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Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Provides Boost, Peacock Trims Losses; Stock Slumps On Broadband Losses – Update
Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, as 'Wicked' boosted NBCUniversal studio results.
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. 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.
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