Comcast Q2 Earnings: Theatrical Revenue Rises 65% on ‘Super Mario Bros.’ Release, Peacock Adds Just 2 Million Subs

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Comcast reported its second-quarter 2023 earnings Thursday, revealing theatrical revenue rose 65.9% year over year with the release of “The Super Mario Bros. Movie,” while Peacock added…

Elsewhere, revenue at Universal’s theme parks jumped 22% to $2.21 billion in the quarter.

Wall Street forecast earnings per share of 97 cents on $30.13 billion in revenue, according to analyst consensus data provided by Refinitiv. Comcast reported adjusted EPS of $1.13 on $30.5 billion in revenue. “The consistent investments we’ve been making in our growth businesses continue to generate strong results and position us extremely well both now and into the future,” Comcast CEO Brian Roberts said in a letter to shareholders. “Second quarter operational and financial performance was excellent and included a double-digit increase in Adjusted EPS and significant free cash flow generation. This quarter contained a number of highlights and notable achievements.

Comcast stock closed Wednesday at $42.91 per share. The regular U.S. stock markets will reopen at 9:30 a.m. ET. Roberts and other Comcast executives will host a conference call at 8:30 a.m. ET to discuss the quarter in greater detail.

 

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