Comcast Posts Strong Q4 Earnings, Revenues Beat Expectations

Trending News ☀️

Comcast Corporation ($NASDAQ:CMCSA), a media and technology company, recently announced strong fourth quarter earnings, with revenues beating expectations. The company reported a Non-GAAP Earnings Per Share of $0.92, exceeding the expectations of analysts by $0.10, and their revenue of $29.69B exceeded estimates by $350M. This marks another successful quarter for Comcast, with their continuing efforts to expand their services and offerings across media, technology and entertainment. The company has made progress in their mission to provide high quality products and services to customers, as well as create value for shareholders.

In addition, Comcast has continued to invest in technology infrastructure, research and development, and customer engagement initiatives in order to increase customer satisfaction and loyalty. With the strong fourth quarter results, Comcast Corporation is poised for continued growth in the future. The company has a strong customer base, a diversified portfolio of services, and the potential to continue to innovate and exceed expectations. Going forward, the company will continue to focus on providing quality services and products to their customers, while striving to create value for their shareholders.

Market Price

On Thursday, their stock opened at $37.7 and closed at $40.3, representing a 10.3% increase from their previous closing price of $36.5. This surge was a result of the company’s strong financial performance in the quarter, with revenues coming in above projections. This performance was mainly driven by growth in the company’s cable and broadband operations, as well as high customer satisfaction ratings from its customers. Overall, these strong quarterly results have given investors confidence in the company and their stock continues to climb. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Comcast Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Comcast Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Comcast Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Comcast Corporation are shown below. More…

Analysis

At GoodWhale, we provide comprehensive financial analysis of COMCAST CORPORATION. Our extensive analysis dives deep into the company’s financials to provide reliable information and help investors make informed decisions. We consider COMCAST CORPORATION a medium risk investment in terms of financial and business aspects. While the company has shown good growth in net income and revenue, our Risk Rating indicates that there are some potential risks to be aware of. GoodWhale has detected two risk warnings in COMCAST CORPORATION’s income sheet and balance sheet. Sign up with us to access detailed information about our findings, as well as data and insights into COMCAST CORPORATION’s financial performance. With our help, you can make more informed decisions when it comes to your investments. More…

Peers

Comcast Corporation is an American telecommunications conglomerate that is the largest broadcasting and cable television company in the world by revenue. It is the second-largest pay-TV company after AT&T, largest cable TV company and largest home Internet service provider in the United States, and the nation’s third-largest home telephone service provider. Comcast services U.S. residential and commercial customers in 40 states and in the District of Columbia. The company’s headquarters are located in Philadelphia, Pennsylvania. As of January 2016, Comcast is a Fortune 50 company. Globally, Comcast is one of the largest media and entertainment companies, with over 71 million subscribers.

– Megacable Holdings SAB de CV ($OTCPK:MHSDF)

Megacable Holdings SAB de CV is a Mexican provider of cable television, broadband Internet, and landline telephone services. It is the largest cable operator in Mexico in terms of number of subscribers and revenue. The company was founded in 1993 and is headquartered in Guadalajara, Mexico.

– Liberty Global PLC ($NASDAQ:LBTYA)

Liberty Global PLC is a holding company that provides broadband, video, and other communications services to residential and business customers in Europe, Latin America, and the Caribbean. The company has a market capitalization of 8.3 billion as of 2022 and a return on equity of 19.31%. Liberty Global is headquartered in London, the United Kingdom.

– Charter Communications Inc ($NASDAQ:CHTR)

Charter Communications Inc is a US cable operator that provides cable television, internet, and voice services to residential and commercial customers. As of 2022, it has a market capitalization of 52.16 billion dollars and a return on equity of 89.26%. The company is headquartered in Stamford, Connecticut, and employs around 94,000 people.

Summary

Comcast Corporation is a global media and technology company, with a focus on providing internet, television, and communication services. These results positively impacted Comcast’s stock price, which moved up significantly the same day. Generally, analysts have a positive outlook on Comcast, citing revenue growth and strong dividend payouts as reasons to invest in the company. It remains to be seen, however, how the global pandemic and other macroeconomic factors will affect Comcast’s future performance.