The earnings call presented a mixed picture. While there were strong performances in revenue growth, particularly from the Olympics and Peacock, challenges were noted in Theme Parks, video revenue, and broadband subscribers.

Company Guidance

During Comcast's Q3 2024 earnings call, key guidance focused on various strategic initiatives and financial metrics. Michael Cavanagh highlighted the company's expansion in broadband and wireless convergence, noting that Comcast has extended its network to over 1.2 million new homes and businesses in the past year, with plans to maintain its industry lead. The company observed strong broadband-only customer data usage at an average of 700 gigabytes per month and anticipates delivering multi-gigabit symmetrical speeds in the future. Cavanagh also announced that Epic Universe, a significant theme park project, is set to open on May 22, 2025, expecting high demand and transformative impact on Universal Orlando. On the media front, the Paris Olympics significantly boosted Comcast's performance, with daily viewership averaging over 30 million and generating $1.9 billion in incremental revenue. Financially, Comcast reported a 6.5% increase in total revenue to $32.1 billion, driven by growth in its six major revenue drivers, including residential broadband and theme parks, which collectively grew 9% in the quarter. The company returned $3.2 billion to shareholders, including $2 billion in share repurchases, and maintained a strong balance sheet alongside ongoing capital allocation to growth initiatives.

Revenue Growth and Olympics Success

Total revenue increased 6.5% to $32.1 billion, with NBCUniversal's airing of the Paris Olympics generating a record $1.9 billion in revenue, including $1.4 billion in advertising revenue.

Connectivity and Platforms Growth

Residential connectivity revenue grew 5%, driven by 3% growth in domestic broadband, 19% growth in domestic wireless, and 8% growth in international connectivity.

Peacock Performance

Peacock's revenue grew 82% with 3 million net new subscriber additions, driven by the Olympics and other content such as NFL and Big 10.

Strong Capital Return

Returned $3.2 billion to shareholders in the quarter, including $2 billion in share repurchases, reducing share count by 6% over the last 12 months.

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Comcast (CMCSA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CMCSA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2024 (Q4)	0.86 / -	0.84	―	―	―
Oct 31, 2024	2024 (Q3)	1.06 / 1.12	1.08	3.70% (+0.04)
Jul 23, 2024	2024 (Q2)	1.12 / 1.21	1.13	7.08% (+0.08)
Apr 25, 2024	2024 (Q1)	0.99 / 1.04	0.92	13.04% (+0.12)
Jan 25, 2024	2023 (Q4)	0.79 / 0.84	0.82	2.44% (+0.02)
Oct 26, 2023	2023 (Q3)	0.95 / 1.08	0.96	12.50% (+0.12)
Jul 27, 2023	2023 (Q2)	0.98 / 1.13	1.01	11.88% (+0.12)
Apr 27, 2023	2023 (Q1)	0.82 / 0.92	0.86	6.98% (+0.06)
Jan 26, 2023	2022 (Q4)	0.78 / 0.82	0.77	6.49% (+0.05)
Oct 27, 2022	2022 (Q3)	0.90 / 0.96	0.87	10.34% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CMCSA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$42.24	$43.67	+3.39%
Jul 23, 2024	$39.24	$38.22	-2.60%
Apr 25, 2024	$39.59	$37.28	-5.83%
Jan 25, 2024	$42.80	$44.24	+3.36%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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