Comcast Corp Stock Price, News & Analysis

Comcast NBCUniversal has launched the NBC Olympics VR by Xfinity App, delivering over 150 hours of live and on-demand virtual reality coverage of the 2022 Winter Olympics in stunning 8K resolution. This immersive experience allows viewers to enjoy various sports, including figure skating and snowboarding, as well as the Opening and Closing Ceremonies. Users can participate in virtual watch parties and interact with friends during live broadcasts. The app is available for download on the Meta Quest 2 app store.

SkyShowtime, a joint venture between Comcast (CMCSA) and ViacomCBS (VIAC, VIACA), has received full regulatory approval to launch in over 20 European markets. This new streaming service will target approximately 90 million homes, offering an extensive library of 10,000 hours of content across various genres. CEO Monty Sarhan aims to deliver compelling entertainment to consumers. The official launch is expected later this year, with further details on pricing and specifics to follow.

FreeWheel has launched a new Partner Certification Program to enhance the media supply chain efficiency for TV buyers and sellers. The program certifies integrated partners based on specific criteria, facilitating optimal campaign execution and simplifying connections in a fragmented TV landscape. Inaugural partners will have access to the Knowledge Management portal and support services. The program aims to evolve with the industry, addressing the needs of advertisers and ensuring better collaboration among all market players.

Comcast has announced a new Winter Olympics viewing experience across its entertainment platforms, allowing customers to access over 2,800 hours of live and on-demand coverage free through Peacock's Premium tier. Users can simply say “Olympics” into their voice remote for instant access. Features include a comprehensive hub, personalized content, interactive schedules, and 4K HDR live coverage. This initiative aims to enhance customer engagement and provide seamless access to Olympic events, showcasing Comcast's commitment to innovation and customer experience in the media space.

Comcast Corporation (NASDAQ: CMCSA) has announced an 8% increase in its annual dividend, raising it by $0.08 to $1.08 per share. This reflects the company's commitment to enhancing shareholder value, with the quarterly dividend set at $0.27 per share, payable on April 27, 2022. Additionally, the Board of Directors has authorized a significant $10 billion increase in its share repurchase program, effective from January 1, 2022, aiming to further boost shareholder returns.

Comcast Corporation (CMCSA) reported record financial performance for 2021, achieving highest annual revenue, adjusted EBITDA, EPS, and free cash flow. Revenue grew 12.4% to $116.4 billion, with net income up 34.4% to $14.2 billion. Adjusted EPS increased 23.8% to $3.23, while adjusted EBITDA rose 12.6% to $34.7 billion. The company announced a dividend increase of 8% for 2022, marking the 14th consecutive year of dividend growth. Significant gains were noted in broadband and wireless customer additions, despite losses in video and voice segments. Comcast emphasized its commitment to network capacity and high-quality streaming content.

Comcast Business has partnered with Nokia to enhance its enterprise connectivity portfolio by introducing 5G private wireless networks. This partnership aims to support connected ecosystems and improve organizational operations, specifically at the Wells Fargo Center in Philadelphia, set for launch in Q1 2022. The deployment will enhance fan experience and provide critical operational data. The solution offers high-speed, reliable connectivity while addressing the unique needs of various organizations.

Comcast has partnered with Team Gleason to enhance technology solutions for individuals with physical and speech disabilities, particularly those with ALS. This collaboration will focus on improving the Xfinity Adaptive Remote, first launched in 2019, which allows users to control their home entertainment via assistive tech. The latest update introduces customizable buttons for enhanced usability. This initiative aims to increase accessibility and independence for users, leveraging feedback from individuals with disabilities and expert networks.

Comcast has successfully tested a prototype 10G modem using DOCSIS 4.0 technology, achieving upload and download speeds faster than 4 Gbps. This milestone, part of Comcast's 10G initiative, demonstrates the potential to deliver multigigabit speeds to millions of homes. The test highlights the capabilities of Broadcom's Full Duplex DOCSIS 4.0 system-on-chip modem and further solidifies Comcast's commitment to enhancing network reliability and performance. As the company prepares for future developments, customers can expect increased speed and lower latency.