Comcast Q2 2023 Earnings Report
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.
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Comcast 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