Comcast reported a strong financial performance with record revenue and earnings, driven by growth in wireless, business services, and streaming. However, the company faces challenges in broadband subscriber growth due to intense competition. The overall sentiment reflects a balanced outlook with significant achievements but also notable challenges that need to be addressed.

Company Guidance

During Comcast's Fourth Quarter and Full-Year 2024 Earnings Conference Call, the company shared impressive financial results and strategic guidance for 2025. They reported record revenue of $124 billion and adjusted EBITDA of $38 billion for 2024, with adjusted EPS growing by 9% and free cash flow reaching $12.5 billion. Despite a competitive environment, broadband revenue grew by 3%, and convergence revenue increased by nearly 5%. For 2025, Comcast plans to focus on expanding its wireless offerings and enhancing its broadband network capabilities, which include boosting Xfinity Mobile speeds and implementing AI in their network. The company also announced the creation of SpinCo, which will spin off cable TV networks and digital assets, allowing NBCUniversal to focus on streaming and broadcast. Comcast continues to invest in its growth drivers, with an emphasis on maintaining a healthy balance sheet and returning capital to shareholders, as demonstrated by their $13.5 billion capital return in 2024.

Record Revenue and EBITDA

Comcast achieved record revenue of $124 billion and record adjusted EBITDA of $38 billion in 2024.

Strong EPS Growth

Adjusted EPS grew by 9% and Comcast generated substantial free cash flow of $12.5 billion.

Wireless and Business Services Growth

Wireless revenue grew at a mid-teens rate with 1.2 million new lines added, reaching 7.8 million total. Business Services revenue grew at mid-single digit rates, reaching nearly $10 billion.

Streaming and Studio Success

Peacock's EBITDA losses improved by $1 billion. The Studio business ranked second in global box office for the third consecutive year.

Theme Parks and New Developments

Strong performance across global parks and preparation for the opening of Epic Universe in May.

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Comcast (IT:1CMCSA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IT:1CMCSA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 0.63	0.501	25.00% (+0.13)	―	―
Oct 25, 2018	2018 (Q3)	- / 0.63	0.501	25.00% (+0.13)	―	―
Jan 23, 2019	2018 (Q4)	- / 0.62	0.472	30.61% (+0.14)	―	―
Apr 25, 2019	2019 (Q1)	- / 0.73	0.597	22.58% (+0.13)	―	―
Jul 25, 2019	2019 (Q2)	- / 0.75	0.626	20.00% (+0.13)	―	―
Oct 24, 2019	2019 (Q3)	- / 0.76	0.626	21.54% (+0.13)	―	―
Jan 23, 2020	2019 (Q4)	- / 0.76	0.616	23.44% (+0.14)	―	―
Apr 30, 2020	2020 (Q1)	- / 0.68	0.732	-6.58% (-0.05)	―	―
Jul 30, 2020	2020 (Q2)	- / 0.66	0.751	-11.54% (-0.09)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.63	0.761	-17.72% (-0.13)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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IT:1CMCSA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	€36.20	€31.41	-13.23%
Oct 31, 2024	€38.65	€39.76	+2.86%
Jul 23, 2024	€35.33	€33.86	-4.17%
Apr 25, 2024	€36.69	€34.55	-5.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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