Comcast (CMCSA) Tops Q1 EPS by 9c, Revenues Miss
Comcast (NASDAQ: CMCSA) reported Q1 EPS of $0.76, $0.09 better than the analyst estimate of $0.67. Revenue for the quarter came in at $26.86 billion versus the consensus estimate of $27.21 billion.
- Consolidated Revenue Increased 17.9%; Net Income Attributable to Comcast Increased 14.0%; Adjusted EBITDA Increased 18.1%, Each Reflecting the Inclusion of Sky Results in the First Quarter of 2019
- Net Cash Provided by Operating Activities was $7.2 Billion; Free Cash Flow was $4.6 Billion
- Earnings per Share Increased 16.7% to $0.77; On an Adjusted Basis, Earnings per Share Increased 16.9% to $0.76
- Dividends Paid Totaled $869 Million
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “Comcast is off to a terrific start in 2019, financially, operationally and strategically. In the first quarter, we delivered strong EBITDA and earnings per share growth, as well as robust free cash flow. Comcast Cable had the best quarterly EBITDA growth in over a decade, while NBCUniversal again posted favorable results. We also continued to strengthen our leadership position in valuable customer relationships and premium content. Now with the inclusion of Sky, we grew customer relationships by 3.6% year-over-year, including 400,000 net additions in the first quarter, reaching over 54 million relationships in total. Across all parts of the company, our teams are executing at a high level and collaborating to drive growth and innovation. I’m excited about this quarter’s results and the opportunities ahead."
For earnings history and earnings-related data on Comcast (CMCSA) click here.
