Comcast Corp Stock Price, News & Analysis

Comcast Corporation has announced an $8.3 million broadband expansion in Hampton County, South Carolina, benefitting 2,150 homes and businesses. This makes Hampton the first community in South Carolina to be connected under Comcast's public-private partnership with the state. The initiative aims to enhance digital access, with eligible residents receiving a credit of up to $30 monthly through the Affordable Connectivity Program. This move aligns with Comcast's broader Project UP initiative to promote digital equity.

Comcast has announced a $500,000 investment in 17 Boston-area nonprofits to enhance digital access and skills. The funding will support programs aimed at providing Internet access and digital literacy training. This initiative is part of Project UP, a $1 billion commitment to promote digital equity. Key recipients include Tech Goes Home and Central Boston Elder Services, focusing on establishing digital navigator programs to assist community members. The initiative aims to bridge the digital divide and empower residents, especially low-income households, to access essential online resources.

Fox Corporation has partnered with FreeWheel to enhance its OneFOX video inventory across its entertainment, sports, and news brands. This agreement aims to provide innovative advertising solutions, manage direct sold ad campaigns, and unify video inventory for better campaign management. Key benefits include improved data insights and targeted audience reach. Dan Callahan from FOX emphasizes the partnership's goal of optimizing brand visibility across its portfolio, while FreeWheel's Mark McKee highlights the importance of streamlining ad supply in a fragmented market.

Comcast hosted its inaugural Demo Day at the Comcast Technology Center in Philadelphia, showcasing 11 startups from the Comcast NBCUniversal LIFT Labs Accelerator. Each startup announced securing 24 pilots and proofs of concept with key partners including Comcast, NBCUniversal, and Sky. The program has facilitated meaningful collaborations, with every company in the cohort achieving pilot announcements, highlighting the accelerator's role in driving innovation and partnership opportunities.

Charter Communications (NASDAQ: CHTR) and Comcast (NASDAQ: CMCSA) have rebranded their streaming platform joint venture to Xumo. This change marks a shift from a free ad-supported streaming service to a comprehensive entertainment ecosystem, combining streaming devices and content delivery. The Xumo brand has been recognized for its innovative approach since 2011. The Flex streaming device will now be known as Xumo Stream Box, and the XClass TV will become Xumo TV. The Xumo Play service will continue to offer a variety of linear channels and on-demand options.

Comcast has surpassed its goal of launching over 1,250 ‘Lift Zones’ across the U.S. by the end of the year, providing free high-speed WiFi in community centers. Since September 2020, these zones have facilitated nearly six million user sessions. A recent survey reveals that 40% of users would lack internet access without Lift Zones, and 92% believe they enhance digital equity. This initiative is part of Comcast’s Project UP, backed by a $1 billion commitment to advance digital equity and internet access.

Comcast announced that Xfinity Mobile has surpassed five million customer lines in just five years, making it one of the fastest-growing mobile services in the U.S. Recognized for exceptional customer satisfaction by the ACSI, Xfinity Mobile offers competitive pricing and the fastest service in its areas. The service boasts no contracts and flexible payment options, including a new unlimited 5G plan priced at $30 per line. Customers can save up to $600 a year by switching to Xfinity Mobile.

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.