Filing Flows › Comcast (CMCSA) › Q1 2025
Comcast (CMCSA) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Comcast (CMCSA) reported revenue of $29.9B for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and -6% from the quarter before. Operating margin was 18.9%, net earnings $3.4B (11.3% of revenue).
Comcast, Q1 2025: revenue $29.9B (-0.6% year over year), operating margin 18.9%, net earnings $3.4B, operating cash flow $8.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.9B | -6% | -0.6% |
| Operating profit | $5.7B | +13% | -3% |
| Net earnings | $3.4B | -29% | -12% |
| Operating cash flow | $8.3B | +3% | +6% |
| Free cash flow | $5.4B | — | +19% |
What changed
Revenue was $29.9B in Q1 2025, down 1% year over year and down 6% from the previous quarter.
Operating profit was $5.7B, a 18.9% margin (down 0.4 points year over year). Total costs fell 0% while revenue fell 1%. Net earnings were $3.4B, down 12% year over year ($3.3B including minority interests, which bore $0.08B of losses). The effective tax rate was 26.6%.
Operating cash flow was $8.3B (up 6% year over year), 252% of net income including minority interests. Non-cash charges added back $3.8B of depreciation and amortization and $0.38B of share-based compensation. Working capital and other items added $0.77B. After capital expenditures ($2.3B) and cash paid for capitalized software and other intangible assets ($0.62B), free cash flow as the company reports it was $5.4B.
Questions
What was Comcast's revenue in the first quarter 2025?
Comcast (CMCSA) reported revenue of $29.9B for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and -6% from the quarter before.
Was Comcast profitable in the first quarter 2025?
Operating profit was $5.7B (18.9% of revenue) and net earnings $3.4B.
Source: Comcast 10-Q on SEC EDGAR.