Comcast Corporation announced on Thursday that its revenue in the fourth quarter of the fiscal year 2022 observed an annual rise of 0.7% to reach $30.5 billion. Its net income declined by 1.1% compared to the same trimester in 2021 to come in at $3.02 billion. On the other hand, diluted earnings per share (EPS) advanced by 6.8% to stand at $0.70 per share.
In the entire 2022, the company's revenue went up by 4.3% year-on-year to hit $121.43 billion. In contrast, its net income plunged by 62.1% to land at $5.37 billion, and its diluted EPSs by 60.2% to reach $1.21 per share.
"We are excited to begin the new year as an innovative leader in large profitable markets with a strong balance sheet and a strategy to drive incremental returns and bring outstanding content and experiences to our customers," Chairman and Chief Executive Officer (CEO) Brian L. Robert. commented.
Following the release of the report, Comcast's shares gained 2.44% in premarket trading.
