NASDAQ$CMCSA

Comcast Corp · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Comcast reported Q1 2025 revenue of $29.9B with net income attributable to Comcast of $3.38B and diluted EPS of $0.89.

Revenue was $29.9 billion for the quarter ended March 31, 2025, roughly flat year over year as Connectivity & Platforms softness offset Content & Experiences growth. Net income attributable to Comcast was $3.38 billion; diluted EPS was $0.89. Peacock investment and linear TV declines remain structural themes.

  • Q1 revenue $29.9B; net income to Comcast $3.38B.
  • Diluted EPS $0.89; broadband and parks trends mixed.
  • Content & Experiences growth offset Connectivity pressure.
  • Peacock losses and sports rights timing affect Media margins.

Headline financials

Total Revenue

$29.9B

Previous: $30.1B-0.6%
EPS (adj)

$1.09

Previous: $0.97+12.4%
Total Customer Relationships

51.4M

No prior period
Customer Relationship Net Adds

-228.0K

Previous: -166.0K-37.3%
Domestic Broadband Customers

29.2M

No prior period
Broadband Net Adds

-183.0K

Previous: -55.0K-232.7%
Video Customer Net Adds

-427.0K

Previous: -487.0K+12.3%
Wireless Line Net Adds

323.0K

Previous: 289.0K+11.8%
Capital Expenditures

-$2.25B

Previous: -$2.63B+14.4%
Net Income

$3.38B

Previous: $3.86B-12.5%
Operating Income

$5.66B

Previous: $5.81B-2.6%
Gross Profit

$17.6B

No prior period

Revenue & EPS history

Comcast · Revenue · Quarterly

$29.9B

Q1 2025-0.6%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Comcast · $31.2B total across 5 segments · Q3 2023

  • Residential Connectivity
    $18B+8.5%
  • Media
    $6.03B+15.3%
  • Studios
    $2.52B-20.4%
  • Theme Parks
    $2.42B+17.2%
  • Business Services Connectivity
    $2.32B

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector-specific risks.

Tailwinds

  • Management outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.1%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+13.3%

Q1 2023

Best reaction

-13.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-5.9%-14.2%
Q4 2025+2.8%+4.8%+9.0%
Q3 2025-5.2%-3.8%-6.4%
Q2 2025+2.2%+0.0%+4.5%
Q1 2025-3.7%-1.5%+0.1%
Q4 2024-11.0%-10.2%-4.0%
Q3 2024+3.1%+0.8%+2.2%
Q2 2024-3.6%+0.4%-0.3%
Q1 2024-4.1%-5.2%-4.2%
Q4 2023+5.6%+6.5%-4.3%
Q3 2023-7.3%-3.4%-0.4%
Q2 2023+5.4%+5.6%+6.0%
Q1 2023+13.3%+12.8%+8.1%
Q4 2022-1.2%-1.9%-7.7%
Q3 2022+1.4%+0.2%+13.2%
Q2 2022-13.5%-13.1%-15.1%
Q1 2022-10.6%-9.2%-0.7%
Q4 2021+2.6%+3.1%-2.9%
Q3 2021-1.9%+0.4%-2.6%
Q2 2021+1.5%+0.4%+2.4%
Q1 2021+3.8%+4.7%+6.0%
Q4 2020+2.4%+5.7%+8.9%
Q3 2020+0.6%+1.5%+23.3%
Q2 2020-2.5%-1.6%+1.5%
Q1 2020-5.2%-7.6%+1.5%
Q4 2019-6.0%-7.2%-3.4%
Q3 2019-0.2%-0.8%-2.0%
Q2 2019-0.5%-1.8%-5.4%
Q1 2019+2.9%+4.0%+2.0%
Q4 2018+3.6%+1.1%+10.4%
Q3 2018+3.3%+10.5%+9.6%
Q2 2018+5.0%+7.1%+9.2%
Q1 2018-0.1%-5.9%-4.8%
Q4 2017-0.7%-1.1%-6.9%
Q3 2017-0.1%-2.2%-2.6%
Q2 2017+0.4%+2.5%+2.2%
Q1 2017+1.0%+1.4%+5.5%
Q4 2016+3.4%+2.7%+3.2%
Q3 2016-4.7%-4.2%+7.2%
Q2 2016+1.0%+0.5%-2.5%
Q1 2016+0.2%
Q4 2015+6.6%
Q3 2015-0.4%
Q2 2015-3.6%
Q1 2015-0.8%
Q4 2014+2.4%
Q3 2014+0.8%
Q2 2014+1.7%
Q1 2014+2.7%
Q4 2013+1.1%
Q3 2013-0.3%
Q2 2013+7.3%
Q1 2013+2.0%
Q4 2012+3.9%
Q3 2012+3.2%
Q2 2012+4.9%
Q1 2012-0.8%
Q4 2011-0.3%
Q3 2011+1.5%
Q2 2011-4.1%
Q1 2011-2.0%
Q4 2010+3.3%
Q3 2010+6.2%
Q2 2010-0.9%
Q1 2009+8.3%
Q1 2010+8.3%
Q4 2007+1.4%
Q2 2009+1.4%
Q4 2009+1.4%
Q3 2009-2.2%
Q3 2008-2.2%
Q4 2008-0.7%
Q2 2008-0.7%

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