Comcast Corp Stock Price, News & Analysis

Comcast NBCUniversal announced a donation of $2 million to assist relief efforts in Florida following Hurricane Ian. This includes $1 million in cash to the Florida Disaster Fund and contributions to several organizations such as United Way and the American Red Cross. Local Comcast crews are actively repairing network damages, while the company has opened over 200,000 Xfinity WiFi hotspots for public use. Comcast aims to support its employees and strengthen the community through ongoing disaster assistance initiatives.

FreeWheel and Comscore have announced a partnership enhancing Connected TV (CTV) contextual targeting on the Beeswax platform. This integration allows advertisers to utilize Comscore's Predictive Audiences and CTV brand protection tools, aimed at improving impression identification and viewer targeting while ensuring privacy. This development, prompted by a 21% rise in contextual advertising investments, leverages Comscore's extensive data and technology. FreeWheel aims to continuously optimize CTV buying solutions for its users, ensuring relevance and brand safety in a fragmented video ecosystem.

Comcast Corporation (NASDAQ: CMCSA) will hold a conference call to discuss its third-quarter financial results on October 27, 2022, at 8:30 a.m. ET. A press release detailing the results will be issued earlier that morning. The call will be accessible live on the company's Investor Relations website. Interested parties can participate by dialing 929-477-0338 with the passcode 876679. A replay will be available starting at 11:30 a.m. ET on the same day. Comcast is a global media and technology company focused on connectivity, with a customer base of 57 million.

Comcast announces it will distribute $1 million in grants to 100 small businesses owned by women and people of color in Broward and Miami-Dade Counties as part of its Comcast RISE program. The application period runs from October 3-16. This initiative brings the program's total investment to $2 million in South Florida. Since its launch, Comcast RISE has awarded $21 million in grants nationwide, supporting diverse business ownership.

Comcast has partnered with Samsung to enhance 5G connectivity for its Xfinity Mobile and Comcast Business Mobile customers across the U.S. Samsung will supply 5G Radio Access Network (RAN) solutions, utilizing Citizens Broadband Radio Service (CBRS) and 600MHz spectrum. The collaboration aims to deliver superior coverage and speeds, leveraging Comcast’s existing infrastructure without the need for additional cell sites. The companies are currently conducting field trials of the new 5G solution to expand service availability.

Monumental Sports & Entertainment (MSE) has officially completed the acquisition of NBCUniversal's 67% stake in NBC Sports Washington from Comcast Corporation. MSE previously owned 33% of the regional sports network, giving it full control. NBC Sports Washington is the local TV rights holder for games of the Washington Wizards and Capitals. NBCUniversal will continue to provide operational support for 18 months following the acquisition. The network will retain its current name through the 2022-23 season, with a rebranding planned for 2023-24.

Comcast has successfully completed a world-first test of 10G amplifier technology, achieving download speeds of 6 Gbps and upload speeds of 4 Gbps. This marks a crucial step in delivering multi-gigabit symmetrical services across its network. Live trials are set to begin later this year, with full deployment expected before the end of 2023.

The new technology allows Comcast to provide advanced internet services to millions of homes without needing extensive infrastructure upgrades, enhancing reliability and reducing latency for applications like gaming and telehealth.

Comcast announced plans at SCTE Cable-Tec Expo 2022 to enhance its network energy efficiency by 2030, aiming to cut electricity consumption per data terabyte in half. The initiative is part of a nationwide transformation to virtual, cloud-based technologies, improving broadband speed and sustainability. Comcast also set a carbon neutrality goal for its operations by 2035, primarily focusing on renewable energy investments. Additionally, the company powered the Expo with 100% clean energy, underscoring its commitment to environmental efforts.

Comcast Business has completed a $2 million fiber network expansion in Philadelphia's Food Distribution Center, enhancing service to over 70 businesses. The network now provides Internet speeds of up to 100 Gbps for larger enterprises and 1.2 Gbps for small- and medium-sized businesses. This initiative supports critical operations including inventory tracking for food distributors. Since 2015, Comcast has invested nearly $102 million in network expansions, benefiting over 24,000 businesses in the Greater Philadelphia and New Jersey areas.