Comcast Corporation (CMCSA) - NASDAQ
  • Thu, May 5, 6:00 PM
    • Fresh from this week's news that it's being acquired by Comcast (NASDAQ:CMCSA), DreamWorks Animation (NASDAQ:DWA) beat on top and bottom lines in Q1 earnings on the strength of consumer products, and TV and new media (both of which tripled revenues).
    • Shares are relatively unchanged and have been hovering at a small discount (today's closing price: $39.78) to Comcast's $41/share price.
    • Feature films faced a tougher comp due to the Q1 2015 pay TV distribution of How to Train Your Dragon 2 and Mr. Peabody and Sherman along with higher home entertainment sales. Kung Fu Panda 3, released domestically Jan. 29, has contributed $30.9M in feature film revenue this quarter; Home contributed $18.3M in revenue.
    • Revenues by segment: Feature films, $94.3M (down 26.7%); Television Series and Specials, $56.99M (up 214%); Consumer products, $21.4M (up 49.1%); New media, $15.2M (up 232%).
    • Conference call link
    • Press Release
    | Thu, May 5, 6:00 PM
  • Wed, Apr. 27, 11:07 AM
    • Comcast (NASDAQ:CMCSA) has given up early gains and is back down 0.4% along with the market, after posting Q1 results that beat expectations solidly as it added customers across the board in a tough market.
    • Gains in cable customers and the company's cable networks along with stronger theme park performance made up for a big drop in its broadcast operations and a decline in films (tough comp against a great start to 2015 from that division).
    • Adjusted EPS grew 6.3% and free cash flow was $2.8B.
    • Revenue by segment: Cable Communications, $12.2B (up 6.7%); Cable Networks, $2.45B (up 4%); Broadcast Television, $2.08B (down 7.3%); Filmed Entertainment, $1.38B (down 4.4%); Theme Parks, $1.02B (up 9.7%).
    • Bucking industry trends, it added a net 53,000 video customers. Net adds in high-speed Internet were 438,000 and voice customers showed net adds of 102,000.
    • Overall customer relationships were up a net 269,000. In bundling: single product customers were up 45,000; double-play customers up 125,000; and triple-play up 99,000. The company's pointing to customer service investments as key to retention.
    • Press Release
    | Wed, Apr. 27, 11:07 AM
  • Wed, Apr. 27, 7:06 AM
    • Comcast (NASDAQ:CMCSA): Q1 EPS of $0.84 beats by $0.05.
    • Revenue of $18.79B (+5.3% Y/Y) beats by $150M.
    • Press Release
    | Wed, Apr. 27, 7:06 AM | 4 Comments
  • Tue, Apr. 26, 5:30 PM
    | Tue, Apr. 26, 5:30 PM | 9 Comments
  • Fri, Feb. 5, 1:57 PM
    • Level 3 Communications (NYSE:LVLT) is pulling back a bit, down 3.5%, after a strong 6.9% gain yesterday post-earnings.
    • Stephens upgraded the firm to Overweight from Equal Weight and raised its price target from $52 to $63, implying 30% upside from its current price of $48.29.
    • Valuation is improved after a recent sell-off (Level 3 has declined 10% over the past month), says Stephens' Barry McCarver, who notes revenue growth is picking up after the company achieved its synergy target from integrating TW Telecom.
    • “EMEA and Latin America should continue to improve as the company invests in its network and has opportunities for more acquisitions," McCarver notes. "Headwinds from International revenue have neutralized and may become tailwinds this year.”
    • The company guided to significantly higher cash flow in the coming year, and some analysts think that could mean not only a possible repurchase program but also acquisitions.
    • The company could go after privately held XO Communications, says Cowen's Colby Synesael, or it could be a target itself -- for a buyer like Comcast (NASDAQ:CMCSA).
    • Previously: Level 3 up 7% as revenues, profits grow (Feb. 04 2016)
    • Previously: Level 3 EPS in-line, misses on revenue (Feb. 04 2016)
    | Fri, Feb. 5, 1:57 PM | 1 Comment
  • Wed, Feb. 3, 12:45 PM
    • On Comcast's (NASDAQ:CMCSA) Q4 earnings call, the company made its next step into telecom service by confirming it will file as a bidder in the FCC's wireless spectrum auction.
    • They're only going to act against AT&T, Verizon and T-Mobile "if the price is right" after they evaluate what ends up available.
