Summary
Comcast Corporation reported a strong first quarter for 2021, with consolidated revenue increasing by 2.2% to $27.2 billion, driven by robust performance in Cable Communications and Sky, despite ongoing impacts from the COVID-19 pandemic on its NBCUniversal segment, particularly Theme Parks. Net income attributable to Comcast Corporation surged by 55.1% to $3.33 billion, or $0.71 per diluted share, reflecting improved operating income and a significant swing from investment losses in the prior year to gains in the current quarter. Adjusted EBITDA also saw a healthy increase of 3.5% to $8.41 billion, demonstrating the company's operational resilience and ability to manage costs effectively across its diverse business segments.
Financial Highlights
51 data pointsBeta
Financial Statements
Beta
| Revenue | $27.20B |
| Operating Expenses | $22.17B |
| Operating Income | $5.04B |
| Interest Expense | $1.02B |
| Net Income | $3.33B |
| EPS (Basic) | $0.73 |
| EPS (Diluted) | $0.71 |
| Shares Outstanding (Basic) | 4.59B |
| Shares Outstanding (Diluted) | 4.67B |
Key Highlights
- 1Consolidated revenue grew 2.2% year-over-year to $27.2 billion, primarily driven by increases in Cable Communications (up 5.9%) and Sky (up 10.6% on a constant currency basis).
- 2Net income attributable to Comcast Corporation increased substantially by 55.1% to $3.33 billion, leading to a significant jump in diluted EPS to $0.71 from $0.46 in the prior year period.
- 3Adjusted EBITDA, a key performance metric, rose 3.5% to $8.41 billion, indicating improved operational profitability.
- 4Cable Communications segment demonstrated strong performance with a 5.9% revenue increase to $15.8 billion and a 12.4% rise in Adjusted EBITDA to $6.83 billion, led by significant growth in broadband and wireless services.
- 5NBCUniversal segment revenue declined 9.1% to $7.02 billion, largely due to a 33.1% drop in Theme Parks revenue caused by COVID-19 related restrictions, although Studios and Media showed modest growth.
- 6Sky segment revenue increased by 10.6% to $4.99 billion (2.0% on a constant currency basis), with strong direct-to-consumer and content revenue growth.
- 7The company generated strong operating cash flow of $7.75 billion, a significant increase from $5.82 billion in the prior year, supporting investments and shareholder returns.