Comcast Corp Stock Price, News & Analysis

Comcast Corporation (NASDAQ: CMCSA) has declared a quarterly dividend of $0.25 per share on its common stock. This dividend is payable on October 27, 2021 to shareholders of record as of the close of business on October 6, 2021. This announcement underscores the company’s commitment to returning value to its shareholders amidst its ongoing focus on broadband and streaming services across North America and Europe.

Comcast Corporation (CMCSA) reported strong Q2 2021 results, with revenue increasing by 20.4% to $28.5 billion and net income rising 25.1% to $3.7 billion. Adjusted EBITDA grew 12.6% to $8.9 billion, with notable growth in Cable Communications (revenue up 10.9%) and NBCUniversal (revenue up 39.2%). The company resumed its share repurchase program, returning $1.7 billion to shareholders. Despite challenges in video subscriptions, broadband and wireless segments thrived, contributing positively to the overall growth.

Comcast Business has launched Comcast Business Mobile, a wireless service tailored for small businesses, offering flexible data plans and nationwide 5G coverage. Exclusively available to Comcast Business Internet customers, it allows up to 10 lines with no access fees. Pricing includes unlimited data starting as low as $24 per line and shared data options. The service utilizes Comcast’s established network, which has been recognized for reliability. This launch aims to enhance mobile connectivity for small business owners and their teams.

Comcast announced enhanced Olympic viewing features for Xfinity customers, aiming to elevate the experience across X1, Flex, and the Xfinity Stream app. With robust personalization, real-time curated content, and for the first time, live coverage in 4K HDR, the company plans to engage more viewers. Key offerings include aggregated NBCUniversal coverage, themed playlists, and Spanish-language options. This rollout highlights Comcast's commitment to setting a new standard in live event broadcasting, leveraging technology to cater to diverse customer preferences.

Comcast Corporation has appointed Broderick D. Johnson as Executive Vice President, Public Policy and Digital Equity. He will lead the Public Policy team, reporting to Tom Reid, and succeed Rebecca Arbogast. Johnson brings over three decades of experience in public policy, having served in senior roles under two U.S. Presidents. Comcast also announced a $1 billion commitment to enhance digital equity, aiming to reach 50 million Americans over the next decade through initiatives like the Lift Zone and Internet Essentials programs.

Comcast Business has secured two multimillion-dollar contracts from the Defense Information Systems Agency (DISA) to upgrade legacy telecommunications to Ethernet-based services. The contracts for CEG Region 4 and Region 5 amount to $84.2M and $71.6M, respectively, over ten years. Comcast has now won four out of seven CEG regions, totaling more than $267M. These improvements aim to enhance network performance and reduce costs for the Department of Defense.

Comcast Business has secured a 10-year, $102.8M contract from the Defense Information Systems Agency (DISA) to enhance network connectivity and performance via Ethernet across the Defense Information Systems Network (DISN). Selected over four competitors, Comcast will replace 17,000 legacy PSTN circuits with its Ethernet Virtual Private Line (EVPL) service, designed to improve application performance and manage costs. This contract reinforces Comcast Business' status as a leading provider of communication solutions for government agencies.

The newly formed initiative, Go Addressable, aims to enhance addressable TV capabilities for advertisers. Participants include major U.S. television distributors such as Comcast, DISH Media, and smart TV brand VIZIO. Go Addressable focuses on addressing industry challenges, promoting education, and advocating for unified measurement and planning tools. By simplifying the buying and selling of addressable TV campaigns, the initiative seeks to drive efficiency and value for advertisers. The group anticipates that increased participation will accelerate the adoption of addressable advertising in the TV ecosystem.

Comcast Corporation will host a conference call on July 29, 2021, at 8:30 a.m. ET to discuss its second-quarter financial results. A press release detailing these results will be issued earlier that morning. Interested parties can listen live on Comcast's Investor Relations website or via telephone using conference ID 2883365. A replay will be accessible starting at 12:00 p.m. ET on the same day through the website or phone until August 5, 2021.

Comcast serves over 56 million customers in the U.S. and Europe, focusing on broadband, streaming, and media.