DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Boosts Studio Results, Peacock Trims Losses

January 30, 2025
in News
Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Boosts Studio Results, Peacock Trims Losses
527
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

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 3.5% 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%.

Watch on Deadline

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 million, less than half the level of the year-ago quarter. Subscriber levels stayed at 36 million, the same number as the third quarter.

Comcast shed 389,000 domestic video customers to end the year at 12.5 million. Charter Communications last year overtook Comcast as the No. 1 pay-TV operator in the U.S., though higher-margin businesses like broadband and wireless have become the strategic focus.

In the company’s earnings release, CEO Brian Roberts called the full-year 2024 results “the best financial performance in our company’s 60-year history, with record revenue, EBITDA and EPS along with significant free cash flow.”

The quarterly report comes two months after the company announced plans to spin off most of its cable TV networks into a new, stand-alone company. That transaction is expected to be completed by the end of the year.

NBCU has also been in restructuring mode, with Donna Langley and Matt Strauss overseeing a revamp of the org chart after rising to new roles. Peacock chief Kelly Campbell and NBCU unscripted chief Corie Henson both departed in a newer version of the vertical integration strategies previously implemented in the media business.

The post Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Boosts Studio Results, Peacock Trims Losses appeared first on Deadline.

Tags: ComcastEarningsnbcuniversal
Share211Tweet132Share
Aldrich Potgieter Joins Tiger Woods, Jordan Spieth in PGA Tour History
Golf

Aldrich Potgieter Joins Tiger Woods, Jordan Spieth in PGA Tour History

by Newsweek
June 29, 2025

The Rocket Classic provided an exciting finish that never wanted to end on Sunday. Ultimately, Aldrich Potgieter outlasted both Chris ...

Read more
News

Scarlett Johansson Recalls “A Lot” Of Female Roles Centering “Male Gaze” Early In Her Career

June 29, 2025
Crime

Multiple firefighters ‘attacked’ while responding to fire in North Idaho

June 29, 2025
News

Millions of 4th of July travelers face potential storm-related delays across US

June 29, 2025
News

Candace Parker did it her way and the Sparks retire the 2-time MVP’s jersey

June 29, 2025
Dodgers’ Hernández and Smith homer, Wrobleski pitches 6 innings of 3-hit ball in 5-1 win over Royals

Dodgers’ Hernández and Smith homer, Wrobleski pitches 6 innings of 3-hit ball in 5-1 win over Royals

June 29, 2025
Song for the Mute Reworks the Samba and Tokyo Sneakers

Song for the Mute Reworks the Samba and Tokyo Sneakers

June 29, 2025
Decatur hemp business closing ahead of new law going into effect Tuesday

Decatur hemp business closing ahead of new law going into effect Tuesday

June 29, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.