Comcast, which recently retreated from a bidding war with Walt Disney Co. for 21st Century Fox assets, reported a 28 percent increase in profit for the past three months.
Net income was $3.2 billion, or 69 cents a share, on revenue of $21.7 billion, the cable giant said Thursday.
“We delivered fantastic results,” Chief Executive Officer Brian Roberts said in a statement, noting the cable division’s addition of 182,000 customer relationships. Revenue from high-speed internet services grew 9.3 percent to $4.2 billion.
There were some challenges, however. Sales of Comcast’s video service dropped 1.9 percent to $5.6 billion, the Philadelphia-based company said, and revenue at the phone business tumbled 3.9 percent to $994 million.
Comcast abandoned its $65 billion bid for key Fox assets earlier this month after the Department of Justice chose to appeal a federal judge’s decision allowing AT&T to merge with Time Warner. The company still plans to pursue its acquisition of British media company Sky Plc.
