During Comcast Corporation’s earnings call for the fourth quarter of 2024, held on January 30, 2025, several key figures from the company joined the discussion. Participants included Marci Ryvicker, the Executive Vice President of Investor Relations, Brian Roberts, the Chairman and CEO, Michael Cavanagh, the President, Jason Armstrong, the Chief Financial Officer, and Dave Watson, President and CEO of Comcast Cable.
On the call, analysts from renowned firms such as Morgan Stanley, MoffettNathanson, Goldman Sachs, New Street Research, Bank of America Securities, UBS, and Wells Fargo participated, asking insightful questions.
The meeting kicked off with a welcome from the operator, setting the stage for an in-depth review of Comcast’s financial performance. Marci Ryvicker took the reins to introduce the call, welcoming everyone and confirming that several key executives were present to provide updates and insights.
Ryvicker directed attention to the second slide of the presentation, highlighting it on the Investor Relations website. She pointed out the importance of the safe harbor disclaimer and mentioned that the discussion might include forward-looking statements, which come with inherent risks and uncertainties. Moreover, some non-GAAP financial measures would be referenced, and she encouraged checking their 8-K report and trending schedule for detailed reconciliations to GAAP figures.
Taking over from Ryvicker, Michael Cavanagh shared his enthusiasm regarding Comcast’s impressive performance in 2024. The company achieved record revenues of $124 billion, accompanied by an all-time high adjusted EBITDA of $38 billion. They also saw a 9% rise in adjusted EPS and generated significant free cash flow amounting to $12.5 billion. Here, Cavanagh underscored the financial strength Comcast demonstrated throughout the year.
