Crispr Therapeutics shares tumble after significant earnings miss
Investing.com -- Comcast Corp (NASDAQ:CMCSA) reported fourth-quarter top and bottom lines above analyst expectations, though the company’s shares still fell 1% in premarket trading Thursday following the print’s release.
The mass media giant disclosed quarterly earnings per share (EPS) of $0.96, beating consensus expectations of $0.86.
Revenue for the period came in at $31.92 billion, also above the $31.61 billion projected by analysts. Peacock revenue rose 28% from the prior year to $1.32 billion, slightly below the anticipated $1.36 billion.
Comcast said adjusted EBITDA grew 9.9% year-over-year to $8.81 billion, also surpassing the estimated $8.49 billion.
Free cash flow surged 91% year-over-year to $3.26 billion, coming in ahead of the estimated $2.74 billion.
“We had the best financial performance in our company’s 60-year history with record revenue, EBITDA and EPS along with significant free cash flow," said Brian L. Roberts, Chairman and CEO of Comcast Corporation.
"Driving these results were the many accomplishments our teams have made across our six growth businesses, including 5% connectivity revenue growth in an intensely competitive environment, another 1.2 million mobile line additions, and a 5% increase in revenue for Business Services."
"Looking ahead to 2025, we are excited about our Comcast Business acquisition of Nitel, the opening of Epic Universe and bringing the NBA and WNBA back to NBC and on Peacock," he added.
Comcast raised its annual dividend by 6.5% to $1.32 per share for 2025. The Board declared a quarterly dividend of $0.33 per share, payable on April 23 to shareholders on record as of April 2.