PRESS RELEASE COMCAST REPORTS 1st QUARTER 2024 RESULTS PHILADELPHIA - April 25, 2024… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2024. “Our team is continuing to execute exceptionally well in a dynamic and competitive marketplace," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. “We delivered double-digit growth in Adjusted EPS and free cash flow while returning $3.6 billion to shareholders, investing aggressively in our bus ...

In this photo illustration, Comcast Corporation logo seen displayed on a tablet.Comcast will report its first-quarter earnings before the bell on Thursday, and Wall Street will be keeping an eye on subscriber on both broadband and streaming subscribers.Broadband, the cornerstone business and revenue driver for Comcast and its cable peers, will likely be the focus. After explosive broadband growth — especially during the height of the pandemic — cable companies have seen a slowdown.Here's how Wall Street exp ...

SweetBabeeJay Comcast stock: Still a buy despite recent rallies I last wrote about Comcast Corporation (NASDAQ:CMCSA) about a year and a half ago. In that article, I argued for a BUY thesis based on Warren Buffett's rule of 10x EBT (earnings before taxes). In particular, I argued that: As a leading stock in the telecom sector, Comcast is trading at its secular bottom valuations. Under current conditions, it’s equivalent to a 10%+ equity bond with coupon growth built-in if you consider their perpetual gr ...

 Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$29.87 billion$31.25 billion$29.69 billionAdjusted Diluted EPS98 cents84 cents92 centsAdjusted Net Income $3.93 billion$3.41 billion$3.88 billion Key Metric: Broadband and Peacock Subscribers Recent quarters have shown Comcast's broadband services losing subscribers due to a number of factors, including competition growing in recent years from companies like Verizon Communications (VZ) and others, as well as the pandemic shift leading to more vacant offi ...

Core Viewpoint - Comcast is facing significant challenges from the competitive landscape of online video streaming services, leading to a decline in its traditional cable TV business and broadband subscriber base [1][2]. Group 1: Company Performance - Comcast is set to report its first-quarter 2024 results on April 25, with expected revenues of $29.81 billion, reflecting a growth of 0.39% year-over-year [5]. - The consensus estimate for earnings per share has declined by 1% to 98 cents, indicating a growth of 6.52% compared to the previous year [5]. - In the fourth quarter, Comcast lost 34,000 domestic broadband customers and 389,000 video customers, highlighting the impact of competition and changing consumer preferences [3]. Group 2: Competitive Landscape - Online streaming services like Netflix, Disney+, YouTube, and Apple TV+ are posing a severe threat to Comcast, with Netflix reporting a 16% year-over-year increase in paid subscribers, reaching 269.6 million [1]. - Disney is also expected to report an increase in its subscriber base, with Disney+ anticipating net additions of 5.5 million to 6 million subscribers [2]. Group 3: Industry Trends - The industry is experiencing declining profitability in residential video services due to rising programming costs and retransmission fees, making it difficult for traditional companies like Comcast to thrive [2]. - The shift towards wireless voice services has led to a significant decline in revenues from residential voice services, further impacting Comcast's performance [2]. Group 4: Business Segments - Comcast's business services segment is expected to benefit from an expanding clientele, particularly through partnerships like the collaboration with DraftKings [3]. - The Theme Park business is likely to have gained from strong occupancy rates in various locations, including Osaka, Beijing, and Orlando [3]. - Peacock, Comcast's streaming service, saw a 50% year-over-year increase in paid subscribers, reaching 31 million, with revenues rising 57% to $1 billion [4].

The Largest Companies Paying Dividends This Week oracle_images / Flickr Welcome to your quick hit of the biggest players on the block paying out dividends in the coming week. Let’s dive right in and spotlight some of the giants!First up, we have Oracle (ORCL). Oracle, the powerhouse behind many of your favorite software solutions, is set to distribute dividends on April 24th. With a market cap of about $319 billion and a dividend yield of 1.4%, Oracle’s consistent growth in dividends at a rate of 14.3% ov ...

Comcast (CMCSA) closed the latest trading day at $39.62, indicating a +1.62% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. On the other hand, the Dow registered a gain of 0.06%, and the technology-centric Nasdaq decreased by 0.52%.Heading into today, shares of the cable provider had lost 9.54% over the past month, lagging the Consumer Discretionary sector's loss of 5.12% and the S&P 500's loss of 1.66% in that time.The investment communit ...

Comcast (CMCSA) has introduced NOW, a new suite of affordable and no-contract Internet, mobile and streaming TV services. The NOW portfolio is designed to provide consumers with connectivity options that they can purchase month-to-month without long-term commitments.The centerpieces of the new brand are NOW Internet and NOW Mobile. NOW Internet is a prepaid high-speed Internet service that promises more reliability than fixed wireless options at a lower cost. It comes in two speed tiers, 100 Mbps for $30 pe ...

You may have noticed increased broadband costs recently. Many ISP stocks adjust prices annually based on inflation rates like the Consumer Price Index (CPI) or Retail Price Index (RPI). Companies pass these costs on to consumers to maintain their profit margins.Additionally, the growing reliance on high-speed internet for remote work, online entertainment and e-commerce has created sustained demand for ISP stocks. ISPs are then well-positioned to capitalize on this ongoing need.The good thing about investin ...

Core Points - Comcast is launching a new low-cost prepaid internet and phone plan called NOW, designed for flexibility and ease of use for customers [1][2] - The NOW program includes four offerings: NOW Internet, NOW Mobile, NOW TV, and NOW WiFi Pass, with prices ranging from $20 to $45 per month [1][2] - The NOW program aims to address the demand for affordable connectivity options while supplementing Comcast's existing low-income internet service, Internet Essentials [2] Summary by Category Product Offerings - NOW Internet offers two speed options: 100 Mbps for $30/month and 200 Mbps for $45/month, both with unlimited data [1] - NOW Mobile provides unlimited data for talking and texting at $25 per line [1] - NOW TV allows Xfinity internet customers to access on-demand and live streaming from over 40 networks for $20/month [1] - NOW WiFi Pass offers unlimited access to Xfinity hotspots for $20 for 30 days [1] Market Context - Comcast has faced challenges in broadband growth, reporting net broadband losses in multiple quarters [3] - The company acknowledges a competitive environment and aims to improve its market position with the NOW program [3]