Thursday, October 25, 2018

Comcast Reports Five Percent Revenue Increase

Consolidated 3rd Quarter 2018 Highlights:
  • Consolidated Revenue Increased 5.0%; Net Income Attributable to Comcast Increased 9.3%; Adjusted EBITDA Increased 2.5%
  • Net Cash Provided by Operating Activities was $6.0 Billion; Free Cash Flow was $3.1 Billion
  • Earnings per Share Increased by 12.7% to $0.62; On an Adjusted Basis, Earnings per Share Increased 27.5% to $0.65
  • Dividends Paid Totaled $871 Million and Share Repurchases were $1.3 Billion
  • Cable Communications (CCMTF) 3rd Quarter 2018 Highlights:
  • Cable Communications Revenue Increased 3.4%; Adjusted EBITDA Increased 7.6%
  • Adjusted EBITDA per Customer Relationship Increased 4.4%
  • High-Speed Internet Residential Revenue Increased 9.6%; Business Services Revenue Increased 10.6%; Total High-Speed Internet Customers Increased by 363,000
NBCUniversal 3rd Quarter 2018 Highlights:
  • NBCUniversal Revenue Increased 8.1%; Adjusted EBITDA Decreased 8.5%, Reflecting Tough Comparisons at Filmed Entertainment and Weather-Related Disruptions at Theme Parks
  • Cable Networks and Broadcast Television Collectively Increased Adjusted EBITDA 5.6%
  • For the 2017-2018 Season, NBC Ranked #1 in Primetime in Total Viewers for the First Time in 16 Years and Ranked #1 in Primetime Among Adults 18-49 for the Fifth Consecutive Year
Comcast Corp. on Thursday reported net profit rose 9.3% in the third quarter, as growth in the content and distribution giant’s broadband business more than offset a continued decline in cable-TV subscriber numbers.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “This is an exciting and important time in Comcast’s history. To highlight a few of the achievements in our businesses this quarter, Comcast Cable’s EBITDA growth was the fastest in six years, and customer relationship growth accelerated, driven by the best broadband net additions for a third quarter in ten years. At NBCUniversal, our TV businesses continued their strong performance. NBC finished the 52-week season ranked #1 in total viewers for the first time in 16 years and #1 in adults 18-49 for the fifth consecutive season, and is off to a great start in the new season. Our recently completed acquisition of Sky is transformative for our company, helping create a unique global leader in media, technology, television and broadband."

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