Comcast Tops $100B In Revenue

Full Year 2018 Highlights:

• Consolidated Revenue Increased 11.1%; Net Income Attributable to Comcast Decreased 48.4%; On an Adjusted Basis, Net Income Attributable to Comcast Increased 22.0%; Adjusted EBITDA Increased 7.9%
• Net Cash Provided by Operating Activities was $24.3 Billion; Free Cash Flow was $12.6 Billion
• Earnings per Share Decreased 46.7% to $2.53; On an Adjusted Basis, Earnings per Share Increased 25.6% to $2.55
• Cable Communications Revenue Increased 3.9%; Adjusted EBITDA Increased 6.5%
• Cable Communications Customer Relationships Increased by 1.0 Million to 30.3 Million; Over 1 Million High-Speed Internet Customer Net Additions for the 13th Consecutive Year
• NBCUniversal Revenue Increased 8.9%; Adjusted EBITDA Increased 4.6%

4th Quarter 2018 Highlights:

• 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

Comcast Corporation (CMCSA) today reported results for the quarter and year ended December 31, 2018.

Brian Roberts

Brian 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."