Summary
Comcast Corporation reported strong first-quarter 2019 results, with a significant 17.9% increase in consolidated revenue, reaching $26.9 billion. This growth was primarily driven by the recent acquisition of Sky, which contributed substantially to the revenue increase, alongside continued strength in the Cable Communications segment, particularly in high-speed internet services. Net income attributable to Comcast Corporation rose by 14.0% to $3.55 billion, reflecting improved operational performance across its diverse business segments. Key financial metrics like Adjusted EBITDA also showed robust growth, up 18.1% to $8.55 billion, highlighting improved profitability. While the company is investing heavily in its various segments, including capital expenditures for network upgrades and content development, its strong cash flow generation and significant liquidity position provide confidence in its ability to manage debt obligations and fund ongoing strategic initiatives, including shareholder returns.
Financial Highlights
51 data points| Revenue | $26.86B |
| Operating Expenses | $21.68B |
| Operating Income | $5.18B |
| Interest Expense | $1.15B |
| Net Income | $3.55B |
| EPS (Basic) | $0.78 |
| EPS (Diluted) | $0.77 |
| Shares Outstanding (Basic) | 4.53B |
| Shares Outstanding (Diluted) | 4.59B |
Key Highlights
- 1Consolidated revenue increased by 17.9% to $26.9 billion, largely driven by the inclusion of Sky's results and growth in Cable Communications.
- 2Net income attributable to Comcast Corporation grew by 14.0% to $3.55 billion, or $0.77 per diluted share.
- 3Adjusted EBITDA saw a substantial increase of 18.1% to $8.55 billion, indicating strong operational performance.
- 4The Cable Communications segment revenue grew by 4.2% to $14.3 billion, with high-speed internet revenue up 10.1%.
- 5NBCUniversal revenue declined 12.5% to $8.31 billion, primarily due to the absence of major sporting event broadcasts from the prior year.
- 6The Sky segment contributed significantly to revenue, though reported a 5.0% decrease in actual revenue, partly due to foreign currency impacts, but showed underlying growth on a constant currency basis.
- 7Capital expenditures remained high at $2.09 billion, reflecting ongoing investments in infrastructure and services across its segments.