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Jun 30, 2023
Comcast Q2 2023 Earnings Report
Comcast's Q2 2023 performance was marked by revenue growth, increased profitability, and strategic investments in key areas.
Key Takeaways
Comcast Corporation reported strong Q2 2023 results, with a 1.7% increase in revenue to $30.513 billion and a 25.1% increase in net income to $4.248 billion. Adjusted EPS grew by 11.9% to $1.13, and free cash flow reached $3.421 billion. The company saw growth in connectivity businesses, Theme Parks, and Studios, with Peacock paid subscribers nearly doubling year-over-year.
Consolidated Adjusted EBITDA increased 4.2% to $10.2 billion, and Adjusted EPS increased 11.9% to $1.13, with free cash flow generation of $3.4 billion.
The company returned $3.2 billion to shareholders through dividends and share repurchases.
Connectivity & Platforms saw Adjusted EBITDA increase by 4.4% to $8.3 billion, with margin expansion of 170 basis points to 41.0%.
Peacock's paid subscribers nearly doubled year-over-year to 24 million, driving an 85% increase in Peacock revenue to $820 million.
Revenue by Segment
Forward Guidance
The press release does not contain specific forward guidance. Therefore, no forward guidance can be extracted.
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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