Comcast (CMCSA) earnings Q3 2021
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Brian Roberts is Chairman and CEO at Comcast
David A. Grogan | CNBC
ComcastThe bell will sound on Thursday, and the earnings for the third quarter will be announced before that time.
These are the expectations of analysts:
- Earnings Adjusted $0.75/share, Refinitiv
- RevenueAccording to Refinitiv, $29.87 Billion
- Customers who use high-speed internet: 296,000 net additions, according to StreetAccount
Comcast added 354,000 new high-speed internet customersThe second quarter of last year saw record growth. In the quarter preceding the current year, there was a record gain of 1.4%. company added 633,000 new customers
Michael Cavanagh, Comcast’s CFO, warned that Comcast expects lower broadband adds in September. This warning briefly dragged the stock price down. Analysts revised their forecasts.
Analysts are also keeping an eye on sign-ups for NBCUniversal’s Peacock. The platform saw 54 million sign ups in July, compared to 22 million during the quarter prior. Customers can choose between paid or free streaming options.
According to Refinitiv analysts, they expect 17% growth in revenue year over year.
The conference call will begin at 8:30 am and executive leaders will be discussing the results with you. ET.
Disclosure: Comcast, parent company to CNBC, is owner of NBCUniversal.
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