Latest news with #ComcastCorp
Globe and Mail
02-08-2025
- Business
- Globe and Mail
Comcast Reports Strong Q2 2025 Earnings Growth
Comcast Corp ( (CMCSA)) has released its Q2 earnings. Here is a breakdown of the information Comcast Corp presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Comcast Corporation is a global media and technology company that provides broadband, wireless, and video services through brands like Xfinity and Sky, and produces and distributes content via NBC, Universal, and Peacock, among others. In its second-quarter earnings report for 2025, Comcast Corporation announced a 2.1% increase in revenue to $30.3 billion and a significant rise in net income attributable to Comcast to $11.1 billion, largely due to a $9.4 billion gain from the sale of its interest in Hulu. The company also reported a 3.3% increase in adjusted earnings per share to $1.25 and generated $4.5 billion in free cash flow. Comcast's wireless business achieved record growth, adding 378,000 lines, and its theme parks segment saw a revenue increase of 18.9%, driven by the opening of Epic Universe. The company's media segment also performed well, with Peacock revenue up 18%. Despite a decrease in adjusted net income by 1.7%, Comcast returned $2.9 billion to shareholders through dividends and share repurchases. Looking ahead, Comcast remains confident in its strategic focus and capital allocation, positioning itself well for future growth with plans to expand its content offerings, including NBA coverage on Peacock.
Business Journals
31-07-2025
- Business
- Business Journals
Comcast projects $1 billion annual tax savings from Trump's 'One Big Beautiful Bill'
Comcast Corp. estimates it will save $1 billion annually in cash taxes thanks to recently passed changes in President Donald Trump's One Big Beautiful Bill, even as the media giant often finds itself in the president's crosshairs.
Bloomberg
31-07-2025
- Business
- Bloomberg
Comcast Loses Fewer Broadband Internet Customers Than Expected
Comcast Corp. reported better than expected sales and profit, even as it continued to lose internet and cable-TV customers. The Philadelphia-based media giant lost 226,000 domestic broadband subscribers in the quarter ended June 30, better than analysts' forecasts for losses of 257,000, according to data compiled by Bloomberg. Pay-TV customers shrank by 325,000, compared with expectations for losses of 383,000.
Bloomberg
17-07-2025
- Business
- Bloomberg
Comcast Raises Peacock Price by Nearly 38% to $11 a Month
Comcast Corp. raised the price of its Peacock streaming service by $3 a month for new customers starting July 23, an increase of almost 38% for the lowest-priced plan. The ad-supported plan will rise to $11 a month, while the version without ads will increase to $17, the company said Thursday. Comcast also added a 'Select' tier priced at $8. Current customers will see their rates rise on Aug. 22.
Bangkok Post
08-07-2025
- Entertainment
- Bangkok Post
‘Jurassic World Rebirth' nabs $148 million to top box office
NEW YORK — Jurassic World Rebirth, the latest instalment in the Universal Pictures dinosaur franchise, scored the top spot in theatres over the five-day Fourth of July holiday, grossing US$147.8 million in the United States and Canada despite middling reviews from critics. The figure topped estimates of as much as $140 million in sales from industry tracker Box Office Pro. Universal, a division of Comcast Corp, had forecast $127.5 million across the five-day time frame. International theatres brought in an additional $174.8 million, Universal said in a statement Monday. The film is the seventh entry in the Jurassic franchise, which has taken in over $6 billion in ticket sales since the first release in 1993. Rebirth stars Scarlett Johansson, Mahershala Ali and Jonathan Bailey as a trio on an expedition to extract DNA from dinosaurs to help cure heart disease. It scored only 51% approval from critics, according to review aggregator with several suggesting the story was not as good as the special effects. The picture cost about $180 million to produce. In China, the world's second-largest movie market, Jurassic World Rebirth took in $41.6 million during the first five days from the opening on July 2, according to research firm Artisan Gateway. The film's cast attended a premiere in Shanghai, marking a renewed embrace of Hollywood by China after years of tight restrictions. F1, the car racing film starring Brad Pitt, finished in second place domestically, according to Comscore Inc. It has now taken in $297.8 million globally, making it Apple Inc's most successful release to date in theatres. The domestic box office is up 14% year to date, according to Comscore, thanks to blockbusters such as A Minecraft Movie and Lilo & Stitch. Box-office receipts are still about 26% below the pre-coronavirus-pandemic year of 2019. The upcoming summer film slate includes a new Superman from Warner Bros Discovery Inc and The Fantastic Four: First Steps from Walt Disney Co's Marvel unit.
