Tomahawk, WI 01/30/2014 (BasicsMedia) – Comcast Corporation (NASDAQ:CMCSA), which is the largest provider of cable services in the US, in addition to being the proud owner of NBC Universal, has published its most recent quarterly financial results. The latest results indicate that investors have every reason to be optimistic as they step into 2014. Although these results cover the fourth quarter of 2013, they provide a pointer to the kind of year and performance that shareholders and Wall Street can look forward to where Comcast is concerned. In summary, the firm has exceeded all expectations.

The company announced that for the first time in six years, it has seen a substantial increase in the number of television subscribers. This is an achievement on its own, and points to the fact that Comcast’s efforts thus far have borne fruit. The company announced that it had added close to 43,000 new subscribers into its roll, thus bringing to an end a trend that had lasted a good part of 26 previous quarters of stagnation or dwindling fortunes. Comcast had to contend with intense competition from firms such as DirecTV and Verizon FiOS, which had eaten its market share.

Comcast’s remarkable results are not limited only to adding new television subscribers. The company has gone ahead to add 379,000 new customers to enjoy its high speed Internet services. By boosting its customer base, Comcast was able to witness a 26 percent increase in its net income, which currently stands at $1.9 billion. It has done much better than it did during the same period a year earlier. Moreover, the company ahs shown that it is ready to go to the next level when it was linked with a bid for Time Warner Cable, which would create such a buzz.

Although Charter Communications has indicated that it is willing to make Time Warner Cable its latest acquisition, Comcast still has a role to play in this. If Comcast approves or opts to endorse the bid made by Charter Communications, it stands to benefit by acquiring a significant number of customers or subscribers who initially belonged to Time Warner Cable. Whichever way you look at it, Comcast is in control of its own destiny currently. If things go according to plan, it will not only add new customers to its roll, but its finances will reach previously unchartered levels.

Looking at a single division of Comcast Corporation, NBCUnivesal, one quickly notices that the company posted $6.5 billion in revenue, representing an increase of close to 7.5 percent. The revenue the company obtained from broadcast television, added in a further $2.2 billion, which owed its remarkable increase to ad sales. However, it is worth pointing out that generally, the company saw a drop in its annual sales, compared to what it reported in 2012. Comcast says that the shortfall was partly due to the Summer Olympics and Super Bowl, which took place in 2012.

Finally, the outlook for Comcast Corporation in 2014 is rather good. Thus far, everything seems to be going according to plan, and at the right pace.

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