Comcast Corp Stock Price, News & Analysis

Comcast has partnered with eight startups following their participation in the 2021 Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars. These companies, based in countries like France, Switzerland, Israel, and Sweden, presented innovative technologies in immersive entertainment and future work. Notable mentions include Employee Cycle, Hollo, and Nagish, each targeting multi-billion markets. Since 2018, the accelerator has helped 43 startups raise $85 million. Sam Schwartz, Comcast's Chief Business Development Officer, expressed excitement about the potential of these new partnerships to impact various sectors.

Comcast Corporation (NASDAQ: CMCSA) recently declared a quarterly dividend of $0.25 per share on its common stock. The dividend will be payable on January 26, 2022, to shareholders recorded as of the close of business on January 5, 2022. This decision reflects the company's ongoing commitment to return value to its shareholders while maintaining strong customer relationships across its broadband and media operations.

Comcast Corporation (CMCSA) reported strong financial results for Q3 2021, with revenues of $30.3 billion, an 18.7% increase year-over-year. Net income surged 99.8% to $4.0 billion, while Adjusted EBITDA rose 18.1% to $9.0 billion. Key highlights include a 10.3% growth in cable communications EBITDA and significant gains in wireless customer additions. NBCUniversal also showed recovery in theme parks and media segments, while returning $2.7 billion to shareholders. However, some segments showed declining video and voice customers as competition intensifies.

Comcast has launched its XClass TV, now available direct to consumers in the U.S. without an Xfinity subscription. This collaboration with Hisense marks the introduction of affordable 4K UHD smart TVs that integrate Comcast’s award-winning entertainment and voice platform. Key features include voice control, access to hundreds of apps, and a year of Peacock Premium at no extra cost. The XClass TV is set to enhance content discovery through simple navigation and personalized playlists, reinforcing Comcast’s position in the competitive smart TV market.

Comcast Corporation announced that starting July 16, 2022, consumers can reach the National Suicide Prevention Lifeline by dialing 988. To support this transition, 82 area codes across 36 states will shift to 10-digit dialing. Effective October 24, 2021, all local calls in these areas must use 10 digits, or they may not connect. This change may necessitate programming updates for safety and security equipment. Until July 16, 2022, the traditional number 1-800-273-8255 remains active.

Comcast has introduced a new Spam Blocker feature for Xfinity Voice, allowing customers to block unwanted spam, spoofing, and robocalls without additional costs. The feature categorizes calls as low, medium, or high risk, blocking high-risk calls by default. This initiative is part of Comcast's ongoing efforts to combat nuisance calls, following their Verified Caller ID rollout. According to a report, Americans receive an average of 31 spam calls monthly, highlighting the importance of this feature in protecting users.

FreeWheel, a Comcast company, has appointed Hong Cai as the general manager of its Beijing office and vice president of engineering. He is expected to enhance FreeWheel’s engineering team, driving innovation in TV advertising technology. Cai brings 23 years of experience, previously serving at Data Orient, Inc. and other major firms. His background in cloud computing and artificial intelligence aligns with FreeWheel's goals to connect buyers and sellers in the evolving media landscape. This leadership change aims to accelerate product delivery and technology innovation.