Comcast Q2 2021 Earnings Report
Key Takeaways
Comcast Corporation reported excellent Q2 2021 results with a 20.4% increase in revenue to $28.5 billion and a 12.6% increase in Adjusted EBITDA to $8.9 billion. Cable Communications showed exceptional performance with record broadband and customer relationship net additions. NBCUniversal's Adjusted EBITDA increased by 12.5%, fueled by the recovery at Theme Parks. The company resumed its share repurchase program and returned $1.7 billion to shareholders through share repurchases and dividend payments.
Consolidated Adjusted EBITDA increased 12.6% to $8.9 billion; Adjusted EPS increased 21.7% to $0.84; Free cash flow was $4.8 Billion.
Cable Communications total customer relationship net additions were 294,000, the best second quarter result on record; total broadband customer net additions were 354,000, the best second quarter result on record.
Cable Communications wireless customer line net additions were 280,000, the best quarterly result on record.
NBCUniversal Adjusted EBITDA increased 12.5% to $1.6 billion, including Peacock losses; Theme Parks delivered its first profitable quarter since Q1 2020.
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Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income