Accessibility StatementSkip Navigation Grant will fund foundational digital literacy workshops and job readiness programing for residents in West Michigan GRAND RAPIDS, Mich., Nov. 18, 2025 /PRNewswire/ -- Comcast today announced it has awarded $50,000 in grants to the Hispanic Center of Western Michigan, a Grand Rapids-based community organization dedicated to serving the needs of the Latino and broader community through family support, workforce development, and youth education programs. Continue Reading ...

Comcast Commits $2.5 Million to Expand Digital Opportunity in Rural Communities Across the Country Share PHILADELPHIA--(BUSINESS WIRE)--Comcast today announced $2.5 million in total grant funding to Lead for America (LFA) and Partners for Rural Impact (PRI), two nonprofit organizations working to open doors to economic mobility and strengthen communities across the United States. The partnerships are part of Project UP, Comcast's $1 billion initiative to connect people to the internet, create digital opport ...

Core Insights - Comcast is expanding broadband service to homes and businesses in and around the Colusa Indian Community, enhancing connectivity for both tribal and non-tribal lands [1] - The expansion is part of Comcast's broader investment strategy, which includes over $4 billion in technology and infrastructure in California over the past three years, supported by a $3.2 million Federal Funding Account grant [2] - Comcast is also contributing $5,000 to the Friends of the Colusa Library to promote digital opportunities and access to high-speed internet for local residents [3] Investment and Infrastructure - The expansion adds to Comcast's significant investments in California, totaling more than $4 billion in the last three years [2] - Comcast's network is designed for reliability and security, providing multi-gigabit Internet speeds and 99.9 percent reliability, serving over 64 million homes and businesses nationwide [4] Consumer Services - Comcast's residential services, marketed under the Xfinity and NOW brands, offer a comprehensive suite of products including Internet, video, mobile, and voice services, enhancing user experience with powerful WiFi and low-latency connections [5] - The company aims to provide a seamless experience for customers engaging in various online activities, from streaming to remote work [5] Business Solutions - Comcast Business provides a range of connectivity and communication solutions tailored for local businesses, recognized as a leader in flexible and scalable options [6] - The company is noted for being one of the fastest-growing providers of Ethernet services, supporting organizations of all sizes [6] Community Commitment - Comcast's initiatives extend beyond infrastructure, focusing on increasing economic mobility through programs like Internet Essentials, which has connected over 2.2 million Californians since 2011 [7] - The company has invested over $130.5 million in cash and in-kind donations to California nonprofits aimed at enhancing digital skills and expanding connectivity [8]

Core Points - Comcast honored Nancy Kennedy, a journalist from the Citrus County Chronicle, as a "Champion of Change" for her significant contributions to local storytelling and community engagement [1][4][5] - The event took place on November 4, 2025, at the Old Courthouse Heritage Museum in Inverness, Florida, where community leaders and friends celebrated Kennedy's impact on Citrus County [2][4] - Citrus County Commissioners declared November 4, 2025, as "Nancy Kennedy Day" in recognition of her work [4] Community Impact - Kennedy has worked for over 30 years at the Citrus County Chronicle, documenting the lives and struggles of local residents, and her stories have inspired and mobilized the community [3][5] - Comcast donated $10,000 to YaYAS of Citrus County on Kennedy's behalf to support local initiatives [5] - The event featured heartfelt remarks from community leaders, highlighting Kennedy's personal impact on their lives and organizations [4][6] Comcast's Initiatives - Comcast's "Champions of Change" initiative aims to recognize media professionals dedicated to diverse storytelling and community representation [6] - The company recently invested $8 million in Citrus County to expand high-speed Internet access, aiming to bridge the digital divide and support local businesses and nonprofits [7]

