Comcast beats by $0.03, beats on revs
- Reports Q2 (Jun) earnings of $0.52 per share, $0.03 better than the Capital IQ Consensus of $0.49; revenues rose 9.8% year/year to $21.16 bln vs the $20.85 bln Capital IQ Consensus.
- Consolidated Adjusted EBITDA increased 10.0% to $7.1 billion.
- Cable Communications 2nd Quarter 2017 Highlights:
- Cable Communications Revenue Increased 5.5% and Adjusted EBITDA Increased 5.4%; High-speed Internet revenue increased 9.2%, driven by an increase in the number of residential high-speed Internet customers and rate adjustments. Video revenue increased 3.9%, reflecting rate adjustments and an increase in the number of customers subscribing to additional services. Business services revenue increased 12.6%, primarily due to increases in the number of customers receiving our small and medium-sized business services offerings. Advertising revenue decreased 2.1%, reflecting a decrease in political advertising revenue and softness in core linear advertising across several categories, partially offset by growth in interactive advertising.
- Customer Relationships Increased by 114,000; Total Revenue per Customer Relationship Increased 2.2%
- High-Speed Internet Residential Revenue Increased 9.2%; Total Customers Increased by 175,000
- Video Residential Revenue Increased 3.9% and 55% of Residential Video Customers Now Have X1; Total Customer Net Losses were 34,000
- Business Services Revenue Increased 12.6%, Over $6.0 Billion in Annualized Revenue
- NBCUniversal 2nd Quarter 2017 Highlights:
- NBCUniversal Revenue Increased 17.3% and Adjusted EBITDA Increased 22.6%
- Theme Parks Revenue Increased 15.6% and Adjusted EBITDA Increased 17.3%
- Filmed Entertainment Revenue Increased 59.6% and Adjusted EBITDA Increased $229 Million to $285 Million, Driven by Strong Box Office Performance and Home Entertainment
- Cable Networks and Broadcast Television Adjusted EBITDA Increased 11.7% and 5.5%, Respectively, Driven by Increases in Affiliate and Retransmission Revenue