Comcast's Financial Highlights

Comcast Corporation has reported a notable increase in its fourth-quarter revenue for the fiscal year 2024, with a 2.1% rise to $31.9 billion. The company's net income experienced a significant boost, climbing 46.6% to $4.78 billion compared to the same period in 2023. Furthermore, diluted earnings per share saw an impressive 54.1% increase, reaching $1.24.

Annual Performance Overview

For the entire fiscal year 2024, Comcast's revenue amounted to $123.7 billion, marking a 1.8% increase from the previous year. The net income for the year also grew by 5.2%, totaling $16.19 billion. The diluted earnings per share advanced by 11.7% to $4.14, showcasing the company's strong financial health.

Future Prospects and Strategic Moves

"As we look forward to 2025, we are thrilled about several strategic initiatives, including the Comcast Business acquisition of Nitel, the launch of Epic Universe, and the return of NBA and WNBA to NBC and Peacock. These moves, along with the Board's decision to increase our dividend for the 17th consecutive year, reflect our confidence in the company's future growth trajectory," stated Brian L. Roberts, Chief Executive Officer. Following the announcement of these results, Comcast's shares remained stable in the premarket trading.