Comcast Corp. announced on Tuesday that its fourth-quarter net income rose 0.6 percent to $1.93 billion, attributing the success to increased broadband internet customers.
The world's largest broadcasting and cable company now has shares worth $58.96 after increasing by 1.3 percent and has an operating revenue of $17.7 billion.
"Comcast performed at or above expectations on just about every measure and growth continues to be largely driven by broadband and commercial services," Evercore Partners analyst Vijay Jayant wrote, according to USA Today.
Comcast is currently in the process of seeking regulatory approval for its proposal to purchase industry rival Time Warner Cable for $45 billion. The potential purchase, however, has been criticized by many for its enabling of monopolization in media.
Comcast has been the owner of former industry rival NBCUniversal since 2011.
"We are optimistic and feel comfortable," the company's Chief Financial Officer Michael Angelakis said of the potential Time Warner Cable purchase, Reuters reports, mentioning that the deal is expected to close within months.
Comcast and United States regulators have been engaging in information-gathering over the deal and are in talks over its finalization.
Both Comcast and Time Warner were also recently hit with a $20 billion racial bias lawsuit initiated by the National Association of African-American Owned Media organization.
