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.


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