Comcast (CMCSA) Q4 2024 profits

Pom The fourth quarter of the Wall Street topped Thursday despite reporting larger losses than the subscribers of the wide range and subscribers paid in the broadcast service, PEACOCK.

The Wall Street focuses especially on the bold companies of cable companies, which are still in income and high profits but were in the midst of customer growth due to the high competition from wireless companies, among other factors.

At the same time, the flow was at the top of the mind to the street. Although profitability is now the main measure of success, investors have I took a note of the recent subscriber additions By the main players since the provision of cheaper levels.

Kumkast said on Thursday that it lost 139,000 customers of the residential wide range during the fourth quarter, or more than 100,000 losses that was the CEO of Comcast Cable Dave Watson After Telegraph in December during a conference of investors.

In the investor’s call on Thursday, the president of the comics of the investor said on Thursday that the bold losses were “disappointing and worse than what we referred to in early December.”

The company also stated on Thursday that Peacock had 36 million subscribers during the last quarter, an annual but flat basis from the previous period. Wall Street was looking for the total paid subscribers of 37.56 million, according to street estimates.

Komca shares fell 11 % Thursday.

Here how Company For a quarter, compared to the average estimates of analysts from LSEG:

• Arrow’s profits: 96 cents was seized for 86 cents expected
• profit: 31.92 billion dollars for 31.64 billion dollars expected

For the quarter ending on December 31, net income, which is due to Komca, increased by 47 % to $ 4.78 billion, or $ 1.24 per share, compared to $ 3.26 billion, or 81 cents per share, a year ago.

By amending the elements for one time, including interest expenses and the value of some assets, Comcast has reported one share profits of 96 cents for this period.

The modified profits before interest, taxes, destruction and firefighting increased by about 10 % to 8.81 billion dollars.

In addition to the increase in broader revenues, COMCAST’s total revenue increased by 2 % to $ 31.92 billion, thanks to the increase in sectors including its mobile works, film studio and the growth of revenue in Preming Service Peacock. During the fourth quarter of 2023, Comics recorded revenues of $ 31.25 billion.

despite Slow down In the broadband industry in the cable industry, the work is a major driver on public budgets such as COMCAST and the average revenue for each user has risen.

The wide range is part of the Comcast and platforms sector, which also includes Xfinity Wireless, which was Firing In 2017, the company exceeded 7.8 million phone calls, and revenues from the unit helped pay residential revenues in general.

CEOs at Komca said on Thursday that the company will take place Focus converted to mobile phone business In a batch to add more lines and assemble them with wide range. Watson said on Thursday that the company “will put the pedal” in the mobile phone effort in the second quarter.

Comcast 311,000 cable customers lost during the fourth quarter.

Meanwhile, the company’s content revenues and its experiences, which include NBCuniversal and Strofing TV networks, film studio and entertainment gardens, increased by 5 % to about $ 12.08 billion during the fourth quarter.

The revenue of the media sector, which includes television networks, increased by 3.5 % to about 7.22 billion dollars, due to the rise in peacock revenues due to the rise in the platform in the previous year. The general domestic advertisement of the media sector was flat as the dollars in the ads increased, but the TV networks witnessed a smaller distance.

The media sector has reached $ 298 million in the modified Ebitda, and Wall Street expected, which amounted to $ 317.1 million per quarter, was reduced, according to estimates of street street. The rest of the companies in the content and expertise sector overcame the estimates of street street, including EBITDA in general.

In November, Komca Declare You will rotate its Cable Cable Channels, a wallet that includes CNBC, MSNBC and E! SYFY, Usa, Oxygen and Golf Channel. It is expected that the separation, which will also include digital assets like Fandango and Rotten Tomatoes, will take around a year. The NBC, Bravo and PEACOCK broadcast network will remain with Comcast.

The peacock was heading towards profitability in the last quarters. On Thursday, Comcast stated that Peacock made $ 1.3 billion of revenues in the fourth quarter and a modified EBITDA loss of $ 372 million, compared to one billion dollars in revenues and the loss of its EBITDA 825 million amendment in the same period last year.

PEACOCK joint growth often rises against the background of the main sporting events on the platform. The Summer Olympic Games in Paris were a major driver in the third quarter, when the platform added 3 million subscribers. The exclusive US Football Association games helped put signs numbers, and the company described the addition of the American Professional League and WNBA next season.

Universal Studios revenues increased by 6.7 % to $ 3.27 billion, modified EBITDA in the sector increased by 85 % to $ 569 million, supported by box office success And “the wicked”.

Meanwhile, the revenue of the entertainment gardens was flat with a decrease in the audience Continued In local sites.

Disclosure: COMCAST NBCUNIVERISAL, CNBC’s parental company. NBCUNIVERSAL owns NBC SPORTS and NBC Olympics. NBC Olympics is the American broadcasting rights holder in all summer and winter games until 2032.