{"id":701632,"date":"2022-10-27T07:48:13","date_gmt":"2022-10-27T11:48:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/comcast-reports-3rd-quarter-2022-results\/"},"modified":"2022-10-27T07:48:13","modified_gmt":"2022-10-27T11:48:13","slug":"comcast-reports-3rd-quarter-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/comcast-reports-3rd-quarter-2022-results\/","title":{"rendered":"Comcast Reports 3rd Quarter 2022 Results"},"content":{"rendered":"

<\/p>\n

Comcast Reports 3rd Quarter 2022 Results<\/b><\/p>\n

PHILADELPHIA–(BUSINESS WIRE<\/a>)–
\nComcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended September 30, 2022.\n<\/p>\n

\n\u201cI\u2019m proud of the company and our strong financial results this quarter. We delivered solid growth in adjusted EBITDA and adjusted EPS, generated significant free cash flow, invested in our businesses\u2019 future and returned a record amount of capital to our shareholders. This performance is a testament to our consistent strategic focus on innovation and our team\u2019s ability to execute at the highest level in any environment. In Cable, we grew adjusted EBITDA by more than 5% and achieved our highest adjusted EBITDA margin on record despite a challenging competitive environment. At NBCUniversal, robust demand from guests at our Theme Parks and from viewers of our iconic content fueled nearly 25% growth in adjusted EBITDA. And, at Sky, our team continues to prudently manage through a difficult and rapidly changing macroeconomic and geopolitical period in the U.K. and Europe. Together, our company is a leader in very large and profitable markets. Despite the challenges that may lie ahead, we are in an enviable strategic and financial position, and our future remains bright,<\/i>” commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

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\n\u00a0\n<\/p>\n<\/td>\n

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($ in millions, except per share data)<\/i><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

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\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

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\n\u00a0\n<\/p>\n<\/td>\n

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\n\u00a0\n<\/p>\n<\/td>\n

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3rd Quarter<\/span><\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

Year to Date<\/span><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

Consolidated Results<\/b><\/p>\n<\/td>\n

\n

2022<\/span><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

2021<\/span><\/p>\n<\/td>\n

\n\n\n

Change<\/span><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2022<\/span><\/p>\n<\/td>\n

\n\n\n

2021<\/span><\/p>\n<\/td>\n

\n\n\n

Change<\/span><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nRevenue\n<\/p>\n<\/td>\n

\n

\n$29,849\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$30,298\n<\/p>\n<\/td>\n

\n\n\n

\n(1.5\n<\/p>\n<\/td>\n

\n

\n%)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$90,874\n<\/p>\n<\/td>\n

\n\n\n

\n$86,049\n<\/p>\n<\/td>\n

\n\n\n

\n5.6\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nNet Income (loss) Attributable to Comcast\n<\/p>\n<\/td>\n

\n

\n($4,598\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n\n

\n$4,035\n<\/p>\n<\/td>\n

\n\n\n

\nNM\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2,347\n<\/p>\n<\/td>\n

\n\n\n

\n$11,102\n<\/p>\n<\/td>\n

\n\n\n

\n(78.9\n<\/p>\n<\/td>\n

\n

\n%)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nAdjusted Net Income1<\/sup><\/p>\n<\/td>\n

\n

\n$4,220\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$4,038\n<\/p>\n<\/td>\n

\n\n\n

\n4.5\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$12,626\n<\/p>\n<\/td>\n

\n\n\n

\n$11,511\n<\/p>\n<\/td>\n

\n\n\n

\n9.7\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nAdjusted EBITDA2<\/sup><\/p>\n<\/td>\n

\n

\n$9,482\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$8,957\n<\/p>\n<\/td>\n

\n\n\n

\n5.9\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$28,459\n<\/p>\n<\/td>\n

\n\n\n

\n$26,297\n<\/p>\n<\/td>\n

\n\n\n

\n8.2\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nEarnings (loss) per Share3<\/sup><\/p>\n<\/td>\n

\n

\n($1.05\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n\n

\n$0.86\n<\/p>\n<\/td>\n

\n\n\n

\nNM\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$0.52\n<\/p>\n<\/td>\n

\n\n\n

\n$2.38\n<\/p>\n<\/td>\n

\n\n\n

\n(78.2\n<\/p>\n<\/td>\n

\n

\n%)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nAdjusted Earnings per Share1<\/sup><\/p>\n<\/td>\n

\n

\n$0.96\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$0.87\n<\/p>\n<\/td>\n

\n\n\n

\n10.3\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$2.82\n<\/p>\n<\/td>\n

\n\n\n

\n$2.47\n<\/p>\n<\/td>\n

\n\n\n

\n14.2\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nNet Cash Provided by Operating Activities\n<\/p>\n<\/td>\n

\n

\n$6,947\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$6,100\n<\/p>\n<\/td>\n

\n\n\n

\n13.9\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$20,530\n<\/p>\n<\/td>\n

\n\n\n

\n$21,457\n<\/p>\n<\/td>\n

\n\n\n

\n(4.3\n<\/p>\n<\/td>\n

\n

\n%)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nFree Cash Flow4<\/sup><\/p>\n<\/td>\n

\n

\n$3,387\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$3,234\n<\/p>\n<\/td>\n

\n\n\n

\n4.7\n<\/p>\n<\/td>\n

\n

\n%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n$11,316\n<\/p>\n<\/td>\n

\n\n\n

\n$13,305\n<\/p>\n<\/td>\n

\n\n\n

\n(14.9\n<\/p>\n<\/td>\n

\n

\n%)\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\nNM=comparison not meaningful.\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nFor additional detail on segment revenue and expenses, customer metrics, capital expenditures, and free cash flow, please refer to the trending schedule on Comcast\u2019s Investor Relations website at www.cmcsa.com<\/a>.\n<\/p>\n

3rd Quarter<\/b>2022 Highlights:<\/b><\/p>\n