8:33 a.m. ET, January 23, 2019
Comcast's earnings power shares higher
From CNN Business' Jordan Valinsky
Comcast (
CMCSA) shares are
spiking nearly 4% in premarket trading, partly because of a rise in revenue at NBCUniversal.
The revenue for the division, which includes its broadcast and cable networks, film studios and theme parks, shot up 7.1% for the fourth-quarter of 2018 compared to the same period in 2017.
Overall, Comcast's fourth-quarter earnings increased 5.2% to $28.3 billion.
Sky high. For the first time, Comcast disclosed financials for its European pay-TV system Sky following its
$40 billion acquisition and the results are strong. Revenue for the unit increased 5.6% to $5 billion for the fourth-quarter of 2018.
"We truly became a global company with our acquisition of Sky, and are excited about its future and the potential of our combined company in 2019 and beyond," Comcast CEO Brian Roberts said in a release.