- Comcast’s adjusted EPS for 3Q is $1.08, beating the estimate of 95c and last year’s 96c.
- There has been a decrease in Domestic Broadband Customer Change by 18,000.
- Domestic Video Customer Change has seen a significant drop by 490,000.
- The revenue for the period is $30.12 billion, a 0.9% increase year on year, surpassing the estimate of $29.71 billion.
- Connectivity & Platforms revenue stands at $20.27 billion, a 1.1% increase from last year.
- Content & Experiences revenue is $10.56 billion, a 0.8% increase year on year.
- Studios revenue is at $2.52 billion, a 24% decrease from last year, below the estimate of $2.76 billion.
- Media revenue is $6.03 billion, a 0.4% increase year on year, beating the estimate of $5.77 billion.
- Theme Parks revenue is $2.42 billion, a significant 17% increase from last year, surpassing the estimate of $2.37 billion.
- The adjusted Ebitda is $9.96 billion, a 5.1% increase from last year, above the estimate of $9.36 billion.
- Peacock revenue is $830 million, a 64% increase year on year, slightly below the estimate of $858.3 million.
- Peacock has 28 million paid subscribers, a 75% increase from last year, surpassing the estimate of 26.42 million.
- Peacock adjusted Ebitda loss is $565 million, an 8% decrease from last year, less than the estimated loss of $731.8 million.
- The free cash flow is $4.03 billion, a 19% increase from last year.
- Connectivity & Platforms capital expenditures is $2.08 billion, a 2.1% decrease from last year, above the estimate of $1.86 billion.
- Content & Experiences capital expenditures is $884 million, a 44% increase from last year, slightly below the estimate of $896.1 million.
Comcast Corp Class A on Smartkarma
Independent analysts on Smartkarma have released two reports on Comcast Corp Class A. The first report from Baptista Research highlights the notable advancements of the Xfinity X1 Platform as key drivers for the company. The second report from the same provider points out that subscriber growth slowdown and increasing losses from Peacock are concerning. The overall sentiment of the two reports is ‘bull’ and ‘hold’ respectively.
The first report acknowledges the increase in total revenue due to the high-margin Connectivity & Platforms business and the growth in domestic broadband, wireless revenue, and international connectivity. The second report mentions the mixed quarterly results, with revenues and earnings above Wall Street expectations, but a 4% decrease in total company revenue.
A look at Comcast Corp Class A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Comcast Corp Class A has an overall outlook that is favorable with a score of 5 on Momentum. This indicates that the company is on an upward trajectory and is likely to continue to grow in the long-term. The company is also performing well in terms of Value and Growth, with scores of 3 on each. With these scores, it suggests that Comcast Corp Class A is a good choice for those looking for a solid investment opportunity in the long-term.
Comcast Corporation is a provider of media and television broadcasting services, offering video streaming, television programming, high-speed internet, cable television, and communication services to customers worldwide. With its positive long-term outlook, Comcast Corp Class A is a good choice for investors looking for a secure investment that can provide solid returns in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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