Comcast Corp is a global telecommunications conglomerate that primarily operates in the media and entertainment sectors
The company provides a wide range of services, including high-speed internet, cable television, and digital voice services, primarily to residential customers. In addition to its telecommunications operations, Comcast owns and operates NBCUniversal, which encompasses a diverse portfolio of news, sports, and entertainment networks, as well as film production and theme parks. Through its various businesses, Comcast aims to deliver innovative technology and compelling content, connecting customers to the entertainment they love and the communications they rely on.
Goldman analysts see near-term headwinds stemming from elevated product coasts as Comcast management aggressively uses wireless to drive subscriber acquisition and retention.
Shares of telecommunications and media company Comcast (NASDAQCMCSA)
fell 12.5% in the morning session after the company reported weak fourth-quarter results, with key demand growth indicators, including broadband and video customers, continuing to decline year on year, with the former missing expectations. On the other hand, it was encouraging to see Comcast beat analysts' EPS expectations this quarter. Overall, this was a mixed yet weaker quarter.
Looking for the most active stocks in the S&P500 index on Thursday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
Cable, internet, and telephone services provider Charter (NASDAQCHTR)
will be reporting earnings tomorrow before the bell. Here’s what investors should know.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Telecommunications and media company Comcast (NASDAQCMCSA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 2.1% year on year to $31.92 billion. Its non-GAAP profit of $0.96 per share was 11.4% above analysts’ consensus estimates.
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Thursday. Stay informed about the latest market trends.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Comcast reported 4Q revenue of $31.92B, beating estimates of $31.64B. Adjusted EPS of $0.96 also beat estimates of $0.86. Media segment revenue grew 3.5%, Peacock's paid subscribers increased 29%, and Comcast generated $3.26B in free cash flow. The company increased its dividend by 6.5% and announced a new $15B share repurchase program. Stock declined 3.08% premarket.
Netflix film "Emilia Pérez" received 13 Academy Award nominations, helping the streamer top the list of most nominations by studio in the main categories.
Netflix's record-breaking Q4 performance, driven by live sports, original content like Squid Game 2, and a 14% price hike with minimal attrition, resulted in 18.9 million new subscribers and exceeded revenue expectations.
