What is Comcast?
Comcast Corp. (CMCSA) is an American telecommunications giant with a global reach. The corporation operates via two primary businesses: Comcast Cable and NBCUniversal. Through its Xfinity brand, Comcast Cable provides high-speed internet, phone and video offerings to both residential and commercial customers. The NBCUniversal division operates a huge portfolio of news, entertainment and sports cable networks, the NBC and Telemundo networks, TV production operations, Universal Pictures and Universal Parks and Resorts.
Comcast is the biggest broadcasting and cable TV company in the world by revenue, and the largest home internet service provider in the United States. But the corporation also has two other strands. The first, Comcast Spectacor, comprises the National Hockey League’s Philadelphia Flyers, the Wells Fargo Center venue, and the hospitality firm Spectra. The second, Comcast Ventures, is the venture capital affiliate of Comcast Corporation.
Who are the key people at Comcast?
Brian L. Roberts is Chairman and CEO of Comcast Corporation, and has worked at the company since graduating from The Wharton School of the University of Pennsylvania. He has a high reputation in the business world – Barron’s ranked him as one of the world’s 30 best CEOs, and Fortune magazine named him Businessperson of the Year.
Two other key figures are Steve Burke, Chief Executive of NBCUniversal; and David N. Watson, President & Chief Executive Officer of Comcast Cable. Both men are also Senior Executive Vice Presidents of Comcast Corporation.
What is the modern history of Comcast?
Comcast was first incorporated in 1969and went public on 29 June 1972. Milestones in its history include Steven Spielberg’s first Universal Film, Jaws, in 1975; the launch of CNBC in 1989; Microsoft’s 1997 investment in Comcast; and the corporation’s acquisition of AT&T Broadband in 2002. More recently, 2011 saw Comcast acquiring NBCUniversal – a move that created a global leader in media and technology. And in 2016, Comcast bought DreamWorks Animation in a $3.8 billion deal.
What are the latest developments at Comcast?
Comcast enjoyed another year of good results in 2017, reporting consolidated revenue growth of 5%, Adjusted EBITDA growth of 6% and $9.6 billion in free cash flow.Earnings per share increased 167% to $4.75; on an adjusted basis, earnings per share rose 18.4% to $2.06. Chairman and CEO Brian L. Roberts said the corporation entered 2018 “with significant momentum”.
Nonetheless, in 2017 Comcast topped a list of America’s most-hated businesses. According to financial news site 24/7 Wall St, Comcast received a "significantly worse" customer satisfaction score than the internet and subscription TV service industry averages. The news came not long after the Federal Communications Commission fined Comcast $2.3 million over allegations that it had charged customers for services they never authorised.
From under $6 at the height of the global financial crisis in March 2009, the Comcast share pricerose almost without interruption until mid-2017. The shares reached $20 in January 2013, $30 in June 2015, and $40 in May 2017. As of April 2018 they had slipped back a little to around $34. To find out how the shares are doing right now, follow Capital.com. Our CMCSA chart puts all the information at your fingertips.
Where does Comcast operate?
Headquartered in Philadelphia, Pennsylvania, Comcast also has corporate offices in Atlanta, Detroit, Denver, Manchester, New Hampshire and New York City. As of December 2016 the corporation had 153,000 employees.
Where is Comcast traded?
Comcast shares are traded on NASDAQ under the ticker symbol CMCSA. The stock is a constituent of the US Tech 100, S&P 100 and S&P 500 indices. Check out Capital.com for the latest CMCSA chart. We’ll keep you up to date and in the picture.
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