Comcast reports record-breaking financial performance for 2024

Comcast Corporation  announced its financial results for the fourth quarter and full year 2024, marking the company's best financial performance in its 60-year history.

Comcast reported record revenue of $123.7 billion for the full year, a 1.8% increase from 2023. The company's adjusted EBITDA rose 1.2% to $38.1 billion, while earnings per share (EPS) increased 11.7% to $4.14.

"We're incredibly proud of our team's accomplishments in 2024," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. "Our record financial performance is a testament to the strength of our diversified portfolio and our ability to execute on our strategic priorities."

Key highlights from Comcast's 2024 financial performance include:

- Record revenue, adjusted EBITDA, and EPS
- 5% growth in connectivity revenue, driven by increases in domestic broadband, domestic wireless, and international connectivity
- 46% growth in Peacock revenue, fueled by a diverse slate of sports and entertainment content
- Strong performance from NBCUniversal's studios, with a 6.7% increase in revenue and an 84.7% increase in adjusted EBITDA

Comcast also announced a 6.5% increase in its annualized dividend to $1.32 per share, marking the 17th consecutive year of dividend growth. The company's board of directors also approved a new share repurchase program authorization of $15 billion.

Looking ahead to 2025, Comcast is positioned for continued growth and innovation, with a focus on expanding its connectivity and content offerings, investing in emerging technologies, and delivering exceptional customer experiences.

"We're excited about the opportunities ahead and confident in our ability to drive long-term growth and value creation for our shareholders," said Roberts.

Also Read: Paramount Global and Comcast renew multi-year distribution agreement