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Comcast (CMCSA) Tops Q3 EPS by 2c

October 23, 2014 7:03 AM EDT

Comcast (NASDAQ: CMCSA) reported Q3 EPS of $0.73, $0.02 better than the analyst estimate of $0.71. Revenue for the quarter came in at $15.15 billion versus the consensus estimate of $16.88 billion.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “I am pleased to report strong revenue, operating cash flow and free cash flow growth for the third quarter of 2014. Cable results highlight the consistent strength of high-speed Internet and business services, and video customer results were the best for a third quarter in seven years. We continue to focus on innovation and providing the best experience for our customers, and we are thrilled with the response to our superior X1 platform, which recently reached five million boxes deployed. At NBCUniversal, we had another outstanding quarter with double-digit operating cash flow growth, driven by ratings momentum at NBC Broadcast and the successful opening of The Wizarding World of Harry Potter ™– Diagon Alley ™ in Orlando.”

Cable Communications 3rd Quarter 2014 Highlights:

  • Cable Communications Revenue Increased 5.2% and Operating Cash Flow Increased 5.1%
  • Cable Communications Customer Relationships Increased by 82,000 to 26.9 Million
  • Video Customer Net Losses Declined to 81,000, The Best Third Quarter Result in 7 Years
  • High-Speed Internet Customers Increased by 315,000 and Revenue Grew 9.6%
  • Business Services Revenue Increased 21.0%, Achieving a $4 Billion Annualized Run-Rate

NBCUniversal 3rd Quarter 2014 Highlights:

  • NBCUniversal Revenue Increased 1.2% and Operating Cash Flow Increased 13.3%; Operating Cash Flow Margins Expanded to 23.9% from 21.4% in the Prior Year Period
  • Broadcast Revenue Increased 7.7% and Operating Cash Flow Increased Over $100 Million
  • NBC Ended the Full 2013-2014 Season Ranked #1 Among Adults 18-49
  • Theme Parks Revenue Increased 18.7% and Operating Cash Flow Increased 16.9%, Driven by the Successful Opening of The Wizarding World of Harry Potter ™ – Diagon Alley in Orlando

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



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