Comcast's Winning Streak: Q4 Broadband Expansion, Peacock's Rise, and a Generous Dividend Boost Plus $15B Buyback
Portfolio Pulse from Anusuya Lahiri
Comcast Corp (NASDAQ: CMCSA) reported Q4 FY23 revenue of $31.25 billion, a 2.3% increase Y/Y, surpassing consensus estimates. Adjusted EPS was $0.84, beating the consensus of $0.79. Broadband revenue grew by 3.7% Y/Y, but the company saw a decrease in customer relationships and net losses in broadband and video customers. Wireless lines increased by 310,000. Media revenue rose by 3.1% Y/Y, and Studios revenue by 4.3% Y/Y, with Peacock's paid subscribers up nearly 50% Y/Y. Theme Parks' revenue increased by 12.2%. Comcast announced a 6.9% dividend increase and a new $15 billion share repurchase program. CMCSA shares rose by 5.16% to $46.06.
January 25, 2024 | 2:59 pm
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POSITIVE IMPACT
Comcast reported strong Q4 earnings, with revenue and adjusted EPS beating estimates. Broadband and Peacock showed significant growth, and the company announced a dividend increase and a substantial share buyback program.
The positive earnings report, dividend increase, and share buyback program are likely to instill investor confidence and could lead to a short-term uptick in CMCSA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AT&T Inc reported 5.9 million wireless net adds, including 526 thousand postpaid phone net adds, which indicates strong performance in the wireless segment.
AT&T's reported wireless net adds suggest a positive trend in its wireless business, which could be favorable for the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Verizon Communications Inc clocked 449 thousand postpaid phone net adds and retail postpaid net additions of 1.46 million, showing growth in its customer base.
Verizon's reported postpaid phone net adds and retail postpaid net additions reflect positively on its customer growth, which may have a favorable short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50