Comcast Corporation (CMCSA) recently stated results for the quarter ended June 30, 2019, including Cable Communications, NBCUniversal and Sky.
Consolidated 2nd Quarter 2019 Highlights:
- Consolidated Adjusted EBITDA Raised 17.5%
- Earnings per Share Raised 13.0% to $0.78, on an Adjusted Basis
- Generated Free Cash Flow of $4.2B
Cable Communications 2nd Quarter 2019 Highlights:
- Cable Communications Adjusted EBITDA Raised 7.4% and Adjusted EBITDA per Consumer Relationship Raised 3.8%
- Total Consumer Relationships Raised 3.4% Year-Over-Year to 30.9M, Including Net Additions of 152,000 in the Quarter
- High-Speed Internet Residential Revenue Raised 9.4%; Business Services Revenue Raised 9.8%; Total High-Speed Internet Consumers Raised by 209,000
NBCUniversal 2nd Quarter 2019 Highlights:
- NBCUniversal Adjusted EBITDA Raised 8.1%
- Cable Networks and Broadcast Television Adjusted EBITDA Collectively Raised 9.0%
- NBCUniversal Successfully Completed Another Record Upfront, Highlighted by Overall Volume Up 10% to Nearly $7B and a Double-Digit Price Raise at NBC Prime
Sky 2nd Quarter 2019 Highlights:
- Sky Adjusted EBITDA Raised 13.4% on a Pro Forma Basis; Not Including the Impact of Currency, Adjusted EBITDA Raised 19.9% on a Pro Forma Basis
- Total Consumer Relationships Raised 4.4% Year-Over-Year to 24.0M, Including Net Additions of 304,000 in the Quarter, a 197,000 Improvement from the Second Quarter of 2018
Earnings per Share (EPS) for the second quarter of 2019 was $0.68, a decrease of 1.4% contrast to the second quarter of 2018. On an adjusted basis, EPS raised 13.0% to $0.78 (see Table 5).
For the six months ended June 30, 2019, EPS was $1.45, a 6.6% raise contrast to the previous year. On an adjusted basis, EPS raised 15.8% to $1.54 (see Table 5).
Capital Expenditures raised 0.6% to $2.3B in the second quarter of 2019. Cable Communications’ capital expenditures reduced 9.8% to $1.6B. NBCUniversal’s capital expenditures raised 2.7% to $473M. Sky had capital expenditures of $177M.
For the six months ended June 30, 2019, capital expenditures raised 3.1% to $4.4B contrast to 2018. Cable Communications' capital expenditures reduced 14.5% to $3.0B. NBCUniversal's capital expenditures raised 26.9% to $926M. Sky had capital expenditures of $436M.
Net Cash Provided by Operating Activities was $7.0B in the second quarter of 2019.Free Cash Flow was $4.2B (see Table 4).
For the six months ended June 30, 2019, net cash provided by operating activities was $14.3B. Free cash flow was $8.8B (see Table 4).
Dividends paid during the second quarter of 2019 totaled $954M.
Comcast Corporation's (CMCSA) moved with change of -0.67% to $42.88 with the total traded volume of 17,420,866 shares in recent session versus to an average volume of 18,125,975. After opening the first trading session at $43.19, it registered a day’s high of $43.84 and touched a day’s low of $42.781.
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