Comcast Corp - CMCSA STOCK NEWS

Comcast's Internet Essentials program has initiated a significant workforce development program in Baltimore City, allocating $200,000 in grants and distributing 3,000 laptops to various organizations focused on education and digital equity. Key partners include the Community College of Baltimore County and Baltimore City Community College. The $30,000 grant from CCBC will assist under-resourced students. Comcast's Project UP aims to enhance digital equity with a $1 billion commitment over the next ten years to reach 50 million people.

Comcast Corporation (Nasdaq: CMCSA) will have its President and CEO, Dave Watson, speak at the UBS Global TMT Virtual Conference on December 7, 2021, at 10:00 A.M. Eastern Time. Investors can access a live webcast on the company's Investor Relations website. Following the event, an on-demand replay will also be available. Comcast continues to expand its reach with 57 million customer connections in the U.S. and Europe, focusing on broadband, streaming, and entertainment.

FreeWheel has announced enhanced programmatic buying features integrated into its platform, following the acquisition of Beeswax. This move aims to streamline TV buying and selling by allowing clients to programmatically access additional premium TV and video inventory. The integration includes advanced bidding algorithms, enabling publishers to manage their inventory and optimize advertising campaigns seamlessly. FreeWheel is piloting this solution with select customers and plans a full rollout in early 2022.

Comcast NBCUniversal has welcomed PGA TOUR and WWE into its SportsTech Accelerator, enhancing support for startups focused on sports technology. This accelerator has already established 29 partnerships since its inception in 2021, indicating significant growth. The next cohort of startups will be announced on February 21, 2022. With advisors from major sports brands and organizations, the program aims to innovate fan engagement, athlete performance, and other areas. Comcast continues to leverage technology for an enhanced consumer experience in sports.

Comcast has partnered with eight startups following their participation in the 2021 Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars. These companies, based in countries like France, Switzerland, Israel, and Sweden, presented innovative technologies in immersive entertainment and future work. Notable mentions include Employee Cycle, Hollo, and Nagish, each targeting multi-billion markets. Since 2018, the accelerator has helped 43 startups raise $85 million. Sam Schwartz, Comcast's Chief Business Development Officer, expressed excitement about the potential of these new partnerships to impact various sectors.

Comcast Corporation (NASDAQ: CMCSA) recently declared a quarterly dividend of $0.25 per share on its common stock. The dividend will be payable on January 26, 2022, to shareholders recorded as of the close of business on January 5, 2022. This decision reflects the company's ongoing commitment to return value to its shareholders while maintaining strong customer relationships across its broadband and media operations.

Comcast Corporation (CMCSA) reported strong financial results for Q3 2021, with revenues of $30.3 billion, an 18.7% increase year-over-year. Net income surged 99.8% to $4.0 billion, while Adjusted EBITDA rose 18.1% to $9.0 billion. Key highlights include a 10.3% growth in cable communications EBITDA and significant gains in wireless customer additions. NBCUniversal also showed recovery in theme parks and media segments, while returning $2.7 billion to shareholders. However, some segments showed declining video and voice customers as competition intensifies.