Comcast Corp Stock Price, News & Analysis

Comcast has launched four WiFi-connected "Lift Zones" in Vermont, aimed at helping low-income families access the Internet for educational and essential services. These initiatives are expected to support hundreds of students by providing free WiFi at community centers. Comcast's Internet Essentials program has already connected over 10 million Americans to broadband, with 6,900 households in Vermont benefiting since its inception. Furthermore, Comcast recently announced a $1 billion commitment over the next decade to bridge the digital divide for low-income families.

On May 12, 2021, Comcast (Nasdaq: CMCSA) will have its President and CEO, Dave Watson, participate virtually in the 8^th Annual MoffettNathanson Media & Communications Summit at 9:00 A.M. Eastern Time. A live webcast of the event can be accessed on the Company’s Investor Relations website, with an on-demand replay available afterward. Comcast is a global media and technology company that serves over 56 million customers in the U.S. and Europe through its Xfinity, Comcast Business, and Sky brands.

Comcast NBCUniversal is launching a campaign for AAPI Heritage Month, themed "We Belong," to celebrate the contributions of the AAPI community. The company is investing over $10 million in media support to promote this initiative across its platforms. The campaign addresses ongoing racism faced by the AAPI community and honors their historical significance. Additionally, Comcast NBCUniversal has pledged $2 million to Asian-led organizations fighting against violence towards this community, alongside nearly $10 million already committed through its foundation.

Comcast Corporation (NASDAQ: CMCSA) reported impressive Q1 2021 results with revenue growing 2.2% to $27.2 billion and net income soaring 55.1% to $3.3 billion. Cable communications notably performed well, achieving a 12.4% rise in Adjusted EBITDA and adding a record 602,000 customer relationships. Despite challenges, NBCUniversal and Sky showed recovery, with Sky netting 221,000 new relationships, the best in six years. Free cash flow surged 58.8% to $5.3 billion. Overall, Comcast remains optimistic about future growth and innovation.

Comcast Business has partnered with REC Philly to support 25 local creators and entrepreneurs by providing one-year memberships. This initiative offers access to REC's Creative Facility and essential resources that aid in building sustainable businesses. Many of the creators were financially affected by COVID-19, and the partnership aims to enhance their connectivity through Comcast's high-speed Ethernet Dedicated Internet (EDI) services. REC Philly, co-founded by William Toms and David Silver, has grown significantly, raising over $3 million and expanding its impact on the creative community.

Comcast announced it will provide 13,000 BIPOC-owned small businesses with grants, technology makeovers, and marketing services through its Comcast RISE initiative. Since November, nearly 2,500 businesses have been selected, including 500 that will receive $10,000 grants in May, totaling $5 million awarded. The program focuses on long-term mentorship and partnerships with organizations like Ureeka to enhance business success. Comcast RISE aims to support historically overlooked communities with marketing resources and technology upgrades to help them thrive.

Comcast Advertising has appointed Rick Mandler as vice president of growth strategy to enhance revenue growth and market share. This newly created role aims to develop audience-based media solutions through collaboration across the organization. Reporting to Chief Growth Officer Pooja Midha, Mandler will leverage his extensive experience in TV and digital media to support Comcast's global marketing efforts. Mandler previously held a senior vice president position at true[X] and has a 26-year history at ABC and Disney, bringing significant expertise to this pivotal role.

Comcast has achieved a significant 10G milestone by successfully conducting the first live lab test of the Full Duplex DOCSIS system-on-chip (SOC) device, developed by Broadcom. This technology is poised to enable multigigabit upload and download speeds over its hybrid-fiber coaxial network. The Full Duplex standard enhances network efficiency, allowing Comcast to increase upstream speeds without diminishing downstream capacity. The test demonstrated throughput exceeding 4 Gbps, with plans for further optimizations. This development lays the groundwork for future enhancements in broadband service delivery worldwide.

Comcast Advertising has appointed Tony Sanchez as VP of Customer Experience. In this role, he will lead the division’s customer experience strategy and programs, including the Net Promoter System. Sanchez aims to innovate customer and employee experiences and collaborate with Comcast's Diversity, Equity and Inclusion teams. Previously, he was VP of Operations for the Customer Experience Product team and significantly contributed to the success of the Xfinity Assistant, which saw a 445% year-over-year increase in usage.