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Comcast raises dividend as Sky takeover boosts Q4 growth
2019-01-23 14:01:00| Telecompaper Headlines
(Telecompaper) Comcast announced a 10 percent increase in its quarterly dividend, helping to offset plans to halt its share buyback after increased debt taken on for the Sky acquisition and signs of accelerating cord-cutting at its US cable business. Revenue for the quarter rose 26.1 percent to USD 27.85 billion thanks to the Sky takeover from October, and adjusted EBITDA was up 21.6 percent to USD 8.19 billion. Quarterly net profit dropped 83.3 percent year-on-year to USD 2.51 billion, due to tax gains in the year-earlier period and costs for the Sky deal.
Tags: growth
sky
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Category:Telecommunications