Comcast Capex surges 30% to $2.8 bn in Q3

Comcast Corporation announced that its capital expenditures (Capex) increased 30.3 percent to $2.8 billion in the third quarter of 2022.
Comcast revenue Q3 2022
Comcast said Cable Communications’ capital expenditures increased 20.8 percent to $2.0 billion. NBCUniversal’s capital expenditures increased $385 million to $614 million. Sky’s capital expenditures decreased 39.8 percent to $96 million.

Comcast said Capex grew 14.9 percent to $7.1 billion in the nine months ended September 30, 2022. Cable Communications’ Capex increased 9 percent to $5.2 billion. NBCUniversal’s Capex rose $799 million to $1.4 billion. Sky’s Capex decreased 39.3 percent to $373 million.

Comcast said Capex for Cable Communications grew 20.8 percent to $2.0 billion in the third quarter of 2022, reflecting investment in line extensions, customer premise equipment, scalable infrastructure and support capital.

Comcast said cable Capex represented 12.2 percent of Cable revenue in the third quarter of 2022 compared to 10.4 percent in the prior year period.

Comcast said Cable Capex increased 9.0 percent to $5.2 billion for the nine months ended September 30, 2022, reflecting increased investment in line extensions, scalable infrastructure, support capital and customer premise equipment. Cable capital expenditures represented 10.4 percent of Cable revenue compared to 9.9 percent in 2021.

Cable Capex intensity was 10.4 percent. Cable Capex intensity will be around 11 percent for the year, says David N. Watson, President & CEO of Comcast Cable.