Comcast Q4 adjusted EPS beats estimates on wireless growth

Overview

• Media and tech firm's Q4 revenue slightly missed analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company completed spin-off of Versant Media, focusing NBCUniversal on streaming

Outlook

• Company expects continued growth from converged connectivity strategy and wireless expansion

• Company sees positive impact from Epic Universe and Peacock's expanded sports lineup

Result Drivers

• WIRELESS GROWTH - Comcast reported its best year in wireless with 1.5 mln net line additions, reaching over 9 mln total lines, driven by strong demand for converged broadband and mobile offers

• THEME PARKS BOOST - Opening of Epic Universe in May 2025 drove higher revenue and EBITDA in the Theme Parks segment

• PEACOCK REVENUE GROWTH - Peacock's revenue grew 23% in Q4, supported by an increase in paid subscribers and the debut of NBA on NBC and Peacock

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 21 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Comcast Corp is $35.00, about 23.2% above its January 28 closing price of $28.41

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw9gLVVfa

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