The company said Peacock-related revenue was included in Media segment revenue of $1.1 billion in Q1 2024, compared with $685 million in the prior-year period. It said paid subscribers of Peacock as of March 31 were 34 million, compared with 22 million. Peacock-related costs were $1.7 billion, compared with $1.4 billion.

10-QQuarterly reportFiled Apr 25, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said Peacock-related revenue was included in Media segment revenue of $1.1 billion in Q1 2024, compared with $685 million in the prior-year period. It said paid subscribers of Peacock as of March 31 were 34 million, compared with 22 million. Peacock-related costs were $1.7 billion, compared with $1.4 billion.
Comcast said it received $8.6 billion on Q4 2023 after Disney exercised its put right to buy its Hulu interest. The amount is the minimum equity value of $9.2 billion less the $557 million in prior capital contributions. The company said it expects to receive additional payments in 2024.
The company repurchased 56 million shares of Class A common stock for $2.4 billion and paid dividends of $1.2 billion on Q1 2024. The Board of Directors authorized a new share repurchase program of up to $15.0 billion in January 2024. As of March 31, 2024, the remaining authorization was $13.2 billion.
The company said that as of March 31, 2024, the available capacity under its revolving credit facility, after deducting commercial paper and letters of credit and bank guarantees, was $11.0 billion. In Q1 2024, it repurchased debt with a principal amount of $267 million.

Key figures

Quarter ended March 31, 2024

Revenue: $30.1B
Operating income: $5.8B
Net income: $3.9B
EPS: $0.97
Operating cash flow: $7.8B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Peacock Revenue, Paid Subscribers and Costs

The company said Peacock-related revenue was included in Media segment revenue of $1.1 billion in Q1 2024, compared with $685 million in the prior-year period. It said paid subscribers of Peacock as of March 31 were 34 million, compared with 22 million. Peacock-related costs were $1.7 billion, compared with $1.4 billion.

Source · Based on the MD&A text of the filing

Proceeds from Disposal of Hulu Interest

Comcast said it received $8.6 billion on Q4 2023 after Disney exercised its put right to buy its Hulu interest. The amount is the minimum equity value of $9.2 billion less the $557 million in prior capital contributions. The company said it expects to receive additional payments in 2024.

Source · Based on the MD&A text of the filing

Share Repurchases and Dividends

The company repurchased 56 million shares of Class A common stock for $2.4 billion and paid dividends of $1.2 billion on Q1 2024. The Board of Directors authorized a new share repurchase program of up to $15.0 billion in January 2024. As of March 31, 2024, the remaining authorization was $13.2 billion.

Source · Based on the MD&A text of the filing

Liquidity and Debt Repurchases

The company said that as of March 31, 2024, the available capacity under its revolving credit facility, after deducting commercial paper and letters of credit and bank guarantees, was $11.0 billion. In Q1 2024, it repurchased debt with a principal amount of $267 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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