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 (NASDAQ: CMCSA) is a global connectivity and media leader providing essential services through its Xfinity broadband network, NBCUniversal entertainment properties, and Sky international television platforms. This news hub offers investors and industry observers direct access to official updates across all business segments.
Track critical developments including quarterly earnings disclosures, infrastructure expansion announcements, content partnership agreements, and regulatory filings. Our curated collection features press releases about Xfinity service innovations, NBCUniversal programming updates, Sky international operations, and corporate sustainability initiatives.
Monitor strategic moves in key growth sectors like broadband deployment, streaming platform development (Peacock), and next-generation entertainment technologies. The archive includes financial filings, executive leadership statements, and operational updates essential for understanding Comcast's position in competitive telecom and media markets.
Bookmark this page for continuous access to unfiltered corporate communications from one of America's largest broadband providers and content creators. Check regularly for updates on network expansions, content licensing deals, and technological advancements shaping the future of connectivity and entertainment.
Comcast is set to premiere two documentaries on February 16, 2023, in celebration of Black History Month. The second season of Founding in Color, a docuseries highlighting 11 Black and Latino entrepreneurs, will air on Peacock and Black Experience on Xfinity. Additionally, The Road to RISE will showcase the challenges faced by four small business owners affected by the COVID-19 pandemic. Both projects underscore Comcast's commitment to supporting diverse voices and fostering entrepreneurship.
Comcast has signed contracts with Indiana's Office of Community & Rural Affairs to deploy gigabit-capable broadband service to unserved areas across 19 counties. This initiative under the Next Level Connections Broadband Grant Program aims to connect over 10,000 homes and businesses, utilizing 1,200 miles of fiber. Comcast is investing $36 million alongside the state's $13.6 million contribution to enhance its network, which has already seen over $500 million invested over the past three years. The expansion is expected to be completed within two years, increasing access to essential internet services for rural communities.
Comcast NBCUniversal has announced the addition of its 11th cohort of Hiring Our Heroes (HOH) fellows, comprising five military service members. Over 12 weeks, these fellows will gain experience in the media and tech industries as they transition to civilian roles. Comcast has partnered with HOH since 2018, hiring nearly 20,000 veterans and providing them with resources and benefits. The company values the unique skills veterans bring, enhancing its inclusive culture. This initiative demonstrates Comcast's commitment to military hiring, honoring its founder’s legacy of supporting veterans.
Havas Media Group has selected FreeWheel as its preferred supply-side platform (SSP) partner for premium video inventory in the U.S. This partnership aims to enhance the scale of connected TV (CTV) campaigns and improve financial and operational transparency. Key benefits include optimized supply paths providing direct access to over 90% of premium video inventory, fair auction mechanics, and a simplified media supply chain with stringent quality standards. Both companies aim to address industry challenges and improve programmatic CTV buying.
Comcast Corporation emphasizes its ongoing commitment to closing the digital divide through community initiatives and partnerships. The recent digital equity tour included an impactful summit in Atlanta, where inspiring stories emerged, like that of Shanard, who, after being incarcerated, accessed Comcast's Internet Essentials program and transformed his life through online education and entrepreneurship. The company donated laptops to KIPP Vision Primary and Academy School, aiding students in overcoming learning loss from the pandemic. Comcast's dedication to digital equity aims to bridge gaps in education, housing, and economic disparities, focusing on a future filled with unlimited possibilities.
Comcast Corporation (NASDAQ: CMCSA) has announced a 7.4% increase in its annual dividend, raising it to
Comcast Corporation (NASDAQ: CMCSA) reported record financial results for Q4 and FY 2022, achieving the highest revenue, Adjusted EBITDA, and EPS in its history. Key highlights include:
- Q4 revenue rose 0.7% to $30.6 billion.
- Full-year revenue increased 4.3% to $121.4 billion.
- Adjusted EPS grew 12.7% to $3.64.
- Free cash flow was $12.6 billion, down 26% year-over-year.
- The company returned $17.7 billion to shareholders, marking its 15th consecutive dividend increase.
- Peacock subscribers more than doubled to 20 million.
Despite achieving numerous milestones, the company faced challenges, including a significant decline in net income, partly due to increased severance expenses.
Comcast Corporation is advancing efforts to bridge the digital divide through its Project UP initiative. A recent study by the Boston Consulting Group highlighted that over 65% of participants gained internet access or devices thanks to Digital Navigators. In Detroit, teens from the Boys & Girls Club assisted seniors at St. Patrick Senior Center in navigating the internet, enhancing their digital skills. The initiative aims to foster internet confidence among seniors, addressing barriers faced by older adults in accessing technology. Comcast's investment in community-based programs aims to further improve broadband adoption nationwide.
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