Comcast Corp (NASDAQ:CMCSA) reported better-than-expected earnings for its fourth quarter on Thursday.

The company posted a fourth-quarter revenue growth of 2.1% year-over-year to $31.92 billion, beating the analyst consensus estimate of $31.64 billion. The company reported adjusted EPS of 96 cents, beating analyst consensus estimates of 86 cents.

The media segment posted revenue growth of 3.5% year over year to $7.22 billion.

Peacock's paid subscribers increased 29% Y/Y to 36 million while revenue grew by 28% year over year to $1.3 billion.

Studios' revenue increased by 6.7% Y/Y to $3.27 billion due to higher theatrical revenue, including Wicked and The Wild Robot. Theme Parks revenue increased by 0.1% Y/Y to $2.37 billion due to lower revenue at its domestic theme parks, driven by lower guest attendance.

“We had the best financial performance in our company’s 60-year history with record revenue, EBITDA and EPS along with significant free cash flow,” said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.

Comcast shares dipped 11% to close at $33.25 on Thursday.

These analysts made changes to their price targets on Comcast following earnings announcement.

• Goldman Sachs analyst Michael Ng maintained Comcast with a Buy and lowered the price target from $50 to $44.
• B of A Securities analyst Jessica Reif Cohen downgraded Comcast from Buy to Neutral and lowered the price target from $50 to $38.

Considering buying CMCSA stock? Here’s what analysts think:

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