Comcast (CMCSA) stock pops as Peacock strength fuels earnings beat

Comcast tops revenue estimates on streaming, theme park boost

January 25, 2024 7:04 AM EST

By Samrhitha A and Helen Coster

NEW YORK (Reuters) -Comcast's quarterly revenue topped Wall Street estimates on Thursday as growth in its streaming and theme parks businesses, including a widely watched NFL playoff game, more than offset further losses of broadband subscribers.

In a call with investors, CEO Brian Roberts appeared to address questions about whether the company will acquire other media assets.

"While there may be speculation of what we could do next, I'd like you to hear it directly from me. I love the company we have. So the bar continues to... More

Comcast (CMCSA) Tops Q4 EPS by 6c

January 25, 2024 7:01 AM EST

Comcast (NASDAQ: CMCSA) reported Q4 EPS of $0.84, $0.06 better than the analyst estimate of $0.78. Revenue for the quarter came in at $31.25 billion versus the consensus estimate of $30.42 billion.

We capped off 2023 and the fourth quarter with excellent operational and financial performance," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.... More

Comcast (CMCSA) Reports Q4, Announces $15B Share Buyback

January 25, 2024 7:01 AM EST

Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended December 31, 2023.

We capped off 2023 and the fourth quarter with excellent operational and financial performance," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. "For the third consecutive year, we generated the highest Revenue, Adjusted EBITDA and Adjusted EPS in our company's history. At the same time, we invested in future growth, returned $16 billion to shareholders and maintained a healthy balance sheet. We drove strong revenue and Adjusted EBITDA growth in our Connectivity & Platforms businesses and continued... More