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Earnings Summary: Comcast Q3 FY25 revenue drops; adj. earnings flat

Telecom company Comcast Corp. (NASDAQ: CMCSA) on Thursday reported mixed results for the third quarter of fiscal 2025 — revenue declined year-over-year while adjusted earnings remained unchanged.

  • Third-quarter revenue declined 2.7% year-over-year to $31.2 billion
  • At $1.12 per share, adjusted earnings remained unchanged from last year in Q3 2025
  • Unadjusted net income was $3.33 billion or $0.90 per share in the September quarter, vs. $3.63 billion or $0.94 per share last year
  • Consolidated adjusted EBITDA was $9.7 billion in Q3, broadly unchanged from the prior-year quarter
  • During the quarter, the management returned $2.8 billion to shareholders through $1.2 billion in dividend payments and $1.5 billion in share repurchases
  • Net cash provided by operating activities was $8.7 billion in Q3; free cash flow totaled $4.9 billion
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