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New Xfinity Store Opens in South Bend
Businesswire· 2026-02-20 19:29
New Xfinity Store Opens in South BendFeb 20, 2026 2:29 PM Eastern Standard Time# New Xfinity Store Opens in South BendShare---New Storefront Expands Xfinity's Retail Presence in Michiana and Provides Added Convenience for ResidentsComcast Also Awards $17,500 in Grants to South Bend Education Alliance and South Bend Code SchoolComcast today announced the opening of a new Xfinity Store in South Bend, Indiana, at 4615 Miami Street near the Erskine Village Shopping Center. The company marked the grand opening o ...
Peacock's next growth bet: selling subscriptions for other streamers
Business Insider· 2026-02-20 18:51
Peacock's next growth bet isn't a blockbuster show or sports deal. NBCU's flagship streaming service is plotting to sell add-on subscriptions to other specialty streamers on its platform, four people familiar with the plans told Business Insider.Peacock has approached streamers about selling subscriptions to offer viewers content that complements its reality and sports-heavy line-up, these people said. Peacock expects to start with one streamer this year and is likely to limit the offering to a small number ...
Netflix Stock Dropped 8% Last Month -- Here's What Happened
Yahoo Finance· 2026-02-18 17:07
Many sectors started the year by tumbling on fears of runaway spending on data centers and artificial intelligence (AI) shaking up entire industries. Netflix (NASDAQ: NFLX) shares also fell in January, but its 8% decline stems from a completely different set of concerns. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Instead, Netflix s ...
Hyatt Chairman Exits Over Epstein Ties, EU Mandates 70% Local Content for EVs, and Sky Ends WBD Content Pact
Stock Market News· 2026-02-16 21:08
Key TakeawaysThomas Pritzker has resigned as Executive Chairman of Hyatt Hotels Corp (H), citing his past association with Jeffrey Epstein and Ghislaine Maxwell as a significant misjudgment.The European Union is moving to require that Electric Vehicles (EVs) be at least 70% EU-made to qualify for state subsidies, a major protectionist shift aimed at countering Chinese imports.Sky Group, a subsidiary of Comcast (CMCSA), will not renew its long-standing content licensing pact with Warner Bros. Discovery (WBD) ...
Comcast Business Powers February's Biggest Broadcast Events
Businesswire· 2026-02-16 15:00
PHILADELPHIA--(BUSINESS WIRE)--Comcast Business today announced it is again partnering with NBCUniversal to architect and manage critical components of the linear and digital broadcast for three of television's marquee events this month – Super Bowl LX, the Milan Cortina 2026 Olympic Winter Games, and the 2026 NBA All-Star Game. With major productions occurring within days of each other, Comcast Business provides the end-to-end connectivity that underpins NBCUniversal's live coverage across bro. ...
ByteDance says it will add safeguards to Seedance 2.0 following Hollywood backlash
CNBC· 2026-02-16 07:01
Chinese tech giant ByteDance has said it will strengthen safeguards on a new artificial intelligence video-making tool, following complaints of copyright theft from entertainment giants. The tool, Seedance 2.0, enables users to create realistic videos based on text prompts. However, viral videos shared online appear to show copyrighted characters and celebrity likenesses, raising intellectual property concerns in the U.S. "ByteDance respects intellectual property rights and we have heard the concerns regard ...
Comcast's 4.45% Yield Looks Tempting: Should You Take the Bait?
