earnings
confidence high
sentiment neutral
materiality 0.80
Comcast Q2 revenue down 1.2% to $29.9B; Adj EPS $1.04; announces NBCUniversal/Sky spin-off
COMCAST CORP
- Revenue $29.9B (-1.2% YoY); Adj EBITDA $8.9B (-13.4%); Adj EPS $1.04 (-16.7%).
- Peacock achieved first quarterly profit with EBITDA of $189M; paid subs up 2M to 48M.
- Domestic wireless line net adds 448k (best quarter); total lines 10.2M; penetration 7%.
- Announced intention to spin off NBCUniversal and Sky into separate public company via tax-free transaction.
- Free cash flow $4.6B (+2.3%); returned $2.1B to shareholders; share repurchase paused.