Comcast gains (CMCSA) Q4 2024

Comcast Thursday, estimates of the fourth quarter of Wall Street exceeded the company’s broadband company’s revenues of the company gave it a boost despite the loss of customers.

Here is how the company worked for the quarter, compared to the average estimates of LSEG analysts:

• Profit by action: 96 cents adjusted vs 86 cents
• Income: 31.92 billion dollars against $ 31.64 billion

Comcast actions were slightly decreased in trading before marketing.

For the closed quarter on December 31, the net profit attributable to Comcast increased by around 47% to $ 4.78 billion, or $ 1.24 per share, against 3.26 billion dollars, or 81 cents per share , a year earlier.

Adjustment for occasional elements, including the interests of interest and the value of certain assets, Comcast declared a profit per share of 96 cents for the period.

The profits adjusted before interest, taxes, depreciation and damping increased by approximately 10% to 8.81 billion dollars.

In addition to the highest -strip revenues, the overall Compet income increased by 2% to 31.92 billion dollars thanks to an increase in segments, in particular its mobile activity, the film studio and the growth of income to streaming service Peacock. During the fourth quarter of 2023, Comcast declared a turnover of $ 31.25 billion.

While the cable industry has seen the growth of wide -band customers collapse in the last quarters, the company remained a key engine on assessments like Comcast, as prices have increased and average income by user have increased.

Comcast reported on Thursday that he had lost 139,000 large -strip national customers during the fourth quarter, as the CEO of Comcast Cable Dave Watson warned him at a conference on investors in December.

The large-band unit is part of the Comcast connectivity and platforms segment, which also includes Xfinity Mobile Wireless, which was launched in 2017. The company exceeded 7.8 million mobile lines and the income of The unit helped to propel the global income from residential connectivity.

Comcast lost 311,000 cable television customers during the fourth quarter.

Meanwhile, business and experienced business business income, which includes television networks and Nbcuniversal streaming, the cinema studio and themed parks, increased by 5% to reach around 12, $ 08 billion in the fourth quarter.

Income from the media segment, which includes television networks, increased by 3.5% to reach around $ 7.22 billion, namely higher income to streamer Peacock due to an increase in paid subscribers on The platform of the previous year. The global national advertising for the media segment was stable as advertising dollars for Peacock increased, but television networks have experienced a smaller transport.

In November, Comcast announced that it would derive its cable network channels, a wallet that includes CNBC, MSNBC, E!, Syfy, USA, Oxygen and The Golf Channel. The separation, which will also include digital assets like Fandango and Rotten Tomatoes, should take about a year. The NBC broadcast network, the Bravo and Peacock cable channel will remain with Comcast.

Comcast reported that Peacock had 36 million subscribers paid in the fourth quarter, flat compared to the previous period.

Peacock has evolved towards profitability during recent quarters. The Streamer, which was motivated by live sports such as the summer Olympic Games and the NFL, reported $ 1.3 billion in revenues in the fourth quarter and an adjusted ebitda loss of $ 372 million, against $ 1 billion in revenues and an adjusted ebitda loss of $ 825 million in the number of $ 825 million in adjusted Ebitda of $ 825 million in the same period last year.

Universal studios revenues increased by 6.7% to 3.27 billion dollars and the adjusted Baiia in the segment increased by $ 569 million, stimulated by box office successes, including “including” Kung Fu Panda 4 “,” Despicable Me “”, “The Wild Robot Wild” and “Wicked. “”

Meanwhile, income from themed parks were stable because the lowest attendance persisted in national locations.

Disclosure: Comcast has nbcuniversal, the parent company of CNBC. NBCUniversal has NBC SPORTS AND NBC Olympics. The NBC Olympic Games are the holder of the US broadcasting rights in all summer and winter matches until 2032.