Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates.
Revenue of $31.9 billion topped the Street’s expectations for $31.6 billion, rising 2% over the year-ago period, while adjusted earnings per share of 96 cents were a dime better than the consensus forecast.
In the Content & Experiences division, revenue rose 5% to $7.2 billion, with distribution growth pacing the Media segment. The Studios unit saw a 85% year-over-year burst in EBITDA and 7% revenue growth to $3.27 billion thanks to the box office performances of Wicked and The Wild Robot.
Lower domestic theme park attendance kept revenue at the parks unit flat, while EBITDA sagged 4%.
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Peacock, the company’s nearly 5-year-old streaming service, is still not yet breaking even but revenue jumped 28% in the quarter to $1.3 billion. EBITDA losses came in at $372
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