Comcast 2017 Earnings

[agentj]

FWIW Comcast just announced 4th Q earnings at 8.7% for 2017 and up 10% YTD. Said they will increase Cap. spending for 2018 in theme parks and they had Free Cash Flow of 9.6 Billion Dollars. With the tax reduction, they plan to buy back stock which is great if you own it now. I do this stuff for a living and I can say it was a very positive report in almost all metrics

 

[UNIrd]

From the report:

Theme Parks

Theme Parks revenue increased 8.7% to $1.5 billion in the fourth quarter of 2017 due to higher per capita spending, reflecting the continued success of the The Wizarding World of Harry PotterTM attraction in Hollywood, which opened in April 2016, and the openings of Minion Park™ in Japan in April 2017 and Volcano Bay™ in Orlando in May 2017. Adjusted EBITDA increased 3.2% to $661 million in the fourth quarter of 2017, reflecting higher revenue, partially offset by an increase in operating expenses.

For the twelve months ended December 31, 2017, revenue from the Theme Parks segment increased 10.0% to $5.4 billion compared to 2016, reflecting higher per capita spending and higher attendance. Adjusted EBITDA increased 8.9% to $2.4 billion compared to 2016, reflecting higher revenue, partially offset by an increase in operating expenses, including costs to support new attractions.