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

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Source: CNBC
"Comcast's Q4 Performance: Revenue Tops Estimates Despite Subscriber Losses"
Photo: CNBC
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.

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