News Brief: Comcast Q3 2024 Earnings
Summary
Comcast reported Q3 earnings that beat Wall Street estimates for revenue and profit. However, the company reported a loss of 104,000 broadband subscribers, marking the fourth consecutive quarter of no growth in this core business. This has led to a strategic shift impacting earnings and spooking investors.
Key Points
- Financial Performance: Adjusted EPS was $1.12 vs. $1.10 expected. Revenue was $31.2B vs. $30.70B expected.
- Broadband Challenges: Lost 104,000 domestic broadband customers. This is the fourth straight quarter of no subscriber growth.
- Strategic Pivot: Company is refocusing on mobile, simplifying pricing, and enhancing products, which is costing it near-term profitability. EBITDA for connectivity business fell 3.5%.
- ARPU Shift: Average Revenue Per User (ARPU) is no longer expected to be a primary growth metric as the company prioritizes customer retention.
- Leadership Change: Steve Croney named new CEO of the connectivity and platforms division.
- Bright Spots:
- Mobile: Added a record 414,000 mobile lines, bringing the total to 8.9 million.
- Media: NBCUniversal’s media revenue, excluding the Olympics, was up 4%. Peacock streaming losses narrowed to $217M.
- Studio & Parks: Film studio revenue up 6%, theme park revenue up nearly 19%.
- Stock Performance: Shares closed down 4% and are down about 35% over the past year.
新闻简报：康卡斯特2024年第三季度财报
总结
康卡斯特公布的第三季度收益和收入均超出华尔街预期。然而，该公司宽带用户流失了10.4万，这是其核心宽带业务连续第四个季度未能实现用户增长。这一情况导致公司进行战略调整，影响了盈利，并令投资者感到担忧。
关键点
- 财务表现：调整后每股收益为1.12美元，预期为1.10美元。营收为312亿美元，预期为307亿美元。
- 宽带业务挑战：国内宽带客户流失10.4万。这是宽带用户数连续第四个季度未能实现增长。
- 战略转型：公司正将重心转向移动业务、简化定价套餐和增强产品，这在短期内牺牲了盈利能力。连接业务部门的EBITDA下降了3.5%。
- ARPU转变：随着公司将重点放在客户维护上，每用户平均收入不再被预期为主要增长指标。
- 领导层变动：史蒂夫·克罗尼被任命为连接与平台部门的新任首席执行官。
- 亮点业务：
- 移动业务：新增41.4万移动用户线，创下纪录，总数达到890万。
- 媒体业务：若不考虑奥运会影响，NBCUniversal的媒体收入同比增长4%。Peacock流媒体业务亏损收窄至2.17亿美元。
- 影视与主题公园：电影工作室收入增长6%，主题公园收入增长近19%。
- 股价表现：股价当日收盘下跌4%，过去一年累计下跌约35%。
Original Article Link: https://www.cnbc.com/2025/10/30/comcast-cmcsa-earnings-q3-2025.html