Comcast Corp ( (CMCSA) ) has released its Q4 earnings. Here is a breakdown of the information Comcast Corp presented to its investors.
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Comcast Corporation is a global media and technology company providing broadband, wireless, and video services through brands like Xfinity and NBC, and operates in sectors including entertainment and theme parks.
Comcast reported its strongest financial results in history for the fourth quarter of 2024, achieving record revenue, EBITDA, and EPS alongside a significant increase in free cash flow. The company highlighted achievements across its six growth areas, including connectivity and mobile line additions, while also seeing notable growth in its studios and streaming service, Peacock.
Key financial metrics showed a 2.1% increase in revenue for the fourth quarter compared to the previous year, with net income rising by 46.6% due to a tax benefit from an internal reorganization. Adjusted EBITDA increased by 9.9%, and earnings per share surged by 54.1% to $1.24. Furthermore, Comcast returned $3.2 billion to shareholders and announced a 6.5% increase in its annual dividend. The company also saw strong performances in its media and studio divisions, with Peacock revenue up by 46% and significant box office success. However, domestic video customer numbers saw a decline.
Looking forward, Comcast plans to enhance its business through strategic acquisitions and new ventures, such as the upcoming launch of Epic Universe and a renewed focus on sports broadcasting. Management expresses confidence in the company’s continued growth trajectory, as evidenced by the increase in dividend payments.
