Comcast Q1 Revenue $31.46B, EPS $0.79; Ad Sales Up 135%
Comcast generated first-quarter revenue of $31.46 billion and adjusted EPS of $0.79, beating estimates of $30.37 billion and $0.73. NBCUniversal media revenue jumped 61% year-over-year to $7.28 billion with advertising sales up 135% to $3.45 billion on Super Bowl LX and Winter Olympics viewership.
1. Earnings Overview
Comcast generated $31.46 billion revenue and $0.79 adjusted EPS in Q1, surpassing consensus estimates of $30.37 billion and $0.73, propelled by record advertising demand tied to Super Bowl LX and the Milan Cortina Winter Olympics.
2. Media Segment Performance
NBCUniversal media sales reached $7.28 billion, up 61% year-over-year, with total advertising revenue jumping 135% to $3.45 billion; excluding the Super Bowl and Winter Games, ad revenue rose 4.7% to $1.54 billion and segment growth narrowed to 13%.
3. Streaming and Connectivity Trends
Peacock ended the quarter with 46 million paying subscribers, a 12% increase, and generated $2.1 billion in revenue while widening its loss to $432 million; Xfinity connectivity revenue grew 1.6% to $11.6 billion, broadband losses improved to 65,000 and wireless additions hit a record 435,000 lines.
4. Film, Theme Parks and Cash Flow
Universal’s film division earned $3.43 billion (+21%) and theme parks sales rose 24% to $2.33 billion with Epic Universe contribution; Comcast reported $3.9 billion free cash flow and returned $2.5 billion via dividends and buybacks, with net profit down 36% to $2.17 billion.