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Mar 31

Comcast Q1 2025 Earnings Report

Comcast reported solid performance in Q1 2025 with strong free cash flow and growth in key segments including wireless and media.

Key Takeaways

Comcast delivered strong financials in Q1 2025 with $5.4 billion in free cash flow, notable wireless line additions, and EBITDA growth in multiple business segments including Media and Studios, while net income and revenue were slightly down year-over-year.

Total Revenue
$29.9B
Previous year: $30.1B
-0.6%
EPS
$1.09
Previous year: $1.04
+4.8%
Total C&P Customers
51.38M
C&P Net Additions
-228K
Previous year: -166K
+37.3%
Domestic Broadband Cust.
29.19M
Gross Profit
$17.6B
Previous year: $17.7B
-0.3%
Cash and Equivalents
$8.59B
Previous year: $6.52B
+31.9%
Free Cash Flow
$5.42B
Previous year: $4.54B
+19.5%
Total Assets
$268B
Previous year: $264B
+1.6%

Comcast

Comcast

Comcast Revenue by Segment

Comcast Revenue by Geographic Location

Forward Guidance

Comcast is focused on leveraging its diversified portfolio and strong free cash flow to invest in growth areas like broadband, wireless, and theme parks.

Positive Outlook

  • Epic Universe theme park opening in May 2025.
  • Planned theme park expansion into the UK.
  • Strong wireless customer growth continues.
  • Media EBITDA growth driven by Peacock.
  • Business services growth supported by enterprise solutions.

Challenges Ahead

  • Decline in domestic broadband and video subscribers.
  • Revenue slightly down year-over-year.
  • Theme Parks impacted by Hollywood wildfires.
  • Ongoing shift away from traditional video impacting results.
  • Domestic advertising revenue under pressure.

Revenue & Expenses

Visualization of income flow from segment revenue to net income