=Comcast (CMCSA) reported earnings on Thur 27 April 2017 (b/o)

Comcast beats by $0.08, beats on revs:

• Reports Q1 (Mar) earnings of $0.53 per share, $0.08 better than the Capital IQ Consensus of $0.45; revenues rose 8.9% year/year to $20.46 bln vs the $20.1 bln Capital IQ Consensus. 
• Consolidated Adjusted EBITDA (formerly Operating Cash Flow) increased 10.4% to $7.0 billion.
• Revenue for Cable Communications increased 5.8% to $12.9 billion in the first quarter of 2017, driven primarily by increases in high-speed Internet, video and business services revenue. High-speed Internet revenue increased 10.1%, driven by an increase in the number of residential high-speed Internet customers and rate adjustments. Video revenue increased 4.3%, reflecting rate adjustments, an increase in the number of customers subscribing to additional services and an increase in the number of residential video customers. Business services revenue increased 13.6%, primarily due to an increase in the number of small business customers, as well as continued growth in our medium-sized business services. Advertising revenue decreased 6.3%, partially reflecting a decrease in political advertising revenue.
• Total Customer Relationships increased by 297,000 to 28.9 million in the first quarter of 2017. Residential customer relationships increased by 263,000, primarily driven by increases in double and single product customers. Business customer relationships increased by 34,000. At the end of the first quarter, penetration of our double, triple and quad product residential customers increased to 70.7%.
• Revenue for NBCUniversal increased 14.7% to $7.9 billion in the first quarter of 2017. Adjusted EBITDA increased 24.4% to $2.0 billion, reflecting increases at Filmed Entertainment, Cable Networks, Broadcast Television and Theme Parks. Cable Networks revenue increased 7.6% to $2.6 billion in the first quarter of 2017, reflecting higher distribution and content licensing and other revenue, partially offset by lower advertising revenue.