April 25, 2024 11:33 GMT
Comcast Q1 Headline Results In Line; FCF Very Strong
COMMUNICATIONS
- Results look decent; revenue and EBITDA in line with consensus at +1.2% YoY and -0.6% YoY despite net subscriber losses in the broadband unit (offset by ARPU growth). Equity may be happy with a decent EPS beat.
- FCF looks strong, +19% YoY where BBG consensus was looking for a YoY decrease; beat looks driven by WC change while CapEx was 1.3% lower.
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