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Dec 31, 2019
Comcast Q4 2019 Earnings Report
Comcast's Q4 2019 earnings were released, showing a solid performance driven by cable communications and NBCUniversal broadcast television.
Key Takeaways
Comcast Corporation reported strong Q4 2019 results, with a 2.0% increase in revenue to $28.4 billion and a 25.9% increase in net income to $3.2 billion. Adjusted EPS increased by 9.7% to $0.79. Cable Communications saw growth in high-speed internet and business services, while NBCUniversal's Broadcast Television also performed well.
Consolidated revenue increased by 2.0% to $28.4 billion.
Net income attributable to Comcast increased by 25.9% to $3.2 billion.
Adjusted EBITDA increased by 3.0% to $8.4 billion.
Cable Communications total customer relationship net additions were the best on record, with 372,000 additions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In 2020, Comcast is focusing on differentiating its broadband product through innovations like Flex and xFi Advanced Security, accelerating Sky Q deployment, launching a new broadband service in Italy, debuting Super Nintendo World at Universal Studios Japan, and introducing the Peacock streaming service.
Positive Outlook
- Further differentiating broadband product in the U.S.
- Accelerating the deployment of Sky Q
- Launching a new broadband service in Italy
- Debuting Super Nintendo World at Universal Studios Japan
- Introducing a world-class streaming service - Peacock
Challenges Ahead
- Unfavorable impact from a change in legislation related to gambling advertisements in the UK and Italy
- Overall market weakness impacting advertising revenue
- Audience ratings declines affecting advertising revenue
- Decreases in video and voice revenue due to customer declines
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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