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Mar 31, 2021
Comcast Q1 2021 Earnings Report
Comcast's Q1 2021 earnings were released, revealing growth driven by Cable Communications and recovery in NBCUniversal and Sky.
Key Takeaways
Comcast Corporation reported a 2.2% increase in revenue to $27.2 billion for Q1 2021. Net income attributable to Comcast increased by 55.1% to $3.3 billion, with adjusted EPS rising by 7.0% to $0.76. Cable Communications saw record customer relationship net additions, and the company's theme parks reached breakeven, excluding Universal Beijing Resort pre-opening costs.
Consolidated Adjusted EBITDA increased by 3.5%, and Adjusted EPS increased by 7.0% to $0.76, with Free Cash Flow generation of $5.3 billion.
Total customer relationships across Cable Communications and Sky increased by 3.3% year-over-year to 56.9 million, including net additions of 602,000 in the quarter.
Cable Communications reported total customer relationship net additions of 380,000, the best first-quarter result on record, with total broadband customer net additions of 461,000.
Sky total customer relationships increased by 221,000 to 23.4 million, marking the best first-quarter result in six years, despite lockdowns in Europe.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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