Comcast Corp. (NASDAQ: CMCSA) has reported a pointy enhance in adjusted earnings for the second quarter of 2023 when the telecommunications firm’s revenues rose modestly.
Complete revenues moved up 2% yearly to $30.5 billion within the June quarter. Revenues of the Connectivity & Platforms section remained broadly unchanged, whereas Content material & Experiences income moved up 4%.
Adjusted earnings elevated 12% year-over-year to $1.13 per share in the course of the three-month interval. Web revenue was $4.25 billion or $1.02 per share, in comparison with $3.40 billion or $0.76 per share within the prior-year quarter.
The constant investments we’ve been making in our progress companies proceed to generate sturdy outcomes and place us extraordinarily nicely each now and into the longer term. Second quarter operational and monetary efficiency was glorious and included a double-digit enhance in Adjusted EPS and important free money movement era,” mentioned Brian Roberts, Comcast’s CEO.