Core Insights - Comcast reported a 2.7% year-over-year decline in revenue for Q3 2025, totaling $31.2 billion, primarily due to a comparison with the previous year's $1.9 billion revenue boost from the Paris Olympics [3][24] - The company is undergoing a strategic shift to simplify pricing and enhance customer experience in response to intense competition in the broadband market [5][12] - The planned spin-off of Versant Media Group is expected to be completed by the end of 2025, allowing Comcast to focus on its core media and connectivity business [6][7] Financial Performance - Adjusted EBITDA for Q3 2025 was nearly flat, decreasing by 0.7% year-over-year to $9.7 billion, with a margin expansion of approximately 64 basis points to 31.0% [3][25] - The Connectivity & Platforms segment saw a slight revenue decline of 0.6% year-over-year to $20.2 billion, while adjusted EBITDA decreased by 3.5% to $8.0 billion [3][11] - The Content & Experiences segment reported a revenue decline of 6.8% to $11.7 billion, but adjusted EBITDA grew by 8.4% to $2.0 billion, driven by strong performance in Theme Parks [3][17] Segment Highlights - The Mobile division added 414,000 new lines, with domestic wireless revenue growing by 14.0% to $1.2 billion [4][14] - Theme Parks revenue increased by 18.7% to $2.7 billion, largely due to the successful opening of Epic Universe [4][18] - Peacock's adjusted EBITDA losses improved significantly, reducing from a loss of $436 million in Q3 2024 to a loss of $217 million in Q3 2025 [4][19] Strategic Initiatives - Comcast is investing in a new go-to-market strategy that includes simplified pricing and improved customer experience, which is expected to create near-term headwinds [5][12] - The company is facing increased competition from fiber and fixed wireless providers, prompting a focus on mobile growth and a converged product strategy [4][28] - Versant Media Group plans to address structural challenges by monetizing digital assets and expanding into adjacent markets post-spin-off [8][35] Valuation Insights - The fair value estimates for Comcast's stub business is $36.20 per share, while the consolidated entity is valued at $39.80 per share [8][42] - Versant is valued at an EV/EBITDA multiple of 6.0x, reflecting its challenges in the linear TV market [41][40] - Comcast's overall valuation reflects its leading position in the broadband market, despite slower growth compared to peers [42][41]

Financial Data and Key Metrics Changes - Total company revenue declined about 3% year over year, primarily due to tough comparisons to last year's Paris Olympics, but excluding that impact, revenue increased nearly 3% driven by strong performance across six growth businesses [14][22] - EBITDA and adjusted EPS were consistent with last year, while free cash flow increased 45% to $4.9 billion [14][24] - Connectivity and platforms EBITDA declined by 3.7% this quarter, reflecting the costs associated with the strategic pivot [11][16] Business Line Data and Key Metrics Changes - Broadband subscribers declined by 104,000 in the quarter, with a seasonal benefit from back-to-school activity offset by intense competition [17] - Convergence revenue grew by 2.5%, supported by mid-teens growth in wireless, with wireless net additions hitting a record of 414,000 [19] - Business services revenue was up 6%, with EBITDA growth of nearly 5%, driven by advanced services adoption [20] Market Data and Key Metrics Changes - Broadband-only customers averaged 800 gigs a month in the third quarter, up 9% year over year [6] - Peacock revenue grew at a mid-teens rate, driven by strength in both advertising and distribution, with advertising up 2.6% [22][84] - The competitive environment for broadband remains intense, with fixed wireless serving price-sensitive segments [5][16] Company Strategy and Development Direction - The company is focusing on three strategic pillars: network, product, and customer experience, with a deliberate investment phase expected to carry costs [6][11] - A new pricing model has been introduced, simplifying offers and enhancing customer experience, with a focus on price transparency [10][15] - The company aims to be a leader in the multi-gig symmetrical broadband market, adapting its approach to compete effectively [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the importance of the leadership transition and the strategic initiatives being implemented [29][30] - The company anticipates continued pressure on ARPU in early 2026 due to the transition to new pricing and packaging [41][46] - Management is confident in the long-term growth potential of broadband and wireless as they navigate the current competitive landscape [48][72] Other Important Information - The company returned $2.8 billion to shareholders this quarter, including $1.5 billion in share repurchases and $1.2 billion in dividends [14][26] - The rollout of the new premium unlimited plan for wireless customers has been successful, enhancing the company's position in the high-value postpaid market [9][19] Q&A Session Summary Question: Context around ARPU evolution and customer migration to new plans - Management indicated that due to investments, ARPU growth is unlikely in 2026, but they are actively migrating customers to new pricing and packaging [40][41] Question: Trajectory of CMP EBITDA next year and OpEx investments - Management acknowledged that while there are investments in sales, marketing, and customer service, they are also rationalizing costs to support the transition [51][55] Question: Speculation about Warner Brothers Discovery and implications for Verizon relationship - Management stated that they are confident in their relationship with Verizon and emphasized that the bar for pursuing M&A is high [59][62] Question: Conversion of free wireless lines to pay and ensuring customer quality - Management highlighted the importance of maintaining quality connections and ensuring a smooth transition for free lines to paid status next year [70][72] Question: Business market trends and competition outlook - Management noted that while competition in the business market is increasing, they have a strong portfolio and are well-positioned for growth [95][96]

