Comcast (CMCSA) Tops Q1 EPS by 10c

Comcast (NASDAQ: CMCSA) reported Q1 EPS of $0.92, $0.10 better than the analyst estimate of $0.82. Revenue for the quarter came in at $29.69 billion versus the consensus estimate of $29.34 billion.

"We delivered strong first quarter results as our team executed exceptionally well," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. "We grew Adjusted EBITDA and Adjusted EPS, and generated a significant amount of free cash flow. We accomplished all of this while continuing to invest in future growth initiatives. Also, importantly, we had solid revenue growth in our high-margin connectivity businesses, while increasing our Peacock subscribers more than 60% year-over-year. Our theme parks set a new record of Adjusted EBITDA for a first quarter. In addition, we returned a healthy amount of capital to our shareholders and maintained an enviable balance sheet. As we look ahead, we have great momentum across the company, including Studios where Super Mario Bros. has smashed global box office records to become one of the most successful movies of 2023."

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

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