"Comcast's Q4 Performance: Revenue Tops Estimates Despite Subscriber Losses"

TL;DR Summary
Despite losing broadband subscribers, Comcast exceeded revenue and profit estimates in the fourth quarter, leading to a 7% increase in its dividend. The company's net income rose 7.8% to $3.26 billion, with revenue increasing 2.3% compared to the prior-year period. Comcast also reported the highest adjusted EBITDA on record at its theme parks and saw significant growth in its streaming service, Peacock. Additionally, NBCUniversal's flagship streaming service added 3 million subscribers, marking the first time it has topped $1 billion in a quarter, despite increased sports programming costs and higher programming costs.
- Comcast tops revenue and profit estimates despite broadband subscriber losses, raises dividend by 7% CNBC
- Comcast Sees Q4 Profit Rise 8% On Business Services, Peacock, Theme Parks Variety
- Comcast Lost Over 389,000 TV Customers & Lost 34,000 Internet Customers in Q4 2023 as Cord Cutting is Speeding Up Cord Cutters News
- Exploring Analyst Estimates for Comcast (CMCSA) Q4 Earnings, Beyond Revenue and EPS Yahoo Finance
- Comcast tops revenue estimates as streaming, theme park growth offset broadband decline The Star Online
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