Pom The fourth quarter estimated in Wall Street was topped on Thursday, as the company’s bold revenue gave her a batch despite losing customers.
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
- profit: 31.92 billion dollars for 31.64 billion dollars
COMCAST shares decreased by more than 2 % in the pre -market trade.
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 increased sectors including its mobile business, film studio and the growth of revenue in Prelass Service Peacock. During the fourth quarter of 2023, Comics recorded revenues of $ 31.25 billion.
Although the cable industry has witnessed a decline in the growth of bold customers in the last quarters, the company has remained a major engine in the public budget such as COMCAST with high prices and the average revenue for each user increased.
Kumkast said on Thursday that it lost 139,000 local domain customers during the fourth quarter, and Dave Watson, CEO of Kumkast Kabul, warned during a conference of investors in December.
The wide range of broadcasting unit is part of the communication sector and platforms in Comcast, which also includes Xfinity Wireless, which was launched in 2017. The company helped 7.8 million mobile lines and revenues from the unit helped pay comprehensive residential communication revenues.
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 high revenue of Peacock Peacock due to the increase in subscribers on the platform of 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 announced that it would transmit cable network channels, a portfolio 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.
Comcast stated that Peacock had 36 million paid subscribers in the fourth quarter, an apartment from the previous period, and shortcuts in the street of 37.56 million.
The peacock was heading towards profitability in the last quarters. The banner, which was driven by live sports such as the Summer Olympics and the US Football Association, reached $ 1.3 billion in the fourth revenue and the modified EBITDA loss of $ 372 million, compared to one billion dollars in revenue and a modified EBITDA loss of $ 825 million in the same period last year.
Universal Studios revenues increased by 6.7 % to $ 3.27 billion, modified EBITDA in the sector increased by 85 % to $ 569 million, backed by box office successes in movies including “Kung Fu Panda 4”, “Despable Me 4,” The Wild Robot And “the wicked”.
Meanwhile, the revenue of the entertainment gardens was fixed as the low presence in local sites continued.
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.
