Comcast Corporation (NASDAQ:CMCSA) stock rose 2.31% (As on Jan 28, 12:19:23 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY 21. Net Income Attributable to Comcast decreased 9.6% to $3.1 billion. Adjusted Net Income increased 35.1% to $3.5 billion. Adjusted EBITDA increased 17.0% to $8.4 billion. Capital Expenditures increased 6.8% to $3.0 billion in the fourth quarter of 2021. Cable Communications’ capital expenditures increased 3.7% to $2.2 billion. NBCUniversal’s capital expenditures increased 33.2% to $502 million. Sky’s capital expenditures increased 7.1% to $332 million. Net Cash Provided by Operating Activities was $7.7 billion in the fourth quarter of 2021. Free Cash Flow was $3.8 billion.

CMCSA in the fourth quarter of FY 21 has reported the adjusted earnings per share of 77 cents, beating the analysts’ estimates for the adjusted earnings per share of by 5.5%, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 9.5 percent to $30.34 billion in the fourth quarter of FY 21, beating the analysts’ estimates for revenue by 2.6%.

Moreover, the revenue for Cable Communications increased 4.5% to $16.4 billion in the fourth quarter of 2021, driven by increases in broadband, business services, wireless, and other revenue, partially offset by decreases in advertising, video, and voice revenue. Broadband revenue increased 8.5% due to an increase in the number of residential broadband customers and an increase in average rates. Business services revenue increased 11.5% due to an increase in average rates, an increase in the number of customers receiving our services, and from a recent acquisition. Wireless revenue increased 40.3% due to an increase in the number of customer lines and an increase in device sales. Video revenue decreased 1.2%, reflecting a decrease in the number of residential video customers, partially offset by an increase in average rates. Voice revenue decreased 6.2%, primarily reflecting a decrease in the number of residential voice customers.

Additionally, the company has increased its dividend by $0.08 to $1.08 per share on an annualized basis, up 8% year-over-year. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.27 a share on the company’s common stock, payable on April 27, 2022 to shareholders of record as of the close of business on April 6, 2022. In addition, Comcast has increased its share repurchase program authorization to $10.0 billion, effective as of January 1, 2022.