Latest news with #JonathanWeiss
Yahoo
23-05-2025
- Business
- Yahoo
Comcast's NBCUniversal Eyes MLB Rights To Bolster Streaming Service
Faced with a slowing broadband business and divestment of cable units, Comcast Corporation (NASDAQ:CMCSA) is already looking into the future. On May 21, NBCUniversal, a subsidiary of Comcast, placed a bid to acquire Major League Baseball (MLB) rights previously held by ESPN. Jonathan Weiss / The offer is reportedly lower than ESPN's former $550 million annual deal, according to The Wall Street Journal. ESPN exited the agreement early in February, ending a 35-year partnership with MLB and opening the rights for new bidders. NBC's proposal, submitted earlier this month, follows weeks of negotiations. If successful, NBC plans to air Sunday night games, a slot ESPN has held since 1990, and stream them on Peacock. The company is also eyeing rights to the first round of the postseason and the annual Home Run Derby. The push for live games on Peacock streaming services comes as Comcast feels pressure on its broadband business. The company lost 199,000 domestic broadband customers in the first quarter of 2025 due to stiff competition. The push for MLB streaming rights also comes on Comcast spinning off most of its cable network portfolio. Versant is the new owner of USA, CNBC, MSNBC, and Golf Channel, cable units that Comcast initially owned. NBCUniversal has since been left with streaming service Peacock Universal Studios and Theme parks. While we acknowledge the potential of Comcast Corporation (NASDAQ:CMCSA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
23-05-2025
- Business
- Yahoo
Comcast's NBCUniversal Eyes MLB Rights To Bolster Streaming Service
Faced with a slowing broadband business and divestment of cable units, Comcast Corporation (NASDAQ:CMCSA) is already looking into the future. On May 21, NBCUniversal, a subsidiary of Comcast, placed a bid to acquire Major League Baseball (MLB) rights previously held by ESPN. Jonathan Weiss / The offer is reportedly lower than ESPN's former $550 million annual deal, according to The Wall Street Journal. ESPN exited the agreement early in February, ending a 35-year partnership with MLB and opening the rights for new bidders. NBC's proposal, submitted earlier this month, follows weeks of negotiations. If successful, NBC plans to air Sunday night games, a slot ESPN has held since 1990, and stream them on Peacock. The company is also eyeing rights to the first round of the postseason and the annual Home Run Derby. The push for live games on Peacock streaming services comes as Comcast feels pressure on its broadband business. The company lost 199,000 domestic broadband customers in the first quarter of 2025 due to stiff competition. The push for MLB streaming rights also comes on Comcast spinning off most of its cable network portfolio. Versant is the new owner of USA, CNBC, MSNBC, and Golf Channel, cable units that Comcast initially owned. NBCUniversal