Comcast Corp. reported fourth-quarter FY21 revenue growth of 9.5 percent year-on-year to $30.34 billion, beating the consensus of $29.74 billion. Segments Revenue for Cable Communications rose 4.5 percent Y/Y to $16.4 billion, driven by increases in broadband, wireless, business services partially offset by decreases in advertising, video, and voice revenue. Customer Relationships increased by 169,000 to…
Comcast Tops Q4 Consensus; Hikes Share Buyback to $10 Billion; Raises Dividend by 8 Percent
Comcast Shares Gain on RBC Capital Rating Upgrade
RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp. to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18 percent. Cahall stated that the recent 19 percent sell-off since early August is overdone. “While we acknowledge that telco fiber and fixed wireless will pressure Comcast’s fundamentals, our analysis suggests concerns over…
The Inside Story of How Bill Gates and Microsoft Earned a 400 Percent Return on Comcast
Bill Gates and Microsoft Corporation recognized the true potential of high-speed data and video services through a cable delivery network back in the 1990s. Microsoft announced it invested $1 billion in Comcast Corporation in 1997 to enhance the deployment of Comcast’s network to better deliver broadband capabilities. Comcast CEO Brian Roberts discussed how the deal…
Comcast Q3 Growth Aided by Customer Addons, NBCUniversal
Comcast Corp. reported third-quarter FY21 revenue growth of 18.7% year-on-year to $30.3 billion, beating the consensus of $29.87 billion. Revenue for Cable Communications rose 7.4 percent Y/Y to $16.12 billion, driven by increases in broadband, advertising, wireless, business services, video, and other revenue, partially offset by a decrease in voice revenue. Customer Relationships increased by 255,000…
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