NEW YORK — Comcast says its profit rose 30 percent in the first quarter, helped by Super Bowl advertising and its popular broadband service. The results beat Wall Street expectations.
The Philadelphia-based cable company reported net income of $1.22 billion, or 45 cents per share, for the January to March period. That's up from $943 million, or 34 cents per share, a year ago.
Analysts polled by FactSet were expecting earnings of 42 cents per share for the latest quarter
Revenue rose to $14.9 billion, above analysts' expectation of $14.4 billion. The increase was 9.6 percent compared with the combined cable and NBC Universal results a year ago.
Comcast's acquisition of a majority stake in NBC Universal, which owns TV channels and movie studios, closed at the end of January last year.