Comcast (CMCSA) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the quarter, continuing a pattern of fluctuating performance. The decrease was evident in both the sequential and annual comparisons.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the quarter, continuing a pattern of fluctuating performance. The decrease was evident in both the sequential and annual comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$29.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.8%
Change from the immediately preceding quarter.
Year-over-year
-4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$120.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $30B | +5.1% |
| Sep 30, 2022 | $29.8B | -1.5% |
| Dec 31, 2022 | $30.6B | +0.7% |
| Mar 31, 2023 | $29.7B | -4.3% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter and also below the figure from the same quarter one year earlier.
Quarterly comparison
Sequentially, revenue fell from the prior quarter's level. On an annual basis, revenue was down compared to the same period a year ago.
What to watch
The company maintains strong operating cash flows and liquidity, which provides financial flexibility despite the revenue decline.