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Comcast's Q4 Earnings and Revenue Beat Powered By Peacock, Theme Parks

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Key Takeaways

  • Comcast's fourth quarter earnings of $3.26 billion or 81 cents per diluted share beat analyst expectations.
  • Revenue grew 2.3% from a year earlier to $31.25 billion, with Peacock quarterly revenue crossing $1 billion for the first time.
  • Peacock added 3 million subscribers in the quarter, while theme park revenue rose 12.2%.

Comcast's (CMCSA) fourth quarter earnings and revenue surpassed analyst expectations, driven by gains in Peacock streami✤ng services and its theme parks business. The company's 𒆙shares jumped over 4% in early trading Thursday.

Comcast reported $3.26 billion in net income or 81 cents per diluted share, higher than 澳洲幸运5官方开奖结果体彩网:analyst consensus compiled💫 by Visible Alpha. In the year-ago quarter, those figures stood at $3 billion and 70 cents per share, respectively.

Revenue grew 2.3% year-over-year to $31.25 billion, above the $30.6 billion analysts pegged for the quarter, driven by a 12.2% increase in theme park revenue stemming from the success of Super Nintendo World in Hollywood. Comcast's Peacock streaming platform also recorded its first quarter with more than $1 billion in revenue.

Q4 2023 Analyst Estimates for Q4 2023 Q4 2022 Year-over-year % change
Revenue $31.25 billion $30.4 billion $30.6 billion  2.3%
Diluted Earnings Per Share $0.81 $0.70 $0.70  15.7%
Net Income $3.26 billion $2.8 billion $3.02 billion  7.8%

Key Metrics: Subscribers

Comcast continued to lose residential broadband customers in the quarter. It added 3 million Peacock subscribers in the quarter, but that's a lower number compared to the 5 million it added in the final quarter of 2022.

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