Comcast Corporation announced record financial results for Q4 and the full year 2024, with a historic increase in revenue, EBITDA, and EPS. Key achievements included 5% growth in connectivity revenue, 1.2 million mobile line additions, and a significant revenue boost for its Studios and Peacock streaming service, which rose 46% due to a successful slate of content. The company highlighted strategic plans for 2025, including acquisitions and partnerships, and announced a 17th consecutive year of dividend increases to shareholders, totaling $13.5 billion in returns for the year.
"We had the best financial performance in our company's 60-year history with record revenue, EBITDA and EPS along with significant free cash flow," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.
"Driving these results were the many accomplishments our teams have made across our six growth businesses, including 5% connectivity revenue growth in an intensely competitive environment, another 1.2 million mobile line additions, and a 5% increase in revenue for Business Services."
"Looking ahead to 2025, we are excited about our Comcast Business acquisition of Nitel, the opening of Epic Universe and bringing the NBA and WNBA back to NBC and on Peacock."
"The Board's confidence in our path forward is underscored by today's announcement that we are increasing our dividend for the 17th consecutive year."
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