Comcast Corporation Reports 2nd Quarter 2025 Results

Comcast Corporation has released its financial results for the second quarter of 2025, providing insights into its performance across various segments. The report highlights key financial metrics, business and operational achievements, strategic initiatives, and management's perspective on the company's progress and future outlook.

Financial Highlights

For the quarter ended June 30, 2025, Comcast reported a revenue increase of 2.1% to $30.3 billion compared to $29.7 billion in the same period last year. Net income attributable to Comcast surged to $11.1 billion, driven by a significant gain from the sale of its interest in Hulu. Adjusted net income, however, saw a slight decline of 1.7% to $4.7 billion. Adjusted EBITDA increased by 1.1% to $10.3 billion, and earnings per share (EPS) rose dramatically by 197.7% to $2.98. Adjusted EPS also saw a modest increase of 3.3% to $1.25.

Business and Operational Highlights

Comcast's wireless business achieved its best quarter ever, adding 378,000 lines, demonstrating its competitive advantage in convergence. The company's Business Services segment also performed well, with revenue and Adjusted EBITDA growing by mid-single digits. In the Content and Experiences segment, revenue grew by 6%, led by the successful opening of Epic Universe at Universal Orlando Resort. Peacock, Comcast's streaming platform, saw an 18% increase in revenue to $1.2 billion, with EBITDA losses improving significantly compared to the prior year period.

Strategic Initiatives and Corporate Developments

Comcast returned $2.9 billion to shareholders through a combination of $1.2 billion in dividend payments and $1.7 billion in share repurchases, reducing shares outstanding by 5% compared to the prior year period. The company also launched new national internet plans with everyday pricing and a 5-year internet price guarantee, among other offers, to pivot its go-to-market strategy in residential broadband.

Management's Perspective

Brian L. Roberts, Chairman and CEO of Comcast Corporation, expressed satisfaction with the company's financial performance and strategic initiatives. He highlighted the early progress in the residential broadband market and the record performance of the wireless business. Roberts also emphasized the strong performance in Business Services and the positive impact of the Epic Universe opening on Universal Orlando Resort.

Future Outlook

Comcast is optimistic about its future, with plans to build on its leadership in premium content and live sports streaming with the addition of NBA coverage on Peacock this fall. The company remains focused on its strategic initiatives, world-class assets, and disciplined capital allocation to drive future growth.

SEC Filing: COMCAST CORP [ CMCSA ] - 8-K - Jul. 31, 2025