Comcast Reports 1st Quarter 2020 Results



PHILADELPHIA, PA (STL.News) Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2020.

Society is being challenged like never before in our lifetime, and I couldn’t be prouder of our company, our employees, and our leadership team across Comcast Cable, NBCUniversal, and Sky.  Now more than ever the world needs to stay connected, and we’re extremely pleased that our investments in our network continue to pay off as we are handling significant increases in traffic and meeting our customers’ needs.  While parts of our business have been more impacted by COVID-19 than others, we have continued to innovate.  We are distributing our content in new ways, as evidenced by the recent launch of Peacock on X1 and Flex.  We’ve also taken decisive action, having moved over 95% of our U.S. call-center employees to work from home and putting in place new procedures that have allowed more than 15,000 construction workers to safely come back to work to build our theme park in Beijing.  All the divisions of our company are in constant communication, and the level of collaboration has been extraordinary.  We have a strong balance sheet, terrific portfolio of assets, and a world-class management team.  This is a moment in time; and when it passes, I am very confident that the decisions we are making now will enable us to emerge from this crisis as a healthy, strong company that is well positioned to continue to grow and succeed,” commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.

NOTE: this is NOT the complete release.

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