Comcast (CMCSA) jumps after topping q1 estimates, Peacock subscribers rise over 60%

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Go back to Comcast (CMCSA) jumps after topping q1 estimates, Peacock subscribers rise over 60%

Comcast Reports 1st Quarter 2023 Results

April 27, 2023 7:00 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2023.

"We delivered strong first quarter results as our team executed exceptionally well," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. "We grew Adjusted EBITDA and Adjusted EPS, and generated a significant amount of free cash flow. We accomplished all of this while continuing to invest in future growth initiatives. Also, importantly, we had solid revenue growth in our high-margin connectivity businesses, while increasing our Peacock subscribers more than 60%... More