Summary
Comcast Corporation reported strong revenue growth in the first quarter of 2018, with total revenue reaching $22.79 billion, a 10.7% increase year-over-year. This growth was driven primarily by its Cable Communications and NBCUniversal segments, with notable contributions from high-speed internet services and advertising within Cable Communications, and significant revenue boosts in Cable Networks and Broadcast Television from the Olympic broadcasts. Net income attributable to Comcast Corporation shareholders saw a substantial increase of 21.2% to $3.12 billion, resulting in diluted EPS of $0.66, up from $0.53 in the prior year. The company also continued its capital return program, repurchasing $1.5 billion in common stock and increasing its dividend. Looking ahead, Comcast announced a significant development with its pre-conditional offer for Sky plc, which could represent a major strategic move for the company.
Financial Highlights
51 data points| Revenue | $22.79B |
| Operating Expenses | $18.15B |
| Operating Income | $4.64B |
| Interest Expense | $777.00M |
| Net Income | $3.12B |
| EPS (Basic) | $0.67 |
| EPS (Diluted) | $0.66 |
| Shares Outstanding (Basic) | 4.63B |
| Shares Outstanding (Diluted) | 4.71B |
Key Highlights
- 1Total revenue increased by 10.7% to $22.79 billion, driven by strong performance across segments.
- 2Net income attributable to Comcast Corporation shareholders rose by 21.2% to $3.12 billion.
- 3Diluted earnings per share improved to $0.66 from $0.53 in the prior year.
- 4Cable Communications segment revenue grew by 3.6% to $13.52 billion, with High-Speed Internet revenue up 8.2%.
- 5NBCUniversal segment revenue increased significantly by 21.3% to $9.53 billion, boosted by Olympic broadcasts in Cable Networks and Broadcast Television.
- 6Comcast announced a pre-conditional all-cash offer to acquire Sky plc for approximately $31 billion.
- 7The company repurchased $1.5 billion of its common stock and increased its quarterly dividend by 21%.