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Sep 30, 2024
Comcast Q3 2024 Earnings Report
Comcast's Q3 2024 performance was marked by revenue growth and strategic advancements.
Key Takeaways
Comcast reported a 6.5% increase in revenue, driven by its convergence strategy and successful events like the Paris Olympics. Adjusted EPS increased by 3.3% to $1.12, and the company generated $3.4 billion in free cash flow. Connectivity & Platforms saw growth in revenue and Adjusted EBITDA margins, while Media benefited from the Olympics and increased Peacock subscribers.
Adjusted EPS increased 3.3% to $1.12, and free cash flow totaled $3.4 billion.
Connectivity & Platforms Adjusted EBITDA margin increased 30 basis points to 40.9%.
Peacock paid subscribers increased 29% to 36 million, with revenue up 82% to $1.5 billion.
The Paris Olympics drove record high incremental revenue of $1.9 billion in the Media segment.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
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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