- Adjusted Earnings Per Share (EPS): $1.21, up from $1.13 last year. Beat estimate of $1.12.
- Domestic Broadband Customers: Decreased by 120,000, compared to a loss of 19,000 last year.
- Domestic Video Customers: Dropped by 419,000, a 23% increase in the loss year over year.
- Total Revenue: $29.69 billion, a 2.7% decrease year over year. Below the estimate of $30.04 billion.
- Connectivity & Platforms Revenue: $20.25 billion, down 0.6% year over year.
- Content & Experiences Revenue: $10.06 billion, down 7.5% year over year.
- Studios Revenue: $2.25 billion, a 27% decrease, missing the estimate of $2.51 billion.
- Media Revenue: $6.32 billion, up 2.1% year over year, but slightly below the estimate of $6.36 billion.
- Theme Parks Revenue: $1.98 billion, down 11%, missing the estimate of $2.21 billion.
- Adjusted EBITDA: $10.17 billion, a slight drop of 0.7% year over year, beating the estimate of $10.03 billion.
- Peacock Revenue: $1.05 billion, a 28% increase, but below the estimate of $1.11 billion.
- Peacock Paid Subscribers: 33 million, up 38% year over year. Below the estimate of 34.7 million.
- Peacock Adjusted EBITDA Loss: $348 million, a significant 47% reduction in loss, better than the estimated loss of $475.8 million.
- Free Cash Flow: $1.34 billion, a sharp decline of 61% year over year.
- Connectivity & Platforms Capital Expenditures: $1.85 billion, down 13%, better than the estimate of $1.96 billion.
- Content & Experiences Capital Expenditures: $845 million, up 4.4%, slightly below the estimate of $874.7 million.
Comcast Corp Class A on Smartkarma
Analyst coverage of Comcast Corp Class A on Smartkarma by Baptista Research has been positive. In the report titled “Comcast Corporation: A Story Of Superior Product Innovation & An Improving Market Position! – Major Drivers,” the analysts highlighted the company’s strategic execution in maintaining dominance in a competitive market. Comcast’s resilient capital allocation strategy and strong balance sheet position it favorably to invest aggressively in its diverse growth sectors like Residential Broadband, Wireless, Business Services, Theme Parks, Studios, and Streaming, which collectively contributed over 55% of total revenue in Q1.
Another report from Baptista Research, “Comcast Corporation: Commercial Opportunities with NFL Partnerships and Upcoming Massive Developments in Theme Parks! – Major Drivers,” emphasized the company’s strong financial position showcased in the fourth-quarter conference call. Comcast achieved record revenue, adjusted EBITDA, and EPS, underlining its robust cash flow and solid balance sheet. The report also highlighted gains in connectivity businesses, with notable increases in Xfinity Mobile subscriber lines and domestic wireless revenue, reflecting Comcast’s resilience in a competitive environment.
A look at Comcast Corp Class A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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, a leading media and television broadcasting company, is positioned for a promising long-term outlook as indicated by its Smartkarma Smart Scores. With solid scores of 4 in Dividend and Growth factors, Comcast shows strength in both rewarding investors and potential for future expansion. These scores suggest that the company’s financial health and growth prospects are favorable. Additionally, a Momentum score of 3 hints at a steady performance trajectory.
However, Comcast’s lower scores in Value and Resilience factors, standing at 3 and 2 respectively, indicate some areas that may warrant further attention. While the company may not be deemed undervalued compared to its peers, its resilience in facing economic downturns might need improvement. Overall, Comcast Corporation’s diversified offerings in video streaming, internet services, and cable television, coupled with its strong dividend and growth potential, position it well in the market for long-term success.
Summary: Comcast Corporation provides media and television broadcasting services, offering video streaming, television programming, high-speed internet, cable television, and communication services to a global customer base.
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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