Brian Steinberg Senior TV EditorComcast said fourth-quarter profit increased thanks to customer interest in broadband and wireless services, even as it grappled with a downturn in performance at its large NBCUniversal entertainment conglomerate spurred by the coronavirus pandemic.The Philadelphia cable giant said net income came to $3.38 billion, or 73 cents a share, up from $3.16 billion, or 68 cents a share, in the year-earlier period.
Revenue fell 2.4% to $27.7 billion. compared with nearly $28.4 billion in the year-earlier period.The results showed Comcast trying to focus more heavily on technologies that are gaining more adoption from consumers, including broadband services.
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