Comcast reported a significant surge in fourth-quarter profits, driven by strong performance at its mobile business, box office successes, and growing revenue from its streaming hub. The company’s attributable net income rose 47% to $4.78 billion, or $1.24 per share, compared to the same period last year.
Revenue increased 2% to $31.92 billion, fueled by gains in US wireless operations, theatrical releases such as “Wicked” and “The Wild Robot,” and growing subscriptions at Peacock. However, Comcast’s cable and connectivity business saw minimal growth.
The company is facing challenges as consumers increasingly shift away from traditional subscriptions and linear-TV viewing towards on-demand streaming. To address this trend, Comcast plans to spin off its bulk of NBCUniversal’s cable-programming assets in a transaction expected to take place later this year.
In the quarter, Comcast lost 139,000 broadband customers, citing disruptions from hurricane activity in Florida, as well as 311,000 cable TV subscribers. Revenue tied to NBCU rose 5%, with Peacock contributing significantly due to its successful launch of new content and subscriber acquisition during the Paris Olympics last year.
The company’s CEO, Brian Roberts, highlighted new business drivers for 2025, including the opening of Epic Universe theme park and the return of NBA games on NBC starting in the fall.
Source: https://variety.com/2025/tv/news/comcast-q4-profit-wicked-peacock-1236290975