Comcast (CMCSA) Gains Q4 2024

Comcast He exceeded the estimates of the fourth quarter of Wall Street on Thursday, since the company’s broadband business revenues gave him an impulse despite the loss of customers.

This is how the company for the quarter, compared to the average estimates of LSE analysts:

• Profit per action: 96 tight cents against 86 cents
• Revenue: $ 31.92 billion compared to $ 31.64 billion

Comcast actions were slightly low in the negotiation prior to the market.

For the quarter ending on December 31, the net income attributable to Comcast increased approximately 47% to $ 4.78 billion, or $ 1.24 per share, compared to $ 3.26 billion, or 81 cents per share, a year earlier.

Adjusting the unique articles, including interest expenses and the value of certain assets, Comcast reported profits per action of 96 cents for the period.

Added profits before interest, taxes, depreciation and amortization increased approximately 10% to $ 8.81 billion.

In addition to the highest broadband income, the general revenues of Comcast increased 2% to $ 31.92 billion thanks to an increase in segments, including its mobile business, the film study and the growth of income in the service of Peacock transmission. During the fourth quarter of 2023, Comcast reported revenues of $ 31.25 billion.

While the cable industry has seen broadband customer growth depression In the last quarters, the business has remained a key driver in the balance sheets such as those of Comcast, since prices have increased and the average income per user has increased.

Comcast on Thursday that he lost 139,000 national broadband customers during the fourth quarter, as the CEO of Comcast Cable Dave Watson had done warned during an investor conference in December.

Broadband unit is part of the connectivity segment and Comcast platforms, which also includes Xfinity Mobile Wireless, which was launched In 2017. The company exceeded 7.8 million mobile lines and unit’s revenues helped boost general revenue of residential connectivity.

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

Meanwhile, the income for the company’s content and experience business, which includes television networks and NBCuniversal transmission, the film study and theme parks, rose 5% to approximately $ 12.08 billion during the room during the room quarter.

Revenue for the media segment, which includes TV networks, increased 3.5% to approximately $ 7.22 billion, namely due to the highest income for streamer Peacock due to an increase in subscribers paid on the platform The previous year. The general national advertising for the media segment was flat as advertising dollars for Peacock increased, but television networks saw a smaller tour.

In November, Comcast announced It would turn its cable network channels, a wallet that includes CNBC, MSNBC, E!, Syfy, USA, Oxygen and the Golf Canal. The separation is expected to also include digital assets such as Fandango and Rotten Tomatoes, take approximately one year. The NBC transmission network, the Bravo and Peacock cable channel will remain with Comcast.

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

Peacock has been advancing towards profitability in the last quarters. The streamer, which has been promoted by live sports such as the Summer and NFL Games, reported $ 1.3 billion in revenues of the fourth quarter and a loss of adjusted Ebitda of $ 372 million, compared to $ 1 billion in income and a loss of adjusted Ebitda of $ 825 million in the same period last year.

The income of Universal Studios increased 6.7% to $ 3.27 billion and the adjusted ebitda of the segment increased by 85% to $ 569 million, driven by the hits of the box office of the films, including “Kung Fu Panda 4”, “available Me 4 “,” The Wild Robot “and” Evil. ”

Meanwhile, the income of the thematic parks were flat as a lower assistance persisted In domestic places.

Disclosure: Comcast has NBCuniversal, the CNBC parent company. Nbcuniversal has NBC Sports and the NBC Olympic Games. NBC Olympics is the head of US transmission rights for all summer and winter games until 2032.