Comcast reports earnings before the bell. Here's what to expect

Core Viewpoint - Comcast is set to provide an update on its broadband business during its third-quarter earnings report, amid challenges from alternative internet providers and a significant decline in stock value over the past year [1][2]. Group 1: Broadband Business - Comcast has been facing intense competition from alternative internet providers, such as 5G and fixed wireless, which has impacted its broadband growth [2]. - The company has reported broadband customer losses, contributing to a stock decline of approximately 30% over the last year [2]. - Initiatives have been outlined by Comcast to drive broadband growth, which is a cornerstone of its business [2]. Group 2: Mobile and Other Services - Comcast has leaned on its mobile business due to the stagnation in broadband growth, reporting 8.5 million mobile customers as of July [3]. - The company will also report results for its NBCUniversal business, which includes the NBC broadcast network and the streaming service Peacock [3]. Group 3: Media Rights and Programming - Comcast has begun airing NBA coverage as part of a media rights deal, which has brought games back to NBC and introduced them to Peacock [4]. - The company anticipates higher sports programming expenses starting in the fourth quarter [4]. Group 4: Mergers and Acquisitions - Investors are keen to hear updates regarding Comcast's potential mergers and acquisitions, particularly its interest in acquiring assets from Warner Bros. Discovery [5]. - The company is nearing the completion of spinning out its cable TV networks, including CNBC, expected to finalize by the end of the year [4]. Group 5: Financial Expectations - For the upcoming earnings report, Comcast is expected to report earnings per share of $1.10 and revenue of $30.70 billion [6].