About the Company
Comcast Corporation (simply known as Comcast, and formerly known as American Cable Systems and Comcast Holdings), incorporated and headquartered in Philadelphia, is an American multinational telecommunications and media conglomerate. The corporation is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T). It is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. In 2023, the company was ranked 51st in the Forbes Global 2000. Comcast is additionally the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. As the owner of the international media company NBCUniversal since 2011, Comcast is also a high-volume producer of feature films for theatrical exhibition and television programming, and a theme park operator. It is the world's third-largest telecommunications company by revenue. Comcast owns and operates the Xfinity residential cable communications business segment and division; Comcast Business, a commercial services provider; and Xfinity Mobile, an MVNO of Verizon. Through NBCUniversal, it also owns and operates over-the-air national broadcast network channels such as NBC, Telemundo, TeleXitos, and Cozi TV; multiple cable-only channels such as MSNBC, CNBC, USA Network, Syfy, Oxygen, Bravo, and E!; the film studio Universal Pictures; the VOD streaming service Peacock; animation studios DreamWorks Animation, Illumination, and Universal Animation Studios; and Universal Destinations & Experiences. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. Since October 2018, it has also been the parent company of Sky Group. Comcast has been criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry during the years 2008–2010. It has violated net neutrality practices in the past, and, despite its commitment to a narrow definition of net neutrality, critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet. Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.
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Latest $CMCSA News
Comcast is set to report earnings before the bell. Here's what Wall Street expects
Comcast posted quarterly earnings and revenue that beat expectations. The company lost more broadband subscribers, but ...
Comcast earnings beat expectations as Peacock losses narrow
Comcast scored a profit beat for the latest quarter, and that seemed to be overshadowing another drop in broadband ...
Comcast Q1 Earnings: Revenue Beat, EPS Beat, Peacock Subscribers Up 55% YoY And More
Comcast Corp (NASDAQ:CMCSA) shares are trading lower on the heels of the company’s first-quarter financial results. Here’s a ...
Comcast tops revenue estimates on streaming growth, strong park attendance
Comcast beat quarterly revenue estimates on Thursday driven by higher-than-expected subscriber growth at its Peacock ...
Why Comcast Stock Is Tumbling Despite an Earnings Beat
Entertainment and media conglomerate Comcast reported first-quarter profit and revenue above expectations Thursday but shares ...
Comcast Corp (CMCSA) Q1 2024 Earnings: Steady Growth Amid Market Challenges
On April 25, 2024, Comcast Corp ( NASDAQ:CMCSA) disclosed its financial results for the first quarter ended March 31, 2024, ...
Peacock Adds 3 Million Paid Subscribers as Comcast Posts Revenue Bump
Comcast's Peacock gained three million paid subscribers in the March quarter, aided by its airing of an NFL Wild Card playoff ...
Comcast Ekes Out Q1 Profit Despite Cord-Cutting, Tepid Ad Spending
Comcast said first quarter profit increased slightly despite erosion of video customers and a sluggish U.S. ad market ...
Comcast President Deflects M&A Talk, Reiterates Focus On Growing Existing Businesses
Michael Cavanagh highlights "the idea of taking our well-generated capital across our businesses and, first and foremost, investing them back," adding that a strong balance sheet "allows you to sleep ...
Comcast's (NASDAQ:CMCSA) Q1 Earnings Results: Revenue In Line With Expectations
Telecommunications and media company Comcast (NASDAQ:CMCSA) reported results in line with analysts' expectations in Q1 CY2024 ...
Comcast Corp. Q1 Profit Increases, beats estimates
(RTTNews) - Comcast Corp. (CMCSK) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates. The company's earnings came in at $3.86 billion, ...
Comcast Stock Fits The 10x EBT Rule Nicely (Rating Upgrade)
Comcast Corporation has strong ROCE and reinvestment rates sustained by its strong cash generation. Check out why CMCSA stock ...
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