Comcast Q1 2025 Earnings Preview: Revenue and Subscriber Growth Insights

Essential Highlights

• Comcast is set to release its Q1 2024 earnings Thursday, focusing on expanding its subscriber base for platforms like Peacock.
• The conglomerate generates income from a diverse portfolio including internet, mobile services, TV and film production, and theme parks worldwide.
• Market analysts predict Comcast will report year-over-year growth in key financial metrics such as revenue and net income.

Comcast (CMCSA) is preparing to announce its first-quarter 2024 financial results prior to Thursday’s market open, aiming to boost subscribers for services such as Peacock and curb recent declines in broadband customers.

Consensus from Visible Alpha forecasts an adjusted profit of $3.93 billion, or 98 cents per share, on revenues totaling approximately $29.87 billion—slightly up from the same period last year. In Q1 2023, Comcast reported an adjusted profit of $3.88 billion, or 92 cents per share, on $29.69 billion in revenue.

Comcast's revenue streams span multiple subsidiaries including Xfinity for broadband, cable, and mobile services, NBCUniversal and DreamWorks Animation for content production and distribution, as well as Universal’s global theme parks.

Focus Metric: Broadband and Peacock Subscriber Trends

Comcast has experienced a decline in broadband subscribers recently, influenced by increased competition from providers like Verizon Communications and shifts such as pandemic-driven decreases in business internet demand due to vacant office spaces.

The company lost around 34,000 domestic broadband subscribers in Q4 2023, a sharper drop compared to the 26,000 lost in Q4 2022.

Business Growth Areas: Diversified Revenue Streams

While broadband and cable subscriber numbers have dipped, Comcast’s theme parks delivered a 12% revenue increase in Q4 2023, setting new quarterly and annual records, partly driven by the addition of Super Nintendo World.

Peacock, Comcast's streaming platform featuring popular NBC shows such as "The Office," "Saturday Night Live," and "Parks and Recreation," has shown impressive growth since its launch in July 2020, surpassing $1 billion in quarterly revenue for the first time in late 2023. The service reported approximately 31 million paid subscribers in the January earnings update.

As of Wednesday at 2:45 p.m. ET, Comcast's stock price was down roughly 8% year-to-date, trading at $40.17 per share. Despite a 6.5% rise over the past 12 months, shares remain below the September 2021 peak of over $60.

Have a story idea for ZAMONA? Reach out to us at tips@ZAMONA.

Discover the latest news and current events in Company News as of 29-04-2024. The article titled " Comcast Q1 2025 Earnings Preview: Revenue and Subscriber Growth Insights " provides you with the most relevant and reliable information in the Company News field. Each news piece is thoroughly analyzed to deliver valuable insights to our readers.

The information in " Comcast Q1 2025 Earnings Preview: Revenue and Subscriber Growth Insights " helps you make better-informed decisions within the Company News category. Our news articles are continuously updated and adhere to journalistic standards.