earnings
confidence high
sentiment neutral
materiality 0.65
Comcast Q3 revenue falls 6.1% to $29.3B; adjusted EPS $1.07, down 4%; Peacock posts $261M EBITDA
COMCAST CORP
- Revenue $29.298B, down 6.1% YoY; pro forma revenue up 0.5% after Versant separation and Sky Germany sale. Net income $3.448B, up 3.5%.
- Adjusted EPS $1.07 vs $1.12, down 4.0%; GAAP EPS $0.97 up 7.2%. Adjusted EBITDA $9.106B down 5.8%; free cash flow $4.211B down 14.8%.
- Peacock revenue $1.8B with $261M adjusted EBITDA vs $217M loss a year ago; paid subscribers 48M, up 17%. Media revenue rose 13% including $224M FIFA World Cup.
- Connectivity & Platforms revenue $19.663B down 2.7%; domestic broadband lost 144,000 customers, wireless added 368,000 lines to 10.555M; video lost 274,000.
- Theme Parks EBITDA fell 17.1% to $780M on lower admissions; Studios EBITDA rose 18.6% to $402M as The Odyssey reached nearly $1.8B worldwide. Buyback paused through NBCUniversal/Sky separation.