Comcast (CMCSA) Tops Q4 EPS by 2c
Comcast (NASDAQ: CMCSA) reported Q4 EPS of $0.64, $0.02 better than the analyst estimate of $0.62. Revenue for the quarter came in at $27.85 billion versus the consensus estimate of $27.57 billion.
- Consolidated Revenue Increased 26.1%; Net Income Attributable to Comcast Decreased 83.3%; On an Adjusted Basis, Net Income Attributable to Comcast Increased 31.8%; Adjusted EBITDA Increased 21.6%
- Net Cash Provided by Operating Activities was $5.8 Billion; Free Cash Flow was $2.1 Billion
- Earnings per Share Decreased 82.6% to $0.55; On an Adjusted Basis, Earnings per Share Increased 36.2% to $0.64
- Cable Communications Revenue Increased 5.2%; Adjusted EBITDA Increased 7.3%
- Cable Communications Customer Relationship Net Additions were 258,000; High-Speed Internet Customer Net Additions were 351,000
- NBCUniversal Revenue Increased 7.1%; Adjusted EBITDA Increased 12.3%
- Successfully Closed Our Acquisition of Sky; Sky Customer Relationship Net Additions were 164,000, Bringing Second Half Net Additions to a Record 590,000 and Total Customer Relationships to 23.6 Million
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “2018 was a successful and pivotal year for Comcast. I’m pleased with the strong operational and financial results that we delivered across the company. Highlighting a few of our accomplishments during the past year, Comcast Cable’s customer relationship growth accelerated, driven by our 13th consecutive year of over 1 million broadband net additions. 2018 Cable EBITDA growth was the highest in seven years, underscoring the financially attractive transition of our business to connectivity. NBCUniversal had a great year, fueled by double-digit growth in our TV businesses, reflecting our terrific broadcasts of big events like the NFL’s Super Bowl LII, the 2018 Olympics, and the FIFA World CupTM, and overall robust demand for our leading sports, news and entertainment content. We truly became a global company with our acquisition of Sky, and are excited about its future and the potential of our combined company in 2019 and beyond. Comcast’s track record of consistent financial performance and our confidence in our outlook for continued, profitable growth is what underpins our announcement of a 10% increase in our dividend in 2019, our 11th consecutive annual increase.”
Dividends and Share Repurchases Totaled $8.4 Billion in 2018; Increased Dividend by 10% to $0.84 per Share on an Annualized Basis for 2019
For earnings history and earnings-related data on Comcast (CMCSA) click here.
