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Sep 30, 2020
Comcast Q3 2020 Earnings Report
Comcast reported mixed results for Q3 2020, with strong broadband growth offset by declines in other areas due to the pandemic.
Key Takeaways
Comcast's Q3 2020 results showed a decrease in revenue and net income compared to the previous year, but the company experienced record growth in high-speed internet customers. The Cable Communications segment saw revenue growth, while NBCUniversal and Sky faced declines. Peacock, Comcast's streaming service, reached nearly 22 million sign-ups. The company is focused on broadband, aggregation, and streaming to drive long-term growth.
Consolidated Adjusted EBITDA was $7.6 billion, Adjusted EPS was $0.65, and Free Cash Flow was $2.3 billion.
Cable Communications added 556,000 total customer relationships, the best quarterly result on record.
High-speed internet customer net additions were 633,000, also the best quarterly result on record.
Peacock reached nearly 22 million sign-ups in the U.S.
Comcast
Comcast
Comcast Revenue by Segment
Comcast Revenue by Geographic Location
Revenue by Segment
Residential Connectivity Revenue
CapyFin.comMedia Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Comcast anticipates continued growth and is extremely well positioned to provide seamless and integrated experiences for its customers and to deliver superior long-term growth and returns for its shareholders as they emerge from the pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income