Comcast 3Q net income rises on more internet customers

Comcast 3Q net income rises on more internet customers
FILE- In this March 27, 2017, file photo, a Comcast worker performs work in Pittsburgh. Comcast Corp. reports earnings Thursday, Oct. 25, 2018. (AP Photo/Gene J. Puskar, File)

NEW YORK (AP) — Cable company Comcast says its net income rose 9 percent in the third quarter as more high-speed internet customers offset a decline in video customers.

The company is taking over European pay-TV operator Sky as more cable and telecom companies buy up the companies that make and distribute TV shows and movies to compete in a changing media landscape.

The Philadelphia company’s net income rose 9 percent to .89 billion, or 62 cents per share, from the prior-year period. Excluding one-time items, net income totaled 65 cents per share. That beat analyst expectations of 61 cents per share, according to FactSet.

Revenue rose 5 percent to nearly .14 billion from .08 billion. Analysts expected .85 billion.