Comcast's pro forma consolidated revenue for the first quarter of 2025 was $28.4 billion, showing a slight decrease of 0.4% compared to the same period in 2024. The connectivity and platforms segment also experienced a marginal decrease in revenue of 0.4%.
However, the domestic wireless service revenue saw a significant increase of 14.1% in the first quarter of 2025 compared to the same period in 2024, reaching $3.6 billion. Additionally, the domestic convergence revenue increased by 2.2% during the same period, totaling $29.4 billion.
In terms of residential connectivity, the total customer relationships decreased by 919,000 in the first quarter of 2025, indicating a challenging period for customer retention. The total residential connectivity and platforms customer relationships net losses were primarily driven by decreases in domestic broadband and domestic video customers.
The adjusted EBITDA for the connectivity and platforms segment decreased by 1.4% in the first quarter of 2025 compared to the same period in 2024, amounting to $32.1 billion.
The company also made several updates to its presentation of customer metrics, including adding total residential connectivity and platforms customer relationships and net additions (losses) and removing certain business services connectivity customer metrics.
Today the company's shares have moved -1.87% to a price of $27.82. For more information, read the company's full 8-K submission here.
