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 five-year period, Comcast Corporation’s revenue has shown an overall upward trend, increasing from USD 103.6 billion in 2020 to USD 123.7 billion in 2024. The growth, particularly between 2020 and 2021 (an increase of approximately 12.3%), reflects a steady expansion in its market operations. However, the subsequent years show a more complex picture. In 2022, while revenue continued to rise modestly to USD 121.4 billion, both gross profit and operating income experienced a significant drop—from USD 20.8 billion in 2021 down to roughly USD 14.0 billion in 2022, marking a decline of over 30%. This dip corresponded with net income, which plunged from USD 14.2 billion in 2021 to USD 5.4 billion in 2022, indicating a substantial disruption in profitability metrics during that year. In response to the decline observed in 2022, the company demonstrated a robust recovery, with both gross profit and operating income rebounding sharply to around USD 23.3 billion in 2023, and net income climbing to USD 15.4 billion. The momentum continued into 2024 with modest yet positive growth. Despite a slight deceleration in revenue growth post-2021, the recovery in profit margins suggests improved operational efficiency and potential cost management adjustments. Overall, while the sharp downturn in 2022 signals possible exposure to market or operational headwinds, the subsequent recovery and steady revenue increase underscore Comcast’s financial resilience and adaptability within the dynamic media and telecommunications sector.
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.