Comcast Corporation

Comcast Corporation NASDAQ
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Important events

Apr 292022

(Com)casting a wide net

Comcast fans the fire of fear in investors’ hearts about the future of cable companies, even as its broadband users manage growth.

  • Comcast saw shares tumble 6.19% on Thursday in its worst day of the year to see prices hit their lowest level since July 2020, despite the telecoms company beating on both ends with EPS of $0.86 on revenues of $31.01bn.
  • Broadband subscribers continue to slow. Comcast reported 262k additions, but its earnings call revealed that number is actually 180k if you exclude those that converted after enjoying a free service during covid – so basically less people actually signed up.
  • There is good news though. Its Peacock streaming service saw revenue surge 44% to 13m, helped by a sign-up rush related to the Winter Olympics and the Super Bowl. Its cable TV segment, however, lost a record number of subscribers, causing concern for the entire cable industry and sending related companies lower in sympathy.
Illustration by TradingView

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Jan 282022

Comcast drops its connection

While Comcast could be losing touch with its internet subscribers, its streaming service is here to make up for it.

  • Prices slumped 4% at market open despite beating on both ends with EPS of $0.77 on revenues of $30.3bn – but the stock managed to recuperate and close down only 0.9%.
  • Its streaming service was the biggest boost to the bottom line. NBCUniversal revenue was up 25% to $9.3bn, and its Peacock service is “playing a really different game” to others, combining its traditional TV business with streaming to maximize revenues.
  • But, it missed on its broadband internet service, adding 212k new customers compared to the 220k analysts were looking for. Tbf, it did warn last year that the numbers would be below forecasts.
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Illustration by TradingView
Dec 082021

Comcast crumbles

Comcast sees shares dip after releasing updated FY guidance that had investors checking their signal.

  • Prices dropped over 5% on Tuesday to their lowest levels since January.
  • A FY subscriber forecast fail. It’s expecting to add a total of 1.3m internet customers compared to the 1.4m analysts wanted. It means Q4 will add only 185k subscribers versus the 538k added the same time last year.
  • Growth is clearly slowing. This is the second time this year it's provided disappointing early guidance that’s taken a chunk out of the stock.
Alexander Andrews / Unsplash