Comcast Corp Stock Price, News & Analysis

Comcast Corporation (NASDAQ: CMCSA) has declared a quarterly dividend of $0.27 per share on its common stock. This dividend is set to be paid on January 25, 2023, to shareholders recorded as of the close of business on January 4, 2023.

Comcast Corporation (CMCSA) reported its Q3 2022 financial results, highlighting solid growth in adjusted EBITDA and adjusted EPS. Revenue decreased by 1.5% to $29.8 billion, with a net loss of $4.6 billion. Adjusted net income increased by 4.5% to $4.2 billion. The Cable segment saw adjusted EBITDA rise by 5.4%, while NBCUniversal's adjusted EBITDA surged 24.6%, fueled by Theme Park demand. However, Sky's revenue declined 14.7%. The company returned $4.7 billion to shareholders, comprising $1.2 billion in dividends and $3.5 billion in share repurchases.

Column6 has integrated FreeWheel’s Beeswax bidder technology to optimize campaigns across its connected TV (CTV) supply. This collaboration aims to provide Beeswax customers with streamlined access to CTV audiences in the Americas, including the U.S., Canada, and Latin America. By 2025, CTV ad spending in the U.S. is forecasted to surpass $30B, showcasing significant growth potential. Column6 continues to expand its footprint in the CTV ecosystem with a large user base across more than 500 million connected devices in Latin America.

Xfinity, part of Comcast, announces enhanced internet speeds for over 20 million households nationwide, starting this week. Key upgrades include speed increases across multiple plans, with the Performance Starter now at 75 Mbps and Extreme Pro at 1 Gbps. This initiative aligns with Comcast's larger goal of deploying multi-gigabit internet, reaching 50 million homes by 2025. Enhanced reliability and security are also highlighted through advanced technology and protective measures against cyber threats, supporting the 10G future of connectivity.

Comcast Business's annual Small Business Cybersecurity Report reveals significant cybersecurity threats to SMBs, with 65% of SecurityEdge™ customers facing blocked attacks. The service prevented 70 million bot activities and 30 million phishing attempts daily from July 2021 to June 2022. Phishing scams predominantly targeted financial and tech sectors. The report emphasizes the vulnerability of small businesses to cyberattacks due to limited resources, underlining the importance of proactive cybersecurity measures.

Xfinity and FaZe Holdings Inc. (Nasdaq: FAZE) announced a partnership to enhance the gaming and youth culture experience. This collaboration will include exclusive college concert events featuring Offset, original content series, and co-branded merchandise. The first concert is set for November 3, 2022, in Boston, followed by another in Atlanta on November 10. Xfinity will also integrate its services into FaZe Clan programming, focusing on promoting internet connectivity for gamers. Additionally, Xfinity Rewards members gain access to exclusive items and experiences.

Comcast Business has enhanced its mobile service, allowing customers to mix and match unlimited and shared data options for up to 20 lines. This flexibility helps small businesses reduce costs while benefiting from features like nationwide 5G coverage and secure WiFi hotspots. Pricing starts as low as $22 per line for unlimited data. Customers can also save by utilizing a Savings Calculator before committing. Available exclusively to Comcast Business Internet customers, this service aims to maximize value for small businesses.

Comcast announced a significant increase in internet speeds for its Xfinity service across 14 states from Maine to Virginia, launching new download speeds up to 2 Gbps and up to 10 times faster upload speeds. This upgrade, part of a multi-gig deployment, will enhance performance for various tiers, including doubling speeds for the Performance Pro tier. Comcast aims to deliver 10G-capable services by 2023, further boosting its broadband capabilities for over 50 million homes by 2025. The enhancements reflect the company's commitment to meet increasing customer demand for faster internet.

Comcast is enhancing Internet speeds for over 20 million Xfinity households this week. The upgrade affects popular plans, offering significant improvements in connectivity for streaming, gaming, and videoconferencing. Key speed increases include 50 to 75 Mbps for Performance Starter and up to 1 Gbps for Extreme Pro. This initiative aligns with Comcast's goal of deploying the nation's largest multi-gig network, aimed to reach 50 million homes by 2025. Xfinity's services focus on delivering unmatched reliability and security, further establishing its competitive edge in broadband.