Comcast beats by $0.08, reports revs in-line (22.08)
- Reports Q3 (Sep) earnings of $1.07 per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of $0.99; revenues fell 6.1% year/year to $29.3 bln vs the $29.22 bln FactSet Consensus.
- Domestic wireless customer line net additions were 368,000 and 1.6 mln over the last 12 months. Total wireless lines increased to 10.6 mln, reaching nearly 18% penetration of domestic residential broadband customers and 7% of total addressable wireless lines in footprint.
- "...In Content & Experiences, Peacock delivered its second consecutive profitable quarter, generating $261 million in Adjusted EBITDA on $1.8 billion in revenue, driven by strong growth in distribution, while Universal surpassed $5 billion at the global box office, led by the record-breaking success of The Odyssey, now Universal's highest-grossing film of all time. Despite near-term cyclical headwinds in Theme Parks, we remain confident in the business's long-term growth potential. We generated $4.2 billion in free cash flow and are making meaningful progress on the separation of NBCUniversal and Sky, which remains on track to create two independent companies with the financial strength and flexibility to pursue their respective growth strategies."