NASDAQ$CMCSA
Comcast Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Comcast reported record revenue, EBITDA and EPS, driven by growth in connectivity revenue, mobile line additions, and strong performance from Studios and Peacock.
Comcast Corporation reported strong Q4 2024 results, with record revenue, EBITDA, and EPS. The company saw growth in connectivity revenue, driven by domestic broadband, domestic wireless, international connectivity and business services. Peacock's revenue increased significantly, and NBC Sports had its most-watched year since 2016. The company also announced an increase in its dividend and a new share repurchase program.
- Consolidated Adjusted EBITDA increased by 9.9% in Q4.
- Peacock revenue increased by 28% in Q4.
- Studios Adjusted EBITDA increased by 85% in Q4.
- Connectivity revenue increased 4.9% to $11.5 billion.
Headline financials
Revenue & EPS history
Comcast · Revenue · Quarterly
$31.9B
Revenue by segment
Comcast · $31.2B total across 5 segments · Q3 2023
- Residential Connectivity$18B+8.5%57.5%
- Media$6.03B+15.3%19.3%
- Studios$2.52B-20.4%8.1%
- Theme Parks$2.42B+17.2%7.7%
- Business Services Connectivity$2.32B—7.4%
Forward guidance
Comcast is positioning itself for future growth by focusing on its six growth businesses, including connectivity, mobile, business services, studios, and Peacock. The company is also excited about the upcoming acquisition of Nitel, the opening of Epic Universe, and the return of the NBA and WNBA to NBC and Peacock.
Tailwinds
- Continued growth in connectivity revenue.
- Expansion of mobile line additions.
- Strong performance from Studios with a #2 ranking in worldwide box office.
- Peacock's revenue growth driven by diverse content.
- Increased dividend for the 17th consecutive year.
Headwinds
- Intensely competitive environment in the connectivity space.
- Pre-opening costs for Universal Epic Universe impacting Theme Parks Adjusted EBITDA.
- Decline in domestic video customers.
- Headwinds from cord-cutting affecting video revenue.
- Uncertainties related to the spin-off of select cable television networks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.1%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+13.3%
Q1 2023
Best reaction
-13.5%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -5.9% | -14.2% | |
| Q4 2025 | +2.8% | +4.8% | +9.0% | |
| Q3 2025 | -5.2% | -3.8% | -6.4% | |
| Q2 2025 | +2.2% | +0.0% | +4.5% | |
| Q1 2025 | -3.7% | -1.5% | +0.1% | |
| Q4 2024 | -11.0% | -10.2% | -4.0% | |
| Q3 2024 | +3.1% | +0.8% | +2.2% | |
| Q2 2024 | -3.6% | +0.4% | -0.3% | |
| Q1 2024 | -4.1% | -5.2% | -4.2% | |
| Q4 2023 | +5.6% | +6.5% | -4.3% | |
| Q3 2023 | -7.3% | -3.4% | -0.4% | |
| Q2 2023 | +5.4% | +5.6% | +6.0% | |
| Q1 2023 | +13.3% | +12.8% | +8.1% | |
| Q4 2022 | -1.2% | -1.9% | -7.7% | |
| Q3 2022 | +1.4% | +0.2% | +13.2% | |
| Q2 2022 | -13.5% | -13.1% | -15.1% | |
| Q1 2022 | -10.6% | -9.2% | -0.7% | |
| Q4 2021 | +2.6% | +3.1% | -2.9% | |
| Q3 2021 | -1.9% | +0.4% | -2.6% | |
| Q2 2021 | +1.5% | +0.4% | +2.4% | |
| Q1 2021 | +3.8% | +4.7% | +6.0% | |
| Q4 2020 | +2.4% | +5.7% | +8.9% | |
| Q3 2020 | +0.6% | +1.5% | +23.3% | |
| Q2 2020 | -2.5% | -1.6% | +1.5% | |
| Q1 2020 | -5.2% | -7.6% | +1.5% | |
| Q4 2019 | -6.0% | -7.2% | -3.4% | |
| Q3 2019 | -0.2% | -0.8% | -2.0% | |
| Q2 2019 | -0.5% | -1.8% | -5.4% | |
| Q1 2019 | +2.9% | +4.0% | +2.0% | |
| Q4 2018 | +3.6% | +1.1% | +10.4% | |
| Q3 2018 | +3.3% | +10.5% | +9.6% | |
| Q2 2018 | +5.0% | +7.1% | +9.2% | |
| Q1 2018 | -0.1% | -5.9% | -4.8% | |
| Q4 2017 | -0.7% | -1.1% | -6.9% | |
| Q3 2017 | -0.1% | -2.2% | -2.6% | |
| Q2 2017 | +0.4% | +2.5% | +2.2% | |
| Q1 2017 | +1.0% | +1.4% | +5.5% | |
| Q4 2016 | +3.4% | +2.7% | +3.2% | |
| Q3 2016 | -4.7% | -4.2% | +7.2% | |
| Q2 2016 | +1.0% | +0.5% | -2.5% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -3.6% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | +0.8% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | +7.3% | — | — | |
| Q1 2013 | +2.0% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q3 2012 | +3.2% | — | — | |
| Q2 2012 | +4.9% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +1.5% | — | — | |
| Q2 2011 | -4.1% | — | — | |
| Q1 2011 | -2.0% | — | — | |
| Q4 2010 | +3.3% | — | — | |
| Q3 2010 | +6.2% | — | — | |
| Q2 2010 | -0.9% | — | — | |
| Q1 2009 | +8.3% | — | — | |
| Q1 2010 | +8.3% | — | — | |
| Q4 2007 | +1.4% | — | — | |
| Q2 2009 | +1.4% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q3 2009 | -2.2% | — | — | |
| Q3 2008 | -2.2% | — | — | |
| Q4 2008 | -0.7% | — | — | |
| Q2 2008 | -0.7% | — | — |
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