Comcast beat Wall Street expectations for its fourth quarter of 2024 as Peacock continued to narrow its losses and "Wicked" helped the studios business defy gravity with an 85% increase in profit to $569 million.

Comcast executives touted upcoming split to Wall Street as cable networks prepare to separate from the rest of NBCUniversal.

Revenue rose 2% to $31.92 billion, generated by increases in its U.S. wireless operations, the success of “Wicked” and “The Wild Robot” at the box office and subscriptions at Peacock. Revenue from the company’s cable and connectivity business was basically flat.

Comcast, led by chairman and CEO Brian Roberts, reported fourth-quarter and full-year results for its entertainment unit and other operations.

Comcast has reported results for the quarter ended December 31st 2024. Consolidated revenue was up 2.1 per cent at $31.9 billion (€30.5bn) whilst full year re

Comcast leaders talked up a 'broadcast-plus-streaming' strategy for NBCUniversal after the cable spinoff, as outlined on Thursday's Q4 earnings call.

Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, as 'Wicked' boosted NBCUniversal studio results.

Streaming” is The Fly’s weekly recap of the stories surrounding the biggest content streamers. Invest with Confidence: Follow

Comcast reported 4Q revenue of $31.92B, beating estimates of $31.64B. Adjusted EPS of $0.96 also beat estimates of $0.86. Media segment revenue grew 3.5%, Peacock's paid subscribers increased 29%, and Comcast generated $3.

Comcast (NASDAQ: CMCSA) has reported results for the quarter ended December 31, 2024. Domestic video customers fell 311,000 in the quarter. Peacock paid subscribers grew by 16% YoY to 36 million.

Amid a looming landscape of languishing cable and legacy news stations, left-leaning CNN and MSNBC were met with their lowest-rated Januarys in history - in a key demographic.