Comcast Reports Strong Q1 Earnings Amid Customer Declines

Comcast reported first-quarter revenue of $29.89 billion, marginally down year-over-year but surpassing Wall Street estimates, as well as an adjusted earnings per share of $1.09 that beat analyst expectations. While the company experienced declines in domestic broadband and video customers, it saw growth in its wireless and international network segments, and its media and studio divisions also posted gains. Free cash flow was robust at $5.4 billion, with $3.2 billion returned to shareholders, signaling continued capital discipline. The company’s connectivity and business services divisions showed resilience, and streaming and media EBITDA growth offset some domestic advertising declines. Analyst outlooks remain positive, with a consensus 'Outperform' rating and a one-year average price target indicating a potential upside from current trading levels. Despite flat overall sales and the ongoing challenge of changing consumer habits, Comcast’s diversified business and strong cash generation position it for future opportunities.