earnings
confidence high
sentiment positive
materiality 0.80
Comcast Q2 adjusted EPS up 7% to $1.21; Connectivity margin hits record 41.9%
COMCAST CORP
2024-Q2 EPS reported
$1.97
revenue$59,746,000,000
- Revenue $29.7B (-2.7% YoY), net income $3.93B (-7.5%), adjusted EPS $1.21 (+7.0%).
- Free cash flow $1.3B (-60.9%) includes tax payment on Hulu transaction.
- Returned $3.4B to shareholders ($1.2B dividends, $2.2B buybacks).
- Connectivity & Platforms margin 41.9% (record); broadband ARPU +3.6%, but domestic broadband lost 120k customers.
- Peacock subs +38% to 33M, revenue $1.0B, EBITDA loss narrowed from $651M to $348M.