Breaking up is expensive to do.
Comcast reported on Monday morning another $99 million in costs associated with the TWC deal. That brings the total cost of the failed acquisition to $336 million.
But don't break out the whips just yet. Or do. Comcast made that back and more thanks to the release of Fifty Shades of Grey, which has grossed more than $569 million worldwide. The film was distributed by Universal Pictures, a subsidiary of NBCUniversal, which is owned by Comcast.
[seealso slug=http://sale-online.click/2015/04/30/comcast-deal-falls-apart-fcc/%5D%3C/p%3E%3Cp%3E "We begin 2015 with great momentum and remain confident that we are well positioned with an impressive portfolio of complementary businesses to continue our strong performance and drive shareholder value," CEO Brian Roberts said in the earnings release.
Comcast has reported $336 million in costs tied to TWC/Charter deals: Q1 15: $99M Q4 14: $99M Q3 14: $77M Q2 14: $44M Q1 14: $17M— Jon Erlichman (@JonErlichman) May 4, 2015
Comcast generated $17.9 billion in revenue in the first quarter of 2015. From that income the company turned a profit. of $0.81, more than analysts expected.
The earnings come less than two weeks after Comcast backed out of its $45 billion acquisition of Time Warner Cable after government regulators indicated opposition to the deal. The Federal Communications Commission in particular had noted concerns about the massive broadband Internet business of a combined Comcast and Time Warner Cable.
Those concerns were somewhat vindicated by the most recent earnings, with Comcast now almost evenly split between cable and Internet customers. Its cable business declined slightly in overall customers, while Internet continued to grow quickly.
