The company said revenue for Q2 2024 was $29,688 million, down 2.7% from $30,513 million a year earlier, and net income attributable to Comcast fell 7.5% to $3,929 million. Adjusted earnings per share rose 7.0% to $1.21.

1. 01

   The company said revenue for Q2 2024 was $29,688 million, down 2.7% from $30,513 million a year earlier, and net income attributable to Comcast fell 7.5% to $3,929 million. Adjusted earnings per share rose 7.0% to $1.21.

2. 02

   Comcast said Connectivity & Platforms Adjusted EBITDA rose 1.6% to $8,483 million in Q2 2024, and its Adjusted EBITDA margin was 41.9%, up 90 basis points from 41.0% a year earlier. Revenue for the segment was $20,245 million, down 0.6%.

3. 03

   The company said Media Adjusted EBITDA increased 9.0% to $1,356 million in Q2 2024, while Studios Adjusted EBITDA fell 51.4% to $124 million and Theme Parks Adjusted EBITDA fell 24.1% to $632 million. Peacock revenue was $1.0 billion, and its Adjusted EBITDA loss was $348 million.

4. 04

   The company said net cash provided by operating activities was $4,724 million and free cash flow was $1,338 million in Q2 2024, including a tax payment related to the Hulu transaction. It returned a total of $3.4 billion to shareholders during the quarter, consisting of dividends of $1.2 billion and share repurchases of $2.2 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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