- Comcast’s adjusted EPS for 2024-1Q was $1.04, higher than the expected $0.99 and a rise from last year’s $0.92.
- Domestic Broadband saw a customer drop by 65,000.
- Domestic Video also saw a decrease in customers by 487,000.
- The revenue was $30.06 billion, showing a 1.2% increase y/y, which is higher than the estimated $29.83 billion.
- Connectivity & Platforms had a revenue of $20.28 billion, incrementing by 0.6% y/y.
- Content & Experiences saw a 1.1% y/y increase with $10.37 billion revenue.
- Studios’ revenue was slightly lower than expected, with actual revenue of $2.74 billion against the estimated $2.85 billion.
- Media hit $6.37 billion in revenue which surpassed the estimated $6.29 billion.
- Theme Parks revenue was a little under the expected at $1.98 billion, with an estimate of $2.05 billion.
- Adjusted EBITDA was $9.36 billion, slightly less than the $9.4 billion estimate and 0.6% less y/y.
- Peacock revenue rose by a significant 54% y/y to $1.05 billion, compared to the estimated $1.02 billion.
- Peacock paid subscribers increase to 34 million, past the 33.59 million estimate.
- Peacock adjusted EBITDA loss is at $639 million, a 9.2% decrease y/y but little more than the estimated loss of $630.4 million.
- Overall, free cash flow was also up by 19% y/y to $4.54 billion.
- Connectivity & Platforms capital expenditures stood at $1.89 billion, slightly more than the estimated $1.87 billion.
- Content & Experiences’ capital expenditures were significantly less than expected at $676 million, compared to the estimate of $796.1 million.
Comcast Corp Class A on Smartkarma
Analyst coverage of Comcast Corp Class A on Smartkarma has been insightful, with Baptista Research providing a bullish outlook on the company. In their report titled “Comcast Corporation: Commercial Opportunities with NFL Partnerships and Upcoming Massive Developments in Theme Parks! – Major Drivers,” they highlighted Comcast’s strong financial position showcased in the fourth-quarter conference call. The report emphasized the company’s highest ever revenue, adjusted EBITDA, and adjusted EPS for the third consecutive year, along with robust cash flow and a solid balance sheet supporting organic investments and share repurchases. Comcast’s gains in connectivity businesses, including a significant increase in Xfinity Mobile subscriber lines and total domestic wireless revenue, were also noted as key indicators of resilience in a competitive market.
A look at Comcast Corp Class A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| 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
Looking at the Smartkarma Smart Scores for Comcast Corp Class A, the company seems to have a promising long-term outlook. With a solid Growth score of 4, Comcast is positioned well for future expansion and development within the media and television broadcasting sector. Coupled with a respectable Value score of 3, the company appears to offer a fair valuation for potential investors.
Despite facing some challenges in terms of Resilience with a score of 2, Comcast’s overall momentum and stability, indicated by a Momentum score of 3, suggest a steady performance in the market. Additionally, a moderate Dividend score of 3 implies the company’s ability to provide returns to shareholders over time. Overall, Comcast Corporation’s diverse range of services and global customer base positions it as a competitive player in the media and communication industry.
**Summary:** Comcast Corporation provides media and television broadcasting services, offering a variety of services such as video streaming, television programming, high-speed internet, cable television, and communication services to customers worldwide.
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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