What drove HLIT's earnings growth in 2024?

Harmonic Inc. (HLIT) experienced significant earnings growth in 2024 primarily due to robust revenue expansion across various segments, including broadband and video services, and strategic investments in cloud and software solutions.

1. **Broadband and Video Revenue Growth**:
- Harmonic reported a 54% revenue increase, with video revenue reaching $50.4 million and SaaS streaming revenue growing to $14.2 million, marking a 13.1% year-over-year increase.
- The company's broadband revenue also saw substantial growth, with a 20% year-over-year increase.
2. **Strategic Initiatives**:
- Harmonic's focus on ecosystem integration and future technological advancements, such as the adoption of its XOS Advanced Media Processor and the expansion of its cloud and software portfolio, has positioned the company well for sustained growth.
- The company's restructuring efforts have improved margins and operational efficiency, contributing to better financial performance.
3. **Market Demand and Innovation**:
- The surge in demand for broadband and video services, driven by the global shift to digital content and the need for reliable connectivity, has created a favorable market environment for Harmonic's products and services.
- Harmonic's innovative solutions, such as its COS cloud and software offerings, have gained traction with a 20% increase in global customers deploying COS solutions.

In summary, HLIT's earnings growth in 2024 was driven by strong revenue expansion in both the broadband and video segments, strategic investments in cloud and software solutions, and favorable market conditions.