Comcast revenues rise 7% to $16.2 billion

Comcast revenues rise 7% to $16.2 billionComcast has said that it has recorded a growth of 7 per cent in its revenues to $16.2 billion during the second quarter of the year.

The company said that it benefitted from strong performance of NBCUniversal and an increase of its customers on the internet during the second quarter. The company's earnings increased 30 percent, to 65 cents a share during the quarter from April to June, 2013. The company's cable division recorded an increase 6 per cent in revenues to $10.5 billion during the second quarter compared to the same quarter of the previous year.

Comcast CEO Brian Roberts said, "The entire company is executing really well in our many different businesses. With such a strong quarter and a great first half of the year, it makes us optimistic about our fantastic combination of businesses that have so many opportunities ahead."

The company's business services become the fastest-growing segment recording a growth of 27 per cent to $788 million during the quarter. High-speed Internet revenues rose 8 per cent to about $2.6 billion as the company was able to expand its subscriber base by more than 187,000 Internet customers during the quarter. Total number of voice customers increased by 161,000 while video customers fell by 159,000 during the quarter.