- Comcast’s total revenue for Q4 was $31.92 billion, a growth of 2.1% year-over-year, meeting the estimate of $31.62 billion.
- Connectivity & Platforms revenue slightly increased by 0.2% year-over-year to $20.46 billion, slightly missing the estimated $20.59 billion.
- Content & Experiences revenue grew by 5% year-over-year to $12.08 billion, surpassing the estimate of $11.82 billion.
- Studios revenue rose to $3.27 billion, reflecting a 6.7% increase year-over-year, beating the estimated $3.23 billion.
- Media revenue was $7.22 billion, a 3.5% rise year-over-year, slightly exceeding the estimate of $7.2 billion.
- Theme Parks revenue reached $2.37 billion, growing 0.1% year-over-year and surpassing the estimate of $2.25 billion.
- Domestic broadband customers decreased by 139,000, compared to a decrease of 34,000 year-over-year, with an estimate of a 94,769 decline.
- Domestic video customers decreased by 311,000, which is a 20% increase in losses year-over-year, better than the estimated loss of 352,090.
- Adjusted earnings per share (EPS) increased to 96 cents from 84 cents year-over-year, beating the estimate of 86 cents.
- Adjusted EBITDA was $8.81 billion, marking a 9.9% increase year-over-year, exceeding the estimate of $8.49 billion.
- Peacock revenue was $1.32 billion, a 28% increase year-over-year, slightly below the estimated $1.36 billion.
- Peacock reported 36 million paid subscribers, a 16% growth year-over-year, below the estimated 37.63 million.
- Peacock’s adjusted EBITDA loss narrowed to $372 million, a 55% year-over-year improvement, beating the estimate of a $528.7 million loss.
- Free cash flow surged 91% year-over-year, reaching $3.26 billion, exceeding the estimate of $2.74 billion.
- Connectivity & Platforms capital expenditures rose by 26% year-over-year to $2.60 billion, exceeding the estimate of $2.16 billion.
- Content & Experiences capital expenditures increased by 6.2% year-over-year to $1.28 billion, surpassing the estimate of $1.16 billion.
- According to the company, NBC Sports enjoyed its most-watched year since 2016.
Comcast Corp Class A on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely covering Comcast Corp Class A. Their recent report titled “Comcast’s Hidden Winner: The Olympics Boost That Sent Peacock Soaring!” dives into the company’s third-quarter earnings, highlighting a mix of steady growth and operational challenges amid external market conditions. The report applauds Comcast’s strategic efforts, particularly focusing on Epic Universe and Media as key drivers of operational success. Baptista Research is conducting an in-depth analysis to assess various factors that could impact the company’s stock price, utilizing a Discounted Cash Flow (DCF) methodology for an independent valuation.
A look at Comcast Corp Class A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Comcast Corp Class A, a prominent player in media and television broadcasting services, is seen to have a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value, Dividend, and Growth at 4 out of 5 each, the company seems to be in a good position when it comes to these key factors. Investors may find Comcast attractive for its perceived value, dividend potential, and growth prospects.
However, it’s worth noting that Comcast’s scores in Resilience and Momentum are comparatively lower, at 2 and 3 respectively. This suggests some potential areas of improvement or challenges for the company. Overall, Comcast Corporation appears well-positioned in terms of value, dividends, and growth, though there may be room for enhancing resilience and momentum to further solidify its market standing.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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