    • Shares are up 4.1% now and are touching their highest point in over a month.
    • The company confirmed it paid $130M for 475 acres "adjacent to an existing theme park" -- likely a chunk of land alongside Universal Orlando, which has been pinched for space, and which could provide room for multiple parks, hotels and studio operations.
    • Outside of any spectrum spending, Comcast has added $5B to its buyback program -- on the low side of expectations, but CFO Mike Cavanagh said it wouldn't go lower due to auction outlays.
    • It also increased its dividend 10% to $1.10 (annualized).
    • Previously: Comcast results close to estimates, video and high-speed adds strong (Feb. 03 2016)
    • Previously: Comcast declares $0.275 dividend (Feb. 03 2016)
    • Previously: Comcast misses by $0.01, beats on revenue (Feb. 03 2016)
    | Wed, Feb. 3, 12:45 PM | 2 Comments
  • Wed, Feb. 3, 7:37 AM
    • Comcast (NASDAQ:CMCSA) is pointing higher in premarket action after delivering largely in-line Q4 results.
    • Operating income rose 5.7% Y/Y to $3.787B.
    • Cable Communications revenue was up 5.9% to $11.31B. Cable rev growth breakdown: Video +4.4% to $5.19B; High-speed Internet +9.8% to $2.9B; Voice -1.7% to $916M; Business Services +18.9% to $1.1B; Advertising -9.3% to $703M; Other +6.4% to $537M.
    • NBCUniversal revenue rose 13%, led by a 26% jump with the Filmed Entertainment segment off of strong home entertainment performances for Minions and Jurassic World. Cable networks revenue was up 3.4% to $2.327B.
    • Overall customer relationships increased 281K, up 58% Y/Y to 27.7M, with high-speed Internet adds of 460K the best mark for the quarter in nine years. Video customer net adds of 89K were also tallied.
    • Capex spending was up 19% to $2.6B during the quarter.
    • Previously: Comcast misses by $0.01, beats on revenue (Feb. 03 2016)
    • CMCSA +0.53% premarket to $54.88.
    | Wed, Feb. 3, 7:37 AM | 3 Comments
  • Wed, Feb. 3, 7:05 AM
    • Comcast (NASDAQ:CMCSA): Q4 EPS of $0.81 misses by $0.01.
    • Revenue of $19.08B (+7.6% Y/Y) beats by $320M.
    | Wed, Feb. 3, 7:05 AM
  • Tue, Feb. 2, 5:30 PM
    | Tue, Feb. 2, 5:30 PM | 4 Comments
  • Oct. 27, 2015, 7:17 PM
    • Following its in-line Q3 earnings report, Comcast (CMCSA -1%) confirmed its intention to test wireless services as part of a spectrum deal it entered with Verizon years ago.
    • Commercial launch isn't close, though, and the company isn't showing interest in making an acquisition in the wireless space: "We've always felt (wireless is) part of a product set," says CEO Brian Roberts. "I don't think we feel that we have to necessarily in any way seek owner's economics."
    • But it is evaluating whether to enter the bidding in the FCC's broadcast incentive spectrum auction.
    • "It takes about six months to activate the MVNO," CEO Brian Roberts said. "We're going to trial some things and test some things after we activate. We'll update people as that progresses."
    • Comcast last week triggered part of a 2012 deal where a cable consortium sold airwaves to Verizon with a right to resell Verizon service later. The company is said to be planning a hybrid cellular/Wi-Fi service along the lines of Google's Project Fi.
    • Related: Comcast's (NASDAQ:CMCSA) CEO Brian Roberts on Q3 2015 Results - Earnings Call Transcript (Oct. 27 2015)
    | Oct. 27, 2015, 7:17 PM
  • Oct. 27, 2015, 9:43 AM
    • Comcast (NASDAQ:CMCSA) is off slightly, -0.6%, along with the broader market after Q3 results where yet again profits were in line and the company beat on revenue that grew 11%.
    • Profits fell 19.2% Y/Y overall. Revenues were boosted by strong results on the content side, with Universal films contributing and theme parks, cable networks and NBC TV all adding strong gains.
    • Cable Communications revenue of $11.74B (up 6.3%) by segment: Video, $5.35B (up 3.3%); High-speed Internet, $3.13B (up 10.2%); Voice, $900M (down 1.4%); Business Services, $1.2B (up 19.5%); Advertising, $593M (down 0.2%); Other, $562M (up 11.8%).
