Comcast Q3 2022 Earnings Report

Comcast's Q3 2022 financial performance reflected solid growth in adjusted EBITDA and adjusted EPS, driven by strong performance in Cable, NBCUniversal, and effective management at Sky amidst macroeconomic challenges.

Key Takeaways

Comcast Corporation reported a decrease in revenue by 1.5% to $29.8 billion. Net loss attributable to Comcast was $(4.6) billion, compared to net income of $4.0 billion in the prior year period. However, Adjusted EBITDA increased by 5.9% to $9.5 billion and Adjusted EPS increased by 10.3% to $0.96. The company generated $3.4 billion in free cash flow and returned $4.7 billion to shareholders through dividends and share repurchases.

Consolidated Adjusted EBITDA increased 5.9% to $9.5 Billion; Generated Free Cash Flow of $3.4 Billion.

Cable Communications Adjusted EBITDA Increased 5.4% and Adjusted EBITDA per Customer Relationship Increased 4.0%; Adjusted EBITDA Margin Increased 120 Basis Points to 45.1%, Its Highest on Record.

NBCUniversal Adjusted EBITDA Increased 24.6% to $1.7 Billion, Including Peacock Losses.

Sky Revenue Decreased 14.7% to $4.3 Billion; On a Constant Currency Basis, Revenue Was Consistent with the Prior Year Period.

Total Revenue

$29.8B

Previous year: $30.3B

Total Connectivity Custs

34.36M