NASDAQ$CMCSA

Comcast Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Comcast's Q3 2021 earnings showcased strong financial performance, driven by growth across its Cable Communications, NBCUniversal, and Sky segments.

Comcast Corporation reported strong Q3 2021 results with revenue increasing by 18.7% to $30.3 billion and adjusted EPS increasing by 33.8% to $0.87. The company saw growth in adjusted EBITDA across all its businesses, with significant contributions from Cable, NBCUniversal, and Sky. Comcast also returned $2.7 billion to shareholders through share repurchases and dividend payments.

  • Consolidated Adjusted EBITDA increased 18.1% to $9.0 billion, and adjusted EPS increased 33.8% to $0.87.
  • Cable Communications total customer relationship net additions were 255,000, and total broadband customer net additions were 300,000.
  • NBCUniversal Adjusted EBITDA increased 48.2% to $1.3 billion, including Peacock losses.
  • Sky Adjusted EBITDA increased 88.8% to $971 million.

Headline financials

Total Revenue

$30.3B

Previous: $25.5B+18.7%
EPS (adj)

$0.87

Previous: $0.65+33.8%
Customer Relationship Net Adds

255.0K

Previous: 556.0K-54.1%
Wireless Line Net Adds

285.0K

Previous: 187.0K+52.4%
Capital Expenditures

-$2.14B

Previous: -$2.39B+10.3%
Free Cash Flow

$19.3B

Previous: $17.3B+11.6%
Net Income

$4.04B

Previous: $2.02B+99.9%
Operating Income

$5.45B

Previous: $4.08B+33.7%
Gross Profit

$30.3B

Previous: $25.5B+18.7%
Cash & Equivalents

$11.8B

Previous: $13.7B-13.9%
Total Assets

$277B

Previous: $269B+3.0%
Stock-Based Comp

$308M

Previous: $301M+2.3%

Revenue & EPS history

Comcast · Revenue · Quarterly

$30.3B

Q3 2021+18.7%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Comcast · $26.7B total across 4 segments · Q3 2021

  • Residential Connectivity
    $16.1B+7.4%
  • Media
    $6.77B+0.7%
  • Studios
    $2.41B
  • Theme Parks
    $1.45B

Forward guidance

No specific forward guidance was provided in the press release.

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 Q3 2021

Historical avgQ3 2021

+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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