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“Our financial results in the second quarter were very strong across the board, with Cable, NBCUniversal and Sky each delivering solid growth in adjusted EBITDA, resulting in a double-digit increase in adjusted earnings per share and healthy free cash flow generation,” he said. Roberts lauded the financial performance in the latest period.
“Moving forward, we see much less headroom for Cable subscriber growth as the entire broadband market inches closer to full penetration.” “We continue to expect cable net adds to slow through 2022 (and beyond), driven primarily by an acceleration in fiber and fixed wireless growth,” he wrote about the broader sector trend. Broadband customer net additions in the second quarter of 2021 had come in at 354,000. Wells Fargo analyst Steven Cahall had recently lowered his forecast from 70,000 to 60,000. For the year-ago period, it had reported total broadband customer net additions of 354,000, video customer net losses of 399,000 and total voice customer net losses of 108,000. “Total broadband customers of 32.2 million were flat compared to the first quarter of 2022, total video customer net losses were 521,000, and total voice customer net losses were 286,000,” Comcast detailed on Thursday. Broadband user gains came to a halt amid growth challenges across the cable industry, even though most analysts had expected slight gains from Comcast. That compared to $122 million of revenue and an adjusted EBITDA loss of $363 million related to the streamer in the prior-year period.Ĭomcast on Thursday also disclosed latest results at its core cable systems. NBCU’s media unit results included $444 million of revenue and an adjusted EBITDA loss of $467 million related to Peacock.
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Universal Music Teams With 'Shrek,' 'House of Gucci' Composer Harry Gregson-Williams on New Film, TV Score LabelĬomcast chairman and CEO Brian Roberts said on an earnings conference call he was “pleased” with Peacock’s stable user base and touted a “very strong fall” that would see renewed growth momentum.Ĭomcast in its second-quarter financial report on Thursday posted NBCU earnings before interest, taxes, depreciation and amortization (EBITDA) that rose 19.5 percent to $1.86 billion on revenue of $9.45 billion, up 18.7 percent.
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