Comcast Corp. added 43,000 video subscribers in the fourth quarter — the first quarterly gain in 61/2 years — as the nation’s top cable TV company said that uptake of its X1 set-top box helped it retain customers and boost video-on-demand spending.
The company also said Tuesday that it has hiked its share buyback authority and is raising its quarterly dividend.
Net income in the three months through December rose 26 percent to $1.91 billion, or 72 cents per share, from $1.52 billion, or 56 cents per share a year ago. However, the increase was partly because of a one-time tax windfall of $158 million. Revenue rose 6 percent to $16.93 billion, beating the $16.65 billion expected by analysts.