Comcast: 7% growth in Q2 EPS
(CercleFinance.com) - Comcast reports Q2 2024 adjusted EPS growth of 7% to $1.
21, despite nearly flat adjusted EBITDA (-0.7%) to less than $10.2bn, on revenues that are down 2.7% to nearly $29.7bn.
We increased broadband ARPU by 3.6% and sales in our connectivity activities by 6%, while increasing the adjusted EBITDA margin across the connectivity and platforms division to a record 41.9%, management points out.
It also highlights a return to growth in adjusted EBITDA in media activities, supported by the success of its Peacock streaming service, while studio and theme park activities suffered from difficult comparatives.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
21, despite nearly flat adjusted EBITDA (-0.7%) to less than $10.2bn, on revenues that are down 2.7% to nearly $29.7bn.
We increased broadband ARPU by 3.6% and sales in our connectivity activities by 6%, while increasing the adjusted EBITDA margin across the connectivity and platforms division to a record 41.9%, management points out.
It also highlights a return to growth in adjusted EBITDA in media activities, supported by the success of its Peacock streaming service, while studio and theme park activities suffered from difficult comparatives.
Copyright (c) 2024 CercleFinance.com. All rights reserved.