Financial Data and Key Metrics Changes - Total company revenue declined about 3% year over year, primarily due to tough comparisons to last year's Paris Olympics, but excluding that impact, revenue increased nearly 3% driven by strong performance across six growth businesses [16][24] - EBITDA and adjusted EPS were consistent with last year, while free cash flow increased 45% to $4.9 billion [16][26] - Connectivity and platforms EBITDA declined by 3.7% this quarter, reflecting the costs associated with the strategic pivot [13][18] Business Line Data and Key Metrics Changes - Broadband subscribers declined by 104,000 in the quarter, with a deceleration in broadband ARPU growth resulting in 2.6% growth this quarter [19][20] - Wireless net additions hit a new record at 414,000, with nearly half of residential postpaid phone connects coming from customers taking a free line [21][88] - Business services revenue was up 6% and EBITDA grew by nearly 5% in the quarter, driven by advanced services like Cybersecurity Cloud Solutions [22] Market Data and Key Metrics Changes - The broadband environment remains intensely competitive, with a focus on simplifying pricing and improving customer experience [7][17] - The media segment, excluding the comparison to last year's Paris Olympics, saw revenue increase by 4%, with Peacock revenue growing at a mid-teens rate [24][102] Company Strategy and Development Direction - The company aims to be a winner in the multi-gig symmetrical broadband market, with a strategy focused on network, product, and customer experience [7][8] - A new pricing model has been introduced, simplifying offers and enhancing customer experience, which is expected to stabilize the broadband customer base [12][20] - The company is investing in sports content to enhance its media business, leveraging live sports to drive viewership and advertising revenue [14][102] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential despite near-term headwinds from the broadband repositioning and the onboarding of sports rights [28][52] - The leadership transition is seen as a positive step towards navigating the company's strategic pivot and achieving sustainable growth [31][33] Other Important Information - The company returned $2.8 billion to shareholders this quarter, including $1.5 billion in share repurchases and $1.2 billion in dividends [16][26] - The company maintains a healthy balance sheet, ending the quarter with net leverage at 2.3 times [27] Q&A Session Summary Question: Context around the evolution of ARPU and customer migration to new plans - Management indicated that due to investments, ARPU growth is unlikely in early 2026, but they are actively migrating customers to new pricing and packaging [42][46] Question: Anticipation of growth rate improvement in convergence - Management is optimistic about the growth rate improving as they continue to market new offers and promotions [44][50] Question: Trajectory of CMP EBITDA next year - Management acknowledged that investments in sales, marketing, and customer service are necessary to support the reset, which will impact EBITDA [60][68] Question: Speculation about Warner Brothers Discovery and implications for Verizon relationship - Management expressed confidence in the relationship with Verizon and emphasized that the bar is high for pursuing any M&A transactions [74][78] Question: Conversion of free wireless lines to pay next year - Management is focused on ensuring quality connections and has strategies in place to transition free lines to paid status effectively [84][88] Question: Advertising outlook and impact of programmatic - Management reported a strong advertising quarter, driven by sports, and noted the increasing use of programmatic and digital advertising [102][104]

