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Comcast Corp - CMCSA STOCK NEWS

Welcome to our dedicated page for Comcast news (Ticker: CMCSA), a resource for investors and traders seeking the latest updates and insights on Comcast stock.

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.

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On May 26, 2021, Mike Cavanagh, CFO of Comcast Corporation (Nasdaq: CMCSA), will participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference. The event will be webcast live at 9:40 A.M. Eastern Time on the company's Investor Relations website, www.cmcsa.com. An on-demand replay will be available afterward. Comcast is a leading global media and technology company with over 56 million customer relationships, offering broadband, video, and entertainment services through various platforms.

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Comcast has launched seven WiFi-connected "Lift Zones" in western Massachusetts to assist low-income families in accessing the Internet for educational needs. These community centers aim to support hundreds of students by providing reliable internet connectivity, essential for remote learning during the COVID-19 pandemic. Comcast's Internet Essentials program has connected over 10 million people in the U.S. to broadband since 2011, with around 97,000 households in Massachusetts. Additionally, Comcast has pledged $1 billion over the next decade to further address the digital divide.

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Comcast has launched four WiFi-connected "Lift Zones" in Vermont, aimed at helping low-income families access the Internet for educational and essential services. These initiatives are expected to support hundreds of students by providing free WiFi at community centers. Comcast's Internet Essentials program has already connected over 10 million Americans to broadband, with 6,900 households in Vermont benefiting since its inception. Furthermore, Comcast recently announced a $1 billion commitment over the next decade to bridge the digital divide for low-income families.

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On May 12, 2021, Comcast (Nasdaq: CMCSA) will have its President and CEO, Dave Watson, participate virtually in the 8th Annual MoffettNathanson Media & Communications Summit at 9:00 A.M. Eastern Time. A live webcast of the event can be accessed on the Company’s Investor Relations website, with an on-demand replay available afterward. Comcast is a global media and technology company that serves over 56 million customers in the U.S. and Europe through its Xfinity, Comcast Business, and Sky brands.

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Comcast NBCUniversal is launching a campaign for AAPI Heritage Month, themed "We Belong," to celebrate the contributions of the AAPI community. The company is investing over $10 million in media support to promote this initiative across its platforms. The campaign addresses ongoing racism faced by the AAPI community and honors their historical significance. Additionally, Comcast NBCUniversal has pledged $2 million to Asian-led organizations fighting against violence towards this community, alongside nearly $10 million already committed through its foundation.

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Comcast Corporation (NASDAQ: CMCSA) reported impressive Q1 2021 results with revenue growing 2.2% to $27.2 billion and net income soaring 55.1% to $3.3 billion. Cable communications notably performed well, achieving a 12.4% rise in Adjusted EBITDA and adding a record 602,000 customer relationships. Despite challenges, NBCUniversal and Sky showed recovery, with Sky netting 221,000 new relationships, the best in six years. Free cash flow surged 58.8% to $5.3 billion. Overall, Comcast remains optimistic about future growth and innovation.

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Comcast Business has partnered with REC Philly to support 25 local creators and entrepreneurs by providing one-year memberships. This initiative offers access to REC's Creative Facility and essential resources that aid in building sustainable businesses. Many of the creators were financially affected by COVID-19, and the partnership aims to enhance their connectivity through Comcast's high-speed Ethernet Dedicated Internet (EDI) services. REC Philly, co-founded by William Toms and David Silver, has grown significantly, raising over $3 million and expanding its impact on the creative community.

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Comcast announced it will provide 13,000 BIPOC-owned small businesses with grants, technology makeovers, and marketing services through its Comcast RISE initiative. Since November, nearly 2,500 businesses have been selected, including 500 that will receive $10,000 grants in May, totaling $5 million awarded. The program focuses on long-term mentorship and partnerships with organizations like Ureeka to enhance business success. Comcast RISE aims to support historically overlooked communities with marketing resources and technology upgrades to help them thrive.

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Comcast Advertising has appointed Rick Mandler as vice president of growth strategy to enhance revenue growth and market share. This newly created role aims to develop audience-based media solutions through collaboration across the organization. Reporting to Chief Growth Officer Pooja Midha, Mandler will leverage his extensive experience in TV and digital media to support Comcast's global marketing efforts. Mandler previously held a senior vice president position at true[X] and has a 26-year history at ABC and Disney, bringing significant expertise to this pivotal role.

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Comcast has achieved a significant 10G milestone by successfully conducting the first live lab test of the Full Duplex DOCSIS system-on-chip (SOC) device, developed by Broadcom. This technology is poised to enable multigigabit upload and download speeds over its hybrid-fiber coaxial network. The Full Duplex standard enhances network efficiency, allowing Comcast to increase upstream speeds without diminishing downstream capacity. The test demonstrated throughput exceeding 4 Gbps, with plans for further optimizations. This development lays the groundwork for future enhancements in broadband service delivery worldwide.

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FAQ

What is the current stock price of Comcast (CMCSA)?

The current stock price of Comcast (CMCSA) is $38.4 as of December 24, 2024.

What is the market cap of Comcast (CMCSA)?

The market cap of Comcast (CMCSA) is approximately 146.9B.

What is Comcast Corporation known for?

Comcast Corporation is the largest American multinational telecommunications and media conglomerate, offering television, internet, and phone services to millions of US homes and businesses.

What are some of Comcast's key acquisitions?

Comcast acquired NBCUniversal from General Electric in 2011 and Sky in 2018, making it a major player in the media and entertainment industry.

What recent initiative did Comcast announce with The Arc of the United States?

Comcast recently announced a $1 million grant to The Arc to enhance digital equity, support special education advocacy, and provide Spanish-speaking families access to resources.

How does Comcast support the IDD community?

Comcast supports the IDD community through initiatives like The Arc@School Special Education Advocacy Curriculum, Tech Coaching Centers, and targeted outreach to Hispanic communities.

What impact does Comcast's $1 million grant to The Arc have?

The grant will help The Arc enhance its data infrastructure, digital literacy programs, advocacy efforts, and support for Spanish-speaking families, empowering millions of people with disabilities across America.

What is Comcast's vision for digital equity?

Comcast's vision for digital equity is to ensure all individuals, including those with disabilities, have access to technology, skills training, and opportunities for independence and success.

How does Comcast collaborate with The Arc of the United States?

Comcast collaborates with The Arc to provide grants, translate educational resources into Spanish, conduct outreach to Hispanic communities, and support Tech Coaching Centers for people with IDD.

What is the significance of Comcast's partnership with The Arc?

Comcast's partnership with The Arc aims to break down barriers, create equity, and empower individuals with disabilities to thrive by providing access to education, technology, and advocacy.

How does Comcast contribute to social impact and corporate responsibility?

Comcast demonstrates social impact and corporate responsibility through initiatives like Project UP, which aims to advance digital equity, support the IDD community, and create a future of unlimited possibilities.

What are some key highlights of Comcast's recent activities?

Some key highlights of Comcast's recent activities include the $1 million grant to The Arc, support for Tech Coaching Centers, advocacy for special education, and empowering individuals with disabilities through technology and resources.

Comcast Corp

Nasdaq:CMCSA

CMCSA Rankings

CMCSA Stock Data

146.94B
3.79B
0.7%
87.35%
1.51%
Telecom Services
Cable & Other Pay Television Services
Link
United States of America
PHILADELPHIA