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Compared to Estimates, Comcast (CMCSA) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2025, Comcast (CMCSA - Free Report) reported revenue of $30.31 billion, up 2.1% over the same period last year. EPS came in at $1.25, compared to $1.21 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $29.84 billion, representing a surprise of +1.6%. The company delivered an EPS surprise of +6.84%, with the consensus EPS estimate being $1.17.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Comcast performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Customer relationships - Total Connectivity & Platforms Customer Relationships - Net Additions / (Losses): -349 thousand versus the three-analyst average estimate of -312.05 thousand.
  • Customer relationships - Total Connectivity & Platforms Customer Relationships: 51.16 million versus the three-analyst average estimate of 51.07 million.
  • Domestic Broadband - Total Domestic Broadband Customers - Net Additions / (Losses): -226 thousand versus -274.51 thousand estimated by three analysts on average.
  • Domestic Broadband - Residential Customers: 28.99 million versus the three-analyst average estimate of 28.93 million.
  • Revenue- Residential Connectivity & Platforms- Domestic Wireless: $1.2 billion versus the five-analyst average estimate of $1.18 billion. The reported number represents a year-over-year change of +17.3%.
  • Revenue- Content & Experiences- Theme Parks: $2.35 billion compared to the $2.17 billion average estimate based on five analysts. The reported number represents a change of +18.9% year over year.
  • Revenue- Content & Experiences- Studios: $2.43 billion compared to the $2.37 billion average estimate based on five analysts. The reported number represents a change of +7.9% year over year.
  • Revenue- Content & Experiences- Media: $6.44 billion versus the five-analyst average estimate of $6.35 billion. The reported number represents a year-over-year change of +1.8%.
  • Revenue- Residential Connectivity & Platforms- Video: $6.72 billion versus $6.6 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
  • Revenue- Residential Connectivity & Platforms- Other: $1.21 billion versus $1.2 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -7.6% change.
  • Revenue- Residential Connectivity & Platforms- Domestic Broadband: $6.53 billion compared to the $6.5 billion average estimate based on five analysts. The reported number represents a change of -0.6% year over year.
  • Revenue- Residential Connectivity & Platforms- Advertising: $935 million versus the five-analyst average estimate of $914.43 million. The reported number represents a year-over-year change of -5.8%.

View all Key Company Metrics for Comcast here>>>

Shares of Comcast have returned -9.3% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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