Comcast Corporation announced on Thursday that its revenue in the first quarter of the fiscal year 2025 saw an annual decrease of 0.6% to reach $29.9 billion. The company's net income slid by 12.5% compared to the same trimester the previous year to land at $3.4 billion. Meanwhile, its diluted earnings per share declined by 7.7% year-on-year to $0.89.
"[M]omentum in streaming continues with 21% growth in Media EBITDA [earnings before interest, taxes, depreciation, and amortization]; and Theme Parks remain on an incredible growth trajectory," Chief Executive Officer (CEO) Brian L. Roberts said. "With our significant free cash flow generation, disciplined approach to capital allocation and the strength of our diversified businesses, I am confident that we are well-positioned to navigate an evolving environment."
Following the release of the report, Comcast's shares dropped by 3.68% in premarket trading.
