Comcast reports Q3 adjusted EPS $1.12, consensus $1.10

Reports Q3 revenue $31.2B, consensus $30.68B. “We’re making steady progress as we reposition the company for long-term, sustained growth,” said Brian Roberts, Chairman and Chief Executive Officer of Comcast (CMCSA) Corporation. “In Connectivity, we’re taking deliberate steps to strengthen our broadband foundation and accelerate wireless as a meaningful growth engine, adding a record 414,000 wireless lines this quarter – clear evidence of the value of our converged offerings. In addition, Business Services delivered another solid performance, with mid-single digit revenue and Adjusted EBITDA growth. In Content & Experiences, we’re building momentum across NBC and Peacock as we head into one of the most exciting stretches of live sports in our history, including robust NBA coverage which just began last week. The early success of Epic Universe contributed to 19% revenue growth at our Theme Parks, reflecting the strength of our newest attractions and the enduring appeal of the Universal brand. We generated $4.9 billion of free cash flow this quarter and $14.9 billion year-to-date despite significant investment we’re making in repositioning our company, a testament to both the durability and resilience of our underlying business.”