Comcast signed up far fewer internet customers during the fourth quarter last year than in 2020, but continued to see theme parks and film studios rebound after they were pummeled by the pandemic.
The cable and media giant's fourth-quarter profits fell 9.6% to $3.06 billion, or 66 cents per share, from nearly $3.4 billion a year earlier. The company's revenues rose 9.5% to $30.3 billion.
The Philadelphia company added 212,000 broadband subscribers from October through December, down 60.6% from the 558,000 gained a year earlier. Comcast's broadband business had accelerated in 2020 as more people studied and worked remotely. But that growth slowed down during the second half of 2021.
