Tuesday, February 7, 2023

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Comcast (CMCSA) earnings Q3 2021

Brian Roberts, Chairman and CEO of Comcast

David A. Grogan | CNBC

Comcast will report third-quarter earnings before the bell Thursday.

Here’s what analysts are expecting:

  • Earnings: $0.75 per share adjusted, according to Refinitiv
  • Revenue: $29.87 billion, according to Refinitiv
  • High-speed internet customers: 296,000 net additions, according to StreetAccount

Comcast added 354,000 new high-speed internet customers last quarter, a record gain for the second quarter. During the year-ago quarter, the company added 633,000 new customers.

Comcast CFO Michael Cavanagh warned in September that the company expects lower broadband additions, a move that briefly sent the company’s stock down. Analysts have adjusted their forecasts.

Sign-ups for NBCUniversal’s Peacock is another metric analysts are watching. During the year-ago quarter the platform had roughly 22 million sign-ups and 54 million as of July. The streaming service offers both paid and free options to customers.

Analysts expect 17% year-over-year revenue growth, according to Refinitiv.

Executives will discuss the results and issue guidance on a conference call starting at 8:30 a.m. ET.

Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC.

This story is developing.

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