TeleGeography Logo

Comcast 1Q20 revenues down 0.9% to USD26.6bn

1 May 2020

US cable giant Comcast Corporation has reported consolidated revenues of USD26.6 billion for the three months ended 31 March 2020, down 0.9% from USD26.9 billion in 1Q19. Adjusted EBITDA for the period under review decreased 4.9% to USD8.1 billion, while net income attributable to Comcast plummeted 39.6% on an annualised basis, to USD2.1 billion.

Of the top-line figure, Comcast’s ‘Cable Communications’ unit generated a total of USD14.9 billion in 1Q20, up 4.5% year-on-year. The cable unit’s adjusted EBITDA increased 6.1% year-on-year, to USD6.1 billion. UK pay-TV/broadband provider Sky – which has been fully consolidated by Comcast since October 2018 – generated revenue of USD4.5 billion in the period under review (-5.8% y-o-y), alongside adjusted EBITDA of USD551 million (-16.9% y-o-y).

In operational terms, Comcast ended 1Q20 with 29.106 million broadband users, 20.845 million pay-TV subscribers, 11.187 million VoIP accounts and 2.267 million MVNO customers. Elsewhere, Sky ended March 2020 with a total of 23.930 million ‘customer relationships’, following a net decrease of 65,000 in the quarter under review.

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

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.