Hello all,
I'm long on CMCSA with about 9% of portfolio in shares. As such I've been following their developments. Here is a brief summary of their earnings report from this morning:
* Revenue: $29.94B, down 1.2% y/y
* Net income: $3.5B, down 68.3% y/y
* Adjusted EPS: $1.04, down 16.7% y/y
(beating expectations of $0.97)
* Adjusted EBITDA: $8.9B, down 13.4%
* Free Cash Flow: $4.6B, up 2.3%
The stock was up pre-market shortly after the publishing of earnings but have leveled back down to yesterday's close. There is also the upcoming split off of the media related segments. I'd be interested to see how the market values NBC (etc) distinctly from Comcast network segments. They are continuing to lose broadband customers which the market seems particularly sensitive to.
I'm down about 8% on my position. Banking on the split to save me. Time will tell!
Some links to CMCSA materials:
[https://www.cmcsa.com/financials/earnings](https://www.cmcsa.com/financials/earnings)
Also kind of interesting, if you google the stock rn you'll see a lot of hype looking headlines about The Odyssey, Peacock Profitability. However it seems that the broadband segment still carries the day in terms of sentiment.
TLDR: Headline beat with mixed undercurrents