Increase in subscription rate of Comcast Corp. had doubled the fourth quarter earnings of the company by posting net income of $955 million as compared to $412 million of previous year.

In spite of recession in economy and increased competition from the telecommunication industry, cable industry had maintained its growth rate.

Comcast earned 29 cents per share crossing the estimate of 27 cents reported by Thomson Reuters and its revenue jumped to $9.07billion much more than expected as $8.96 billion.

Comcast's liquidity increased 20.8 percent to $4.42 billion and operating income jumped to $1.82 billion.

Adjusting its working capital, the company dropped its capital expenditures from 16.7 percent in 2008 to 14.3 percent in 2009 of its working capital and further dropping this to only 6 percent in the fourth quarter.

In a major move of repurchasing its shares, company had added 18.1 million of its shares worth of $300 million and remaining 3.3 billion shares to be purchased till end of
2012 and announced dividend of 37.8 cents per share.

Comcast's fourth quarter advertising revenue was $426 million, 7.6 percent lesser than the previous year.

Losing 199,000 basic cable subscribers company gained 410,000 digital video subscribers in 2009 while for the previous year it lost 233,000 basic subscribers and added
247,000 digital video subscribers.

Subscription services sold to customers, one of the revenue generating units, increased to 701,000 from 537,000 of the previous year.