The company said Peacock generated 2023 revenue of $3.4 billion and costs and expenses of $6.1 billion. For 2022, the amounts were $2.1 billion and $4.6 billion, respectively, and paid subscribers increased by 10 million to 31 million.

1. 01

   The company said Peacock generated 2023 revenue of $3.4 billion and costs and expenses of $6.1 billion. For 2022, the amounts were $2.1 billion and $4.6 billion, respectively, and paid subscribers increased by 10 million to 31 million.

2. 02

   In Q4 2023, the company exercised its put right to sell its 33% interest in Hulu and received net pre-tax proceeds of $8.6 billion relating to the minimum equity value, net of capital calls. A portion of these proceeds was used to repay its $5.2 billion collateralized obligation. Additional proceeds for any excess of the fair value of its interest over the minimum equity value will be due following the final determination of Hulu's fair value through a third-party appraisal process, the company said.

3. 03

   Comcast repurchased 262 million shares of Class A common stock for $11.0 billion in 2023, and 332 million shares for $13.0 billion in 2022. The company said it raised its annualized dividend by $0.08 to $1.16 per share in January 2023 and paid $4.8 billion in dividends in 2023.

4. 04

   The company cited the broadcasts of the Beijing Olympics, Super Bowl and FIFA World Cup in 2022 as the reason for the decline in Media segment revenue. It said that, excluding revenue of $1.7 billion associated with these events, increases in domestic distribution and international networks revenue partially offset decreases in domestic advertising and other revenue.

Key figures

Fiscal year ended December 31, 2023

Operating income

$23.3B

Net income

$15.4B

EPS

$3.71

Operating cash flow

$28.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.