Comcast Corporation said its revenue rose 8.5 percent to $19.24 billion in Q4 2015, and grew 8.3 percent to $74.51 billion in 2015.
Comcast CEO Brian L Roberts said: “At Comcast Cable, our focus on delivering the most innovative products and improving the customer experience led to fantastic operating metrics, including our best video customer results in nine years, and our best high-speed Internet customer results in eight years.”
Capital expenditures (Capex) of Comcast increased 18.6 percent to $2.6 billion in Q4 2015. Cable Communications’ Capex increased 10.2 percent to $2.1 billion, primarily reflecting spending on customer premise equipment related to the deployment of the X1 platform and wireless gateways and increased investment in network infrastructure to increase network capacity.
Cable Capex represented 17.2 percent of Cable revenue in the fourth quarter of 2015 compared to 16.5 percent in last year’s fourth quarter.
Capex of Comcast increased 14.5 percent to $8.5 billion in 2015. Cable Communications’ Capex increased 14.3 percent to $7 billion. Cable Capex represented 15 percent of Cable revenue compared to 13.9 percent in 2014.
Cable Communications
Revenue for Cable Communications increased 5.9 percent to $12 billion in Q4 2015. In 2015, Cable revenue increased 6.2 percent to $46.9 billion.
Customer relationships increased by 281,000 or 57.6 percent to 27.7 million in Q4 2015 compared to an increase of 178,000 in Q4 2014, driven by increases in double product and triple product relationships.
Comcast added 89,000 video customers, the best result for a quarter in eight years. The company added 460,000 high-speed Internet customers, the best result for a fourth quarter in nine years. Comcast added 139,000 voice customers.
Cable Networks
For the fourth quarter of 2015, Cable Networks segment revenue increased 3.4 percent to $2.4 billion. In 2015, revenue from the Cable Networks segment increased 0.7 percent to $9.6 billion, said Comcast.
