Comcast reports Q1 revenue up 2.6%, operating income climbs 9.0% to USD3.9bn

5 May 2015

US cable broadband and pay-TV operator Comcast Corporation has reported its financial results for the quarter ended 31 March 2015, noting that consolidated revenue for the three-month period increased 2.6% year-on-year to USD17.85 billion from USD17.41 billion in 1Q14. In its filing, the firm said that excluding USD376 million of revenue generated by the NFL’s Super Bowl in the first quarter of 2015 as well as USD1.1 billion of revenue generated by the Sochi Olympics in the first quarter of 2014, consolidated revenue increased 7.2% y-o-y. Consolidated operating income increased 9.0% y-o-y to USD3.89 billion from USD3.57 billion, and capital expenditure increased 19.2% to USD1.7 billion in the first quarter of 2015, when compared to the first quarter of 2014.

The group’s Cable Communications’ division booked a 6.3% rise in revenue to USD11.43 billion as high speed internet customers increased by 407,000 y-o-y to 22.369 million and revenue from broadband operations rose 10.7% to USD3.04 billion, ‘the strongest rate of growth in over four years’. Comcast also reported 11.270 million voice telephony subscribers (up a net 142,000 y-o-y) at end-March 2015, 22.375 million video customers (+24,000), and said that 9.945 million customers are now on triple-play (branded X1) plans, compared to 9.539 million a year earlier.

United States, Comcast Corp (Xfinity, incl. Xfinity Mobile)