8-K
filed October 27, 2022, 7:59 PM ET
ticker CMCSA
CIK 0001166691
earnings
confidence high
sentiment negative
materiality 0.80
Comcast Q3 net loss of $4.6B on $8.6B Sky impairment; adj. EPS up 10.3%
COMCAST CORP
2022-Q3 EPS reported
$0.52
revenue$90,874,000,000
- Net loss $4.6B vs prior year profit $4.0B, includes $8.6B non-cash goodwill impairment at Sky.
- Adjusted EBITDA rose 5.9% to $9.5B; adjusted EPS $0.96 vs $0.87 up 10.3%.
- Cable EBITDA margin record 45.1%; broadband customers flat, wireless lines add 333K.
- NBCUniversal EBITDA up 24.6% to $1.7B; Theme Parks record EBITDA $819M; Peacock loss $614M.
- Returned $4.7B to shareholders ($3.5B buybacks); share repurchase authorization increased to $20B.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COMCAST CORP reported third quarter of 2022 results: revenue $29,849, net income $4,598, EPS $0.96.
- Period
- third quarter of 2022
- Revenue
- $29,849
- Net income
- $4,598
- EPS
- $0.96
- Result
- reported results
Exact text from the filing
Revenue for the third quarter of 2022 decreased 1.5% to $29.8 billion. Net Income (loss) Attributable to Comcast was $(4.6) billion, compared to $4.0 billion in the prior year period. Adjusted Net Income increased 4.5% to $4.2 billion. Adjusted EBITDA increased 5.9% to $9.5 billion.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COMCAST CORP reported third quarter of 2022 results: revenue $29,849, net income $4,598, EPS $0.96.
- Period
- third quarter of 2022
- Revenue
- $29,849
- Net income
- $4,598
- EPS
- $0.96
- Result
- reported results
Exact text from the filing
Chief Executive Officer of Comcast Corporation. ($ in millions, except per share data) 3rd Quarter Year to Date Consolidated Results 2022 2021 Change 2022 2021 Change Revenue $29,849 $30,298 (1.5 %) $90,874 $86,049 5.6 % Net Income (loss) Attributable to Comcast ($4,598) $4,035 NM $2,347 $11,102 (78.9 %) Adjusted Net Income 1 $4,220 $4,038 4.5 % $12,626
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COMCAST CORP reported nine months ended September 30, 2022 results: revenue $90.9 billion.
- Period
- nine months ended September 30, 2022
- Revenue
- $90.9 billion
- Result
- reported results
Exact text from the filing
For the nine months ended September 30, 2022, revenue increased 5.6% to $90.9 billion. Net income attributable to Comcast decreased 78.9% to $2.3 billion. Adjusted Net Income increased 9.7% to $12.6 billion. Adjusted EBITDA increased 8.2% to $28.5 billion.
View on SEC.gov
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