Comcast Q4 2024 Managed: “Wicked” stimulates the studio results

Updated with the drop in stock. Comcast closed in 2024 with a solid district, easily beating Wall Street estimates, but its actions fell due to the drop in its wide -band activity.

Revenues of $ 31.9 billion exceeded street expectations for 31.6 billion dollars, up 2% over the period of the previous year, while the profit adjusted by 96 cents action was a Centime better than consensual forecasts.

Despite the information on optimistic profits, Comcast actions fell up to 10% at the opening time of the negotiation day – a dramatic decision for a stock that is generally traveling by fractional increments. The culprit seemed to be wide -band losses. The company has lost 139,000 wide -band customers, much more than analysts expected, because the long -standing financial replacement has shown the impact of Rivals of Fibers at & T and Verizon set up on the lawn of Comcast.

In the Content & Experiences division, revenues increased by 5% to $ 7.2 billion, the growth in distribution stimulating the media segment. The studios unit experienced a burst of 85% on the other in EBITDA and income growth from 7% to 3.27 billion dollars thanks to the performance of the box office of Wicked And The wild robot.

The lower frequentation of the domestic theme park has kept the revenues at the parks’ apartment, while the EBITDA sowed 4%.

Peacock, the company’s nearly 5 -year streaming service is not yet breaking, but income has jumped 28% during the quarter to $ 1.3 billion. EBITDA losses have reached $ 372 million, less than half of the quarter level of the previous year. The subscribers’ levels remained at 36 million, the same number as the third quarter.

Comcast lost 311,000 national video customers, an improvement compared to the decrease of 389,000 from the previous year to finish the year at 12.5 million. Last year, charter communications exceeded Comcast as a n ° 1 paid television operator in the United States, although higher margin companies like broadband and wireless have become the strategic objective.

In the press release of the company’s results, CEO Brian Roberts qualified the results of the full year of 2024 “The best financial performance of the history of 60 years of our company, with record income, a EBITDA and a BPA as well as significant available cash flows. ”

The quarterly report occurs two months after the company has announced its intention to run most of its cable television networks in a new autonomous business. This transaction should be carried out by the end of the year.

NBCU was also in restructuring mode, Donna Langley and Matt Strauss supervising a overhaul of the organization of organizations after reaching new roles. Peacock head of Peacock Kelly Campbell and the NBCU chef Coririe Henson, both left in a new version of the vertical integration strategies previously implemented in the media sector.