Comcast Corporation announced on Thursday its revenue in the third quarter of the fiscal year 2023 saw an annual increase of 0.9% to come in at $30.1 billion.
According to the financial statement, in the three months ending September 30, net income attributable to Comcast stood at $4 billion, improving from a 4.6 billion loss in the prior year period. Adjusted net income was 6.2% higher than the same period a year earlier to land at $4.5 billion. Earnings per share landed at $0.98, compared to a $1.05 loss in the same quarter of last year.
"We delivered strong financial results in the third quarter, while also investing in long-term growth, accelerating share repurchase activity and maintaining our healthy balance sheet," Brian Roberts, Chairman, and Chief Executive Officer of Comcast Corporation said."We also reported the highest Adjusted EBITDA on record at Theme Parks; drove Oppenheimer to more than $900 million in worldwide box office – becoming the highest grossing biopic of all time," he added.
Following the report's release, Comcast rose 0.12% during premarket trading, to sell at $42.80.
