Comcast Reports 2nd Quarter 2024 Results

About this update from Comcast Corporation

[{"type":"text","content":" PHILADELPHIA--(BUSINESS WIRE)--\nComcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2024.\n\n\n“We grew Adjusted EPS high single digits and continued to invest aggressively in our businesses while returning $3.4 billion to shareholders,\" said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. \"Broadband ARPU increased by 3.6% and we delivered 6% revenue growth in our connectivity businesses, while expanding our Adjusted EBITDA margin across Connectivity & Platforms to a record-high 41.9%. Media returned to Adjusted EBITDA growth, driven by Peacock, which delivered the best year-over-year improvement for any quarter since its launch in 2020. In Studios and Theme Parks, we faced difficult comparisons to last year, but our upcoming film and TV content and the debut of Epic Universe bode very well for the future. More broadly, I am excited about the growth opportunities ahead, as our teams innovate and collaborate to connect our customers, viewers and guests to the moments that matter. The Paris Summer Olympics is a perfect example of this, where starting this Friday our company will be leveraging our most advanced technology and expertise in storytelling to provide millions of households in the U.S. with the finest, most expansive television and streaming coverage in media history for an Olympics or perhaps any televised event… and even more important, an experience they hopefully will never forget.\"\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n($ in millions, except per share data)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2nd Quarter\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nConsolidated Results\n\n\n\n\n\n\n2024\n\n\n\n\n\n\n\n2023\n\n\n\n\n\n\n\nChange\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$29,688\n\n\n\n\n\n\n\n$30,513\n\n\n\n\n\n\n\n(2.7\n\n\n\n\n\n\n%)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nNet Income Attributable to Comcast\n\n\n\n\n\n\n$3,929\n\n\n\n\n\n\n\n$4,248\n\n\n\n\n\n\n\n(7.5\n\n\n\n\n\n\n%)\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nAdjusted Net Income1\n\n\n...

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