Comcast (CMCSA) Tops Q2 EPS by 4c, Beats on Revenues
Comcast (NASDAQ: CMCSA) reported Q2 EPS of $0.52, $0.04 better than the analyst estimate of $0.48. Revenue for the quarter came in at $21.17 billion versus the consensus estimate of $20.86 billion.
- Consolidated Revenue Increased 9.8%; Net Income Attributable to Comcast Increased 23.9%; Adjusted EBITDA Increased 10.0%
- Net Cash Provided by Operating Activities was $5.2 Billion; Free Cash Flow was $2.2 Billion
- Earnings per Share Increased 26.8% to $0.52
- Dividends Paid Totaled $747 Million and Share Repurchases were $1.4 Billion
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “We delivered terrific results during the second quarter, highlighted by 10.0% growth in Adjusted EBITDA, which continued our strong progress in 2017. Thanks to broad-based momentum across our businesses, our first half Adjusted EBITDA growth is the fastest in six years. NBCUniversal continued to deliver outstanding performance, with 17.3% revenue growth and 22.6% Adjusted EBITDA growth. Driving these tremendous results were the box office success of Fate of the Furious, continued increases in affiliate and retransmission revenues at our TV businesses, and impressive growth at our Theme Parks. At Cable Communications, we generated strong Adjusted EBITDA growth and added 114,000 net new customer relationships, demonstrating our disciplined approach to driving profitability and customer metrics. We launched our fantastic new xFi experience for in-home broadband during the quarter, the latest example of our culture of innovation and continued focus on developing differentiated products and services for our customers. Our teams continue to execute incredibly well and I am excited about the opportunities ahead for Comcast NBCUniversal.”
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