Comcast reports Q2 EPS $1.13, consensus 97c

Reports Q2 revenue $30.51B, consensus $30.13B. Reports Q2 free cash flow $3.42B: Q2 Theme Parks revenue up 22.4% vs. last year. Reports Q2 Peacock paid subscribers in U.S. almost doubled. July 27, 2023 “The consistent investments we’ve been making in our growth businesses continue to generate strong results and position us extremely well both now and into the future. Second quarter operational and financial performance was excellent and included a double-digit increase in Adjusted EPS and significant free cash flow generation,” said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. “This quarter contained a number of highlights and notable achievements. We not only continued to deliver solid revenue growth in our connectivity businesses but also expanded our Adjusted EBITDA margin at Connectivity & Platforms. We generated the best quarterly Adjusted EBITDA ever at Theme Parks, had the second-highest grossing animated film of all time in worldwide box office revenue with Super Mario Bros., and nearly doubled paid Peacock subscribers year-over-year. At the same time, we returned a healthy amount of capital to shareholders and maintained an enviable balance sheet. Our experienced and expert management team is executing at an exceptional level, and our long-term-oriented growth strategy is clearly working.”