Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $103,564 | $116,385 | $121,427 | $121,572 | $123,731 |
| Gross Profit | $17,493 | $20,817 | $14,042 | $23,314 | $23,297 |
| Operating Income | $17,493 | $20,817 | $14,041 | $23,314 | $23,297 |
| Net Income | $10,534 | $14,159 | $5,370 | $15,388 | $16,192 |
Over the past five years, Comcast Corporation’s revenue has shown a steady upward trend, increasing from approximately USD 103.6 billion in 2020 to USD 123.7 billion in 2024. While revenue growth was most notable between 2020 and 2021—rising by roughly 12%—subsequent annual increases have been more modest, suggesting a maturing revenue base amid competitive pressures in the telecommunications and media sectors. Notably, the gross profit and operating income, which are identical in each year, experienced significant fluctuations. After growing from USD 17.5 billion in 2020 to USD 20.8 billion in 2021, there was a sharp decline of about 32% in 2022. This downturn could reflect increased operational costs or market headwinds impacting margins in that year. Net income trends also mirrored this volatility; Comcast’s net income surged from USD 10.5 billion in 2020 to USD 14.2 billion in 2021—a robust growth of nearly 35%—but then suffered a steep decline of about 62% in 2022, falling to USD 5.4 billion. The subsequent recovery in 2023, with net income jumping to over USD 15.4 billion, and continuing to grow to USD 16.2 billion in 2024, indicates a strong rebound and possibly improved cost management or a strategic shift correcting earlier inefficiencies. Overall, despite the volatility observed in gross profit and net income in 2022, Comcast’s sustained revenue growth, along with a significant recovery in profitability, suggests the company remains financially resilient and operationally adaptive in a challenging and evolving industry landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.