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Comcast Q4 Beats Street: Peacock Hits 31 Million Subs, $1B In Revenue; Stock Up As Company Boosts Dividend
Comcast saw fourth-quarter net income rise 7.8% to $3.3 billion on adjusted revenue that slipped 3% to $3.4 billion but beat Wall Street estimates. Free cash flow was $1.7 billion vs $1.3 billion. …
Studio Q4 revenue increased, primarily due to higher theatrical including Five Nights at Freddy’s, Trolls Band Together, The Exorcist: Believer and Migration. Comcast “reported the highest Adjusted EBITDA on record at Theme Parks; were the #1 studio in worldwide box office for the first time since 2015; and maintained Peacock’s position as the fastest growing streamer in the U.S. 2024 is already off to a great start – I couldn’t be more proud of how our company came together to deliver a record-breaking NFL Wild Card game on Peacock and the nation’s biggest night on the Internet ever,” Roberts said. “Our unique and complementary capabilities will enable us to capitalize on the many opportunities ahead, and the Board’s confidence in our future is reflected in today’s announcement that we are increasing our dividend for the 16th consecutive year.”
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