Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2020. Comcast reports Q2 adjusted EPS of 69c versus the consensus estimate of 55c. The company reports Q2 revenue of $23.7B versus the consensus estimate of $23.57B. Comcast said Q2 Filmed Entertainment revenue was $1.2B, Theme Parks revenue was $87M, Cable Communications revenue was $14.43B, and NBCUniversal revenue $6.12B.
Comcast Corporation (Nasdaq: CMCSA) announced that its Board of Directors declared a quarterly dividend of $0.23 a share on the company’s common stock. The quarterly dividend is payable on October 28, 2020 to shareholders of record as of the close of business on October 7, 2020.
“Our response to COVID-19 has been extraordinarily fast and effective, and our products and brands continue to resonate strongly with our customers across all segments and all geographies. The solid results that we delivered in the quarter highlight the resilience of our company. Cable delivered record second quarter customer relationship net adds, driven by the best second quarter high-speed internet net adds in 13 years. NBCUniversal successfully launched Peacock in Cable’s footprint in April, ahead of the streaming service’s U.S. nationwide launch earlier this month, with 10 million sign-ups to date. NBCUniversal also just recently announced a deal with AMC Theatres in the U.S. that allows Universal to release titles across PVOD platforms after a 17-day exclusive theatrical window. At Sky, our flexible strategy helped retain customers until key sports returned in May and June. Overall, based on our results and the many organic growth opportunities that we have across our company, I am confident in our ability to continue to successfully navigate the impact of COVID-19, and emerge from the crisis even stronger. I could not be more proud of how our teams across Comcast Cable, NBCUniversal and Sky are together managing the business,” commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.
CNBC’s Becky Quick and Wilfred Frost break down the quarterly earnings results from CNBC’s parent company Comcast.