247Wallst· 2026-02-14 15:02
Core Viewpoint - Comcast's dividend yield of 4.09% and 18 consecutive years of dividend growth position it favorably against competitors, despite challenges in the broadband sector [1][2]. Financial Performance - Comcast achieved a record free cash flow of $21.9 billion in 2025, a 41.3% increase year-over-year, providing a coverage ratio of 4.48x for its $4.9 billion dividend payout [1][2]. - The company returned only 55% of its free cash flow to shareholders, maintaining a substantial cushion for future investments and economic downturns [1]. Dividend Growth - The quarterly dividend increased from $0.1575 in 2017 to $0.33 in 2026, reflecting a 109% increase over nine years, or approximately 8.5% compounded annually [1]. - The most recent dividend increase of 6.5% occurred in Q2 2025, with expectations for further increases in 2026 [1]. Competitive Position - Comcast's dividend yield of 4.09% and payout ratio of 24.49% contrast sharply with AT&T's frozen dividend and Charter's lack of a dividend program [1]. - AT&T has a similar yield but a higher payout ratio and a history of dividend cuts, while Charter focuses on debt reduction and share buybacks [1]. Growth Drivers - Domestic wireless revenue surged 18% in 2025, adding 1.5 million net lines, indicating significant growth potential [2]. - Peacock streaming revenue grew 23% to $1.6 billion in Q4, with expectations for further improvement in 2026 [2]. - Theme parks revenue increased by 21.9% to $2.89 billion, with EBITDA surpassing $1 billion for the first time [2]. Balance Sheet Strength - Comcast ended 2025 with a net leverage of 2.3x, indicating a strong financial position within investment-grade territory [2]. - The spinoff of cable networks into Versant Media was structured as a dividend distribution, maintaining the dividend growth streak while removing lower-growth assets [2]. Valuation Insights - Comcast shares trade at a trailing P/E ratio of 6x, approximately 20% below their five-year high, suggesting limited downside risk [2]. - The combination of a 4% yield, conservative payout ratio, and depressed valuation creates an attractive risk profile for dividend-focused investors [2].
Exclusive: Comcast-owned Sky's $2.2 billion ITV deal talks have slowed, sources say
Reuters· 2026-02-12 18:43
Exclusive: Comcast-owned Sky's $2.2 billion ITV deal talks have slowed, sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Signage is seen on the side of an ITV office building at Media City in Manchester, Britain, May 13, 2024. REUTERS/Phil Noble/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Comcast's UK investments include a new European theme park near London- The tie-up aims to create a top ...
Reliable, High-Speed Internet from Xfinity Coming to Ceredo and Kenova, WV
Businesswire· 2026-02-12 14:12
KENOVA, W.V.--(BUSINESS WIRE)--Comcast is connecting more than 2,400 new homes and businesses in Ceredo and Kenova, WV to reliable, multi-gigabit, symmetrical Internet by expanding America's most reliable converged WiFi network. As a new connectivity provider in Ceredo and Kenova, Xfinity brings Internet, mobile, entertainment, and smart home services together to give customers more speed, savings, and control over their connected lives. "Comcast's investment is a big win for our community and. ...
Comcast Scores Early Victory With 2026 Winter Olympics Viewership, Will Super Bowl LX Top The Numbers?
Benzinga· 2026-02-11 00:18
Group 1: Core Insights - Comcast Corp is positioned for a significant 2026 with exclusive media rights to the 2026 Winter Olympics, NFL games, NBA games, and the Super Bowl, potentially leading to increased revenue and viewership [1][5] - Year-to-date, Comcast shares have risen approximately 15% in 2026, indicating positive market sentiment and potential for further growth [1][9] Group 2: Viewership Trends - Early viewership for the 2026 Winter Olympics has increased by 60% compared to the first two days of the 2022 Winter Olympics, signaling a strong start for Comcast [2] - The Opening Ceremony attracted 21.4 million viewers, a 34% increase from the 2022 games, with streaming platform Peacock contributing around 3 million viewers [3] - On the following day, viewership reached 28.5 million across Comcast's networks, significantly up from 14.8 million during the same day of the 2022 Winter Olympics [3] Group 3: Streaming Performance - Peacock recorded 4.1 million viewers for Winter Olympics coverage on a single day, with viewers collectively watching 1.3 billion minutes, showcasing strong engagement [4] - In comparison, the total viewership for the entire 2022 Winter Olympics on Peacock was 34.3 billion minutes, indicating a promising start for the current games [4] Group 4: Sports Partnerships - Comcast's recent acquisition of NBA game rights for the first time in 24 years, starting in the 2025-2026 season, adds to its sports portfolio and could enhance viewership and advertising revenue [5] - The company has also seen strong viewership for NFL's Sunday Night Football games, further solidifying its position in the sports broadcasting landscape [5] Group 5: Advertising Revenue - For Super Bowl LX, Comcast charged between $8 million to $10 million for a 30-second ad, reflecting strong demand for advertising slots, which may mitigate the impact of viewership numbers on revenue [6] - High viewership figures can enhance Comcast's advertising sales for other sports content throughout 2026 and beyond, contributing to overall revenue growth [7] Group 6: Stock Performance - Comcast stock closed at $32.31, up 2.21%, within a 52-week trading range of $24.12 to $35.83, indicating a positive trend in stock performance [9]