Growth in theme parks and a nearly 50% increase in subscribers to streaming service Peacock bolstered Comcast revenues and earnings in the fourth quarter of 2023 as the cable giant, which owns NBCUniversal, topped Wall Street expectations.
Here are the top-line results:
Adjusted net income: $3.41 billion, down 3.1% year over year.
Adjusted earnings per share: 84 cents per share, up 2.4% year over year, compared to 80 cents per share expected by analysts surveyed by Zacks Investment Research
Adjusted EBITDA: $8.01 billion, up 0.1% year over year.
Revenue: $31.25 billion, up 2.3% year over year, compared to $$30.41