Comcast (CMCSA) Tops Q4 EPS by 6c

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. "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 to expand and upgrade our network to fuel broadband. We also 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. 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."

For earnings history and earnings-related data on Comcast (CMCSA) click here.

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