    • At NBCUniversal, revenues of $7.15B (up 20.8%) by segment: Cable networks, $2.4B (up 7%); broadcast television, $1.97B (up 11.3%); filmed entertainment, $1.95B (up 64%); theme parks, $896M (up 14.1%).
    • Net video subs fell by 48,000 (that is the company's best Q3 result in that area for nine years) and high-speed Internet customers gained by 320,000 (best Q3 there in six years). Voice customers grew by 17,000.
    • Overall customer relationships were up 156K to 27.4M, driven by two-product bundlers (single-product customers up 24,000; double-product up 130,000; triple-play up 1,000).
    | Oct. 27, 2015, 9:43 AM | 1 Comment
  • Oct. 27, 2015, 7:05 AM
    • Comcast (NASDAQ:CMCSA): Q3 EPS of $0.80 in-line.
    • Revenue of $18.67B (+11.2% Y/Y) beats by $650M.
    | Oct. 27, 2015, 7:05 AM
  • Oct. 26, 2015, 5:30 PM
    | Oct. 26, 2015, 5:30 PM | 33 Comments
  • Jul. 23, 2015, 3:03 PM
    • Comcast (NASDAQ:CMCSA) has fallen 2.8% in the wake of this morning's second-quarter earnings release.
    • On an earnings call, execs said the company is ramping up deployment of its X1 platform, deploying 30K set-top boxes each day and "pushing to be even faster."
    • "We continue to believe X1 is an absolute game changer, better connecting our customers to content serving as a platform for so much more," said CEO Brian Roberts, noting that VOD usage is up and churn is down as the deployments proceed.
    • Comcast added customer relationships on a net basis (+31,000) in what is traditionally a weak quarter in that area, and Cable CEO Neil Smit pointed to lower churn and gave some credit to customer service improvements: "The percent of the customers who are calling and speaking to agents is down 15%. ... So our waiting times are down and we're getting it right."
    • Smit confirmed the company would be doing a market trial of DOCSIS 3.1 in Q4. The technology has the blue-sky capability to deliver 10 Gbps downstream and 1 Gbps up, though those speeds are a good ways off.
    • Citigroup's Jason Bazinet tempered his reaction: "While video net losses beat, broadband net adds were a touch light” and “NBCU, while solid, saw mixed results ... In all we expect a muted reaction to the quarterly results.”
    • Previously: Comcast -0.9% premarket after in-line Q2 boosted by entertainment (Jul. 23 2015)
    • Previously: Comcast at INTX: $300M investment in customer service (May. 05 2015)
    | Jul. 23, 2015, 3:03 PM
  • Jul. 23, 2015, 9:06 AM
    • Comcast (NASDAQ:CMCSA) is off 0.9% premarket after Q2 profits were in line and revenue picked up as the company cut its video subscriber losses even as some other areas slowed down.
    • For the first time, the company has more broadband subscribers than video subscribers. On the media side, a monster hit in Jurassic World added to profits.
    • Net income of $2.14B rose 7.3% Y/Y on revenue growth of more than 11%.
    • Cable Communications revenue of $11.73B by segment: Video, $5.4B (up 3.7%); High-speed Internet, $3.1B (up 10%); Voice, $903M (down 2.1%); Business Services, $1.16B (up 20.4%); Advertising, $582M (down 0.9%); Other, $551M (up 10.9%).
    • At NBCUniversal, revenues of $7.23B by segment: Cable networks, $2.45B (down 1%); broadcast television, $1.8B (down 0.2%); Filmed Entertainment, $2.27B (up 92.7%); Theme Parks, $773M (up 25.7%).
    • Net video subscribers declined by 69,000 -- an improvement of 52% from last year's decline -- while high-speed Internet customers were a net positive 180,000 (down 11%) and voice customers a net +49,000. Overall, customer relationships were up 31,000 to a total of 27.3M, driven by bundle plays (single-product customers -56,000; two-product customers +46,000, three-product customers +42,000).
    | Jul. 23, 2015, 9:06 AM | 1 Comment
Company Description
Comcast Corp. is a media, entertainment and communications company. The company provides video, high-speed Internet and phone services to residential and business customers in the United States. The company operates its business through five reportable segments: Cable Communications, Cable... More
Sector: Services
Industry: CATV Systems
Country: United States