Comcast: Q3 net profit down 18%
(CercleFinance.com) - Comcast has reported Q3 adjusted net profit that is down 18.
2% at 3 billion dollars, or 65 cents per share, although this is EPS that is better than expected, while its adjusted EBITDA fell by 11.3% to 7.58 billion dollars.
At 25.5 billion dollars, the cable operator and media group's revenue fell by 4.8%, with growth of 2.9% for its cable business and 5.2% at Sky, which was offset by an 18.9% drop at NBCUniversal.
"Driven by our industry-leading platform and strategic focus on broadband, aggregation and streaming, we added a record 633,000 high-speed internet customers and 556,000 total net new customer relationships," said company boss Brian Roberts.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
2% at 3 billion dollars, or 65 cents per share, although this is EPS that is better than expected, while its adjusted EBITDA fell by 11.3% to 7.58 billion dollars.
At 25.5 billion dollars, the cable operator and media group's revenue fell by 4.8%, with growth of 2.9% for its cable business and 5.2% at Sky, which was offset by an 18.9% drop at NBCUniversal.
"Driven by our industry-leading platform and strategic focus on broadband, aggregation and streaming, we added a record 633,000 high-speed internet customers and 556,000 total net new customer relationships," said company boss Brian Roberts.
Copyright (c) 2020 CercleFinance.com. All rights reserved.