NASDAQ$CMCSA
Comcast Corp · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Comcast's Q4 2019 earnings were released, showing a solid performance driven by cable communications and NBCUniversal broadcast television.
Comcast Corporation reported strong Q4 2019 results, with a 2.0% increase in revenue to $28.4 billion and a 25.9% increase in net income to $3.2 billion. Adjusted EPS increased by 9.7% to $0.79. Cable Communications saw growth in high-speed internet and business services, while NBCUniversal's Broadcast Television also performed well.
- Consolidated revenue increased by 2.0% to $28.4 billion.
- Net income attributable to Comcast increased by 25.9% to $3.2 billion.
- Adjusted EBITDA increased by 3.0% to $8.4 billion.
- Cable Communications total customer relationship net additions were the best on record, with 372,000 additions.
Headline financials
Revenue & EPS history
Comcast · Revenue · Quarterly
$28.4B
Revenue by segment
Comcast · $22.8B total across 5 segments · Q4 2019
- Residential Connectivity$14.8B—64.7%
- Media$2.93B—12.8%
- Business Services Connectivity$2B—8.8%
- Studios$1.56B—6.8%
- Theme Parks$1.56B—6.8%
Forward guidance
In 2020, Comcast is focusing on differentiating its broadband product through innovations like Flex and xFi Advanced Security, accelerating Sky Q deployment, launching a new broadband service in Italy, debuting Super Nintendo World at Universal Studios Japan, and introducing the Peacock streaming service.
Tailwinds
- Further differentiating broadband product in the U.S.
- Accelerating the deployment of Sky Q
- Launching a new broadband service in Italy
- Debuting Super Nintendo World at Universal Studios Japan
- Introducing a world-class streaming service - Peacock
Headwinds
- Unfavorable impact from a change in legislation related to gambling advertisements in the UK and Italy
- Overall market weakness impacting advertising revenue
- Audience ratings declines affecting advertising revenue
- Decreases in video and voice revenue due to customer declines
- Start-up costs associated with Peacock
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 Q4 2019
+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
| Quarter | Report date | Reaction (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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