Core Points - Comcast announced a $30,000 grant to support the YMCA of Memphis & the Mid-South's Future Ready: Digital Skills for Tomorrow's Workforce program [1][2] - The initiative aims to enhance digital access and prepare youth for success in a digital world [1][6] Grant and Program Details - The Future Ready program will provide hands-on training in digital tools to 50 students aged 13 to 18 [4] - Training includes skills in Adobe, Canva, JavaScript, and photo and video editing [4] - The program is set to run through May 2026 [6] Community Engagement - The announcement included a check presentation, a live classroom demonstration with 25 students, and a volunteer project where Comcast employees packed school supply backpacks [3] - Each backpack contained information about Internet Essentials, Comcast's affordable Internet access program [3] Partnership and Commitment - Comcast has partnered with the YMCA of Memphis & the Mid-South for over a decade, focusing on initiatives that support local families [8] - The investment reflects Comcast's commitment to Memphis, where it has served the community for nearly 20 years [9] Broader Initiative - The Future Ready program is part of Project UP, Comcast's $1 billion initiative aimed at connecting people to the Internet and advancing economic mobility [9] - Comcast emphasizes long-term partnerships and strategic investments to enhance digital opportunity [10]

Core Insights - Comcast is launching a rural broadband expansion project in Kings County, California, which will provide high-speed, symmetrical Xfinity broadband to over 4,000 locations, expected to be completed by late 2026 [1] - The expansion is part of Comcast's broader investment strategy, contributing over $4 billion in technology and infrastructure in California over the past three years, supported by a $21 million Federal Funding Account grant [2] - Comcast is also investing in community initiatives, including a $10,000 contribution to the Kings Community Action Organization to enhance digital access for families [3] Investment and Infrastructure - The new broadband project is a significant addition to Comcast's existing investments, which include over $4 billion in California [2] - The project is funded through a combination of federal grants and private investment from Comcast, highlighting the company's commitment to infrastructure development [2] Community Impact - Comcast's expansion aims to improve local economic mobility and digital access, with initiatives like Internet Essentials, which has connected over 2.2 million Californians since 2011 [7] - The company has invested more than $130.5 million in cash and in-kind donations to California nonprofits focused on digital skills and connectivity [8] Service Offerings - Comcast's residential services under the Xfinity and NOW brands will provide customers with a comprehensive suite of products, including high-speed internet, video, mobile, and home security [5] - For businesses, Comcast Business offers a range of connectivity and cybersecurity solutions, recognized as a leader in flexible and scalable options [6] Network Reliability - Comcast's network is designed to deliver multi-gigabit internet speeds with 99.9% reliability, catering to essential community services and enhancing the quality of life for residents [4]

Core Insights - Companies with a strong history of dividend payments and increases are attractive to income-focused investors, with Comcast, HP, and MAA recently announcing dividend hikes and offering yields over 4% [1] Comcast - Comcast has increased its dividends for 17 consecutive years, with a recent hike of 6.5% to $0.33 per share, translating to an annual payout of $1.32 per share [3] - The current dividend yield for Comcast is 4.47% [3] - As of June 30, Comcast's annual revenue was $124.18 billion, with Q2 2025 revenues of $30.31 billion and EPS of $1.25, both exceeding expectations [4] HP - HP has raised its dividends for nine consecutive years, with a recent increase of 5% to $0.2894 per share, equating to an annual figure of $1.16 per share [6] - The current dividend yield for HP stands at 4.23% [6] - HP's annual revenue as of July 31 was $54.71 billion, with Q3 2025 revenues of $13.93 billion, surpassing the consensus estimate of $13.81 billion, while EPS of $0.75 met expectations [7] Mid-America Apartment Communities (MAA) - MAA is a real estate investment trust focused on owning, managing, and developing quality apartment communities primarily in the Southeast, Southwest, and mid-Atlantic regions of the U.S. [7]