Comcast (CMCSA) Tops Q1 EPS by 9c

Comcast (NASDAQ: CMCSA) reported Q1 EPS of $0.53, $0.09 better than the analyst estimate of $0.44. Revenue for the quarter came in at $20.46 billion versus the consensus estimate of $20.12 billion.

Consolidated 1st Quarter 2017 Highlights:

• Consolidated Revenue Increased 8.9%; Net Income Attributable to Comcast Increased 20.2%; Adjusted EBITDA (formerly Operating Cash Flow) Increased 10.4%
• Net Cash Provided by Operating Activities was $5.7 Billion; Free Cash Flow was $3.1 Billion
• Earnings per Share Increased 23.3% to $0.53; On an Adjusted Basis, Earnings per Share Increased 26.2%
• Dividends Paid Totaled $657 Million and Share Repurchases were $750 Million

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “2017 is off to the fastest start in five years. We are reporting outstanding growth at Cable and particularly NBCUniversal, which delivered 14.7% revenue growth and 24.4% Adjusted EBITDA growth. These impressive results were fueled by exceptionally strong film performance, increased affiliate and retransmission revenues at our TV businesses, and continued growth in Theme Parks. Cable operations had a terrific quarter, driven by strength in high-speed Internet and business services revenue growth, as well as positive video, all highlighted by overall customer relationship net additions of 297,000, a 10% increase compared to last year. These results were balanced with financial discipline, which contributed to solid revenue and Adjusted EBITDA growth. The transition from Neil Smit to Dave Watson has gotten off to a very successful and seamless start, and with our teams executing well across all of Comcast NBCUniversal, I am excited about our momentum headed into the rest of 2017 and beyond.”

For earnings history and earnings-related data on Comcast (CMCSA) click here.

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