Comcast Corporation (CMCSA) Q4 2024 Earnings Call Transcript

Comcast Corporation (NASDAQ:CMCSA) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET

Company Participants

Marci Ryvicker – Executive Vice President, Investor Relations
Brian Roberts – Chairman & Chief Executive Officer
Michael Cavanagh – President
Jason Armstrong – Chief Financial Officer
David Watson – President & Chief Executive Officer, Comcast Cable

Conference Call Participants

Benjamin Swinburne – Morgan Stanley
Craig Moffett – MoffettNathanson
Michael Ng – Goldman Sachs
Jonathan Chaplin – New Street Research
Jessica Reif Ehrlich – Bank of America Securities
John Hodulik – UBS
Steven Cahall – Wells Fargo

Operator

Good morning, ladies and gentlemen, and welcome to Comcast’s Fourth Quarter and Full-Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Please note that this conference call is being recorded.

I will now turn the call over to Executive Vice President, Investor Relations, Ms. Marci Ryvicker. Please go ahead, Ms. Ryvicker.

Marci Ryvicker

Thank you, operator, and welcome, everyone. Joining us on today’s call are Brian Roberts, Mike Cavanagh, Jason Armstrong and Dave Watson.

I will now refer you to Slide 2 of the presentation accompanying this call, which can also be found on our Investor Relations website and which contains our safe harbor disclaimer. This conference call may include forward-looking statements subject to certain risks and uncertainties.

In addition, during this call, we will refer to certain non-GAAP financial measures. Please see our 8-K and trending schedule issued earlier this morning for the reconciliations of these non-GAAP financial measures to GAAP.

With that, I’ll turn the call over to Mike.

Michael Cavanagh

Good morning, everybody, and thanks for joining us. We are very proud that the company produced record revenue of $124 billion and record adjusted EBITDA of $38 billion in 2024. In addition, we grew adjusted EPS by 9% and generated substantial free cash flow of $12.5 billion. This

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