Comcast Q3 2022 Earnings Report
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.
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Comcast Revenue by Segment
Forward Guidance
Comcast did not provide specific financial guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income