earnings
confidence high
sentiment positive
materiality 0.75
Comcast Q1 Adjusted EPS $1.04 (+13.9% YoY), FCF $4.5B (+19.4%)
COMCAST CORP
2024-Q1 EPS reported
$0.97
revenue$30,058,000,000
- Revenue $30.1B (+1.2% YoY); Net Income $3.86B (+0.6%); Adjusted EPS beat at $1.04 vs $0.92.
- Free Cash Flow $4.54B vs $3.80B prior year; returned $3.6B to shareholders ($2.4B buybacks, $1.2B dividends).
- Domestic broadband ARPU +4.2% but broadband customer count fell 65k; Peacock subscribers up 55% to 34M.
- Connectivity & Platforms Adj EBITDA margin improved 30 bps to 40.5%; Content & Experiences Adj EBITDA fell 7.1% to $1.49B.
- Theme Parks revenue +1.5% but Adj EBITDA -3.9% due to higher marketing costs; Studios Adj EBITDA -12.2%.