- Comcast Corporation CMCSA reported second-quarter FY22 revenue growth of 5.1% year-on-year to $30.02 billion, beating the consensus of $29.70 billion.
- Segments: Revenue for Cable Communications rose 3.7% Y/Y to $16.60 billion, driven by increases in broadband, wireless, and business services partially offset by decreases in advertising, video, and voice revenue.
- Customer Relationships decreased by 28,000 to 34.4 million. Broadband customer net additions were flat, and total video customer net losses were 521,000.
- The company's Cable Communications added 317,000 wireless lines.
- Revenue for NBCUniversal increased 18.7% Y/Y to $9.45 billion. Revenue from Media increased 3.6% Y/Y to $5.3 billion, reflecting higher distribution revenue, and Studios increased 33.3% Y/Y to $3 billion, primarily reflecting higher content licensing revenue and theatrical revenue.
- Theme Parks' revenue increased by 64.8% to $1.8 billion due to higher attendance and increased guest spending at its parks in the U.S. and Japan.
- Revenue for Sky decreased 13.8% Y/Y to $4.5 billion. Total Customer Relationships decreased by 255,000 to 22.7 million.
- Adjusted EPS of $1.01 beat the consensus of $0.92.
- Margin: Adjusted EBITDA margin of Cable Communications expanded 70 bps to 44.9%. Sky's adjusted EBITDA margin expanded 850 bps to 19.2%.
- Comcast generated $6.3 billion in operating cash flow, down from $7.6 billion a year ago, and held $6.86 billion in cash and equivalents.
- Cable Communications' capital expenditures were $2.4 billion, up 12.6% Y/Y, NBCUniversal's capital expenditures increased 153.8% to $463 million, and Sky's capital expenditures decreased 29.3% to $130 million.
- Price Action: CMCSA shares traded lower by 6.16% at $40.70 in the premarket on the last check Thursday.
- Photo via Wikimedia Commons
CMCSAComcast Corp
$37.403.12%
Edge Rankings
Momentum27.21
Growth73.67
Quality74.36
Value42.26
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
