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Comcast Corporation, headquartered in Philadelphia, is the largest American multinational telecommunications and media conglomerate. With a core cable business servicing 63 million US homes and businesses, Comcast also owns NBCUniversal, Sky, CNBC, MSNBC, USA, Universal Studios, and more. Recently, Comcast announced a $1 million grant to The Arc of the United States to enhance digital equity and advocate for the IDD community.
A new National Skills Coalition survey reveals strong public support for digital skills training and its economic impact. 73% of respondents believe expanding digital skills is important for economic improvement, while 82% support increased funding for such training. The survey also found that 69% of voters are more likely to support political candidates who champion digital skills investments.
Comcast, through its Project UP initiative, is committed to advancing digital equity and supporting workforce development. The company emphasizes the importance of digital skills in various industries and the role of training programs in creating economic opportunities. The survey highlights consistent support across demographic segments, with 90% of respondents believing digital skills will remain important throughout their careers.
Comcast Business has been recognized as a Leader in Managed SD-WAN Services and SDN Transformation Services by Information Services Group (ISG) in its 2024 ISG Provider Lens™ report. This marks the third consecutive year Comcast Business has received this distinction. The report evaluates 40 providers across four quadrants, including Managed SD-WAN, SDN Transformation Services, Edge Technologies, and SASE.
Comcast Business offers fully secure, managed SD-WAN services with tailored customer-centric co-management options. Their solutions can scale to meet the needs of businesses of all sizes in both single- and multi-tenant environments. This recognition underscores Comcast Business's position as a global partner for advanced connectivity and secure networking.
Comcast and Boys & Girls Clubs of Southeastern Michigan are collaborating to bring the excitement of the Olympic Games Paris 2024 to over 200 children in Detroit. The event includes a Field Day with various sports activities and an Opening Ceremony watch party at the Dick and Sandy Dauch Campus. Detroit City Council members will participate in refereeing and timing events.
Participants will receive medals and laptops donated by Comcast as part of Project UP, a $1 billion commitment to advance digital equity. The initiative aligns with BGCSM's mission to empower youth through sports programming and life skills development. Comcast, an official partner of Team USA through 2028, aims to inspire the next generation and unlock future possibilities for Detroit's youth.
Xfinity's short film 'The Aviators', directed by Oscar-winner Kathryn Bigelow, brings together four Vietnam-era military pilots in their 70s for a unique reunion. The film, part of Xfinity's newest advertising campaign, features Jim Lloyd, Jack Gillett, Bill Moir, and Elester Latham as they reconnect and share stories around a poker table.
Three of the veterans served in the same Navy squadron during the Vietnam War, while Latham, a retired Air Force pilot, also served as a Marine. The project not only showcases their camaraderie but also pays tribute to a generation of aviators who shaped history. Academy Award winners Hans Zimmer, Greig Fraser, and Paul N.J. Ottoson also collaborated on the film, adding to its prestige.
Comcast has unveiled Passport to Paris, an innovative interactive experience for Xfinity customers during the 2024 Paris Olympic and Paralympic Games. This 'watch to unlock' feature rewards Xfinity Rewards members with digital passport stamps for watching live Olympic coverage on NBCUniversal networks and Peacock. Customers can earn more rewards through quizzes and polls, with the first 20,000 participants receiving a -edition Olympic Games pin and stamp.
The experience, accessible through the Olympics hub on Xfinity X1, aims to enhance viewer engagement and set the stage for future developments in e-commerce and blockchain-enabled collecting. Comcast is also rolling out other features for the Olympics, including enhanced 4K and interactive athlete experiences, as part of its strategy to evolve home entertainment and capture opportunities in live sports.
NBCUniversal is set to premiere 'In the Company of Heroes', a 22-minute feature narrated by Matt Damon, during its coverage of the Olympic Games Paris 2024. The piece honors the 80th anniversary of D-Day, featuring interviews with surviving veterans who revisited Normandy in 2023.
Produced by David Picker and Ron Vaccaro, the feature highlights the Best Defense Foundation, founded by former NFL player Donnie Edwards, which organized the veterans' trip. A 4-minute preview will air during the U.S. Olympic Team Trials on June 8, 2024, at 2 p.m. ET on NBC and Peacock.
The Paris Olympics, scheduled for July 26-Aug. 11, 2024, will be the third time Paris hosts the Games. NBCUniversal plans extensive coverage across its broadcast network and Peacock streaming service, with competitions set against iconic Parisian landmarks.
Comcast (Nasdaq: CMCSA) has announced a quarterly dividend of $0.31 per share on its common stock. The dividend will be payable on October 23, 2024, to shareholders of record as of the close of business on October 2, 2024. This announcement demonstrates Comcast's commitment to returning value to its shareholders through regular dividend payments. Investors interested in receiving automatic updates on Comcast's financial news can subscribe to E-mail Alerts on the company's website at www.cmcsa.com.
Comcast (NASDAQ: CMCSA) reported its Q2 2024 results with some key figures showing mixed performance.
Adjusted EPS rose by 7.0% to $1.21. The company returned $3.4 billion to shareholders through dividends and share repurchases.
However, some metrics showed declines: Revenue fell 2.7% to $29.7 billion, Net Income dropped 7.5% to $3.9 billion, and Free Cash Flow decreased by 60.9% to $1.3 billion.
In its Connectivity & Platforms segment, Adjusted EBITDA increased by 1.6% to $8.5 billion, setting a record margin of 41.9%. The Media segment's Adjusted EBITDA also grew by 9%, driven by Peacock's strong performance, which saw a 38% increase in paid subscribers.
However, the Studios and Theme Parks segments faced challenges with lower revenues and Adjusted EBITDA.
Despite these mixed outcomes, the company remains optimistic about future growth, supported by upcoming events like the Paris Summer Olympics.
Comcast has activated a new $7.5 million fiber Internet network in Miami-Dade's 33155 and 33143 zip codes, bringing high-speed connectivity to parts of South Miami, Coral Terrace, and West Miami. The network offers residential speeds up to 1.2 Gbps and business speeds up to 100 Gbps, with symmetrical upload and download capabilities. This investment provides thousands of homes and businesses with access to Xfinity and Comcast Business services for the first time.
The new fiber-to-the-home technology aims to support remote work, gaming, and other high-bandwidth activities. Comcast's network powers over 1 billion devices annually and offers advanced features like ultimate capacity, fastest Internet, unprecedented coverage, and ultra-low latency. The company is also rolling out DOCSIS 4.0 technology for symmetrical gigabit speeds over existing connections.
Per Scholas, a national tech training nonprofit, has launched a new campus in Kansas City, partnering with Great Jobs KC to provide no-cost IT training and career development. The 13-week program offers CompTIA A+ and Google IT Support certifications, aiming to address the growing demand for skilled IT professionals in the region.
The initiative is supported by Comcast NBCUniversal, Cortex, Missouri Tech First Initiative, and the NFL Foundation. Per Scholas Kansas City's inaugural cohort began in May, with applications open for upcoming cohorts. The program targets diversity, with 85% of learners being people of color and over 40% women. Graduates have shown to earn three times their pre-training wage in their first job after completion.
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