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 Corporation (CMCSA) reported its Q1 2023 results, achieving Adjusted EBITDA growth of 2.9% to $9.4 billion and an Adjusted EPS increase of 7.0% to $0.92. Revenue decreased by 4.3% to $29.7 billion, influenced by prior year's events including the Olympics and Super Bowl.
Net income rose 8.0% to $3.8 billion, while free cash flow dropped 20.2% to $3.8 billion. The company returned $3.2 billion to shareholders through dividends and share repurchases. Connectivity & Platforms Adjusted EBITDA rose 3.2% to $8.1 billion, with broadband revenue up 4.8%. Peacock subscribers surged over 60% to 22 million.
Comcast has announced the rollout of its Xfinity 10G Network enhancements in Jacksonville, Florida, enhancing internet capabilities for both residential and business customers. This deployment will introduce symmetrical multi-gigabit Internet options, allowing for a more reliable connection to support various data-heavy applications such as remote work, streaming, gaming, and virtual reality. Key highlights include delivering gig speeds, improved capacity, and ultra-low latency. The upgraded network supports nearly 1 billion devices annually and is expected to cater to more than a third of gigabit speed subscribers. With a reach of 60 million homes, Comcast's network expansion aims to provide a competitive edge against fixed wireless providers. Additionally, a new cellular and battery backup device is planned to ensure connectivity during outages.
Comcast NBCUniversal has appointed Mona Dexter as Vice President of Military & Veteran Affairs, succeeding Brig. Gen. (Ret.) Carol Eggert.
Mona comes from the U.S. Chamber of Commerce Foundation, where she led the Hiring Our Heroes program.
She aims to enhance military hiring, inclusivity programs, and community engagement for military customers and families. Since 2015, Comcast has hired nearly 21,000 veterans and military spouses, earning recognition for being a top military employer in 2022.
The leadership of Carol Eggert is acknowledged for the progress in military engagement, and Comcast expresses gratitude for her service. The company looks forward to Mona’s success in continuing this commitment to the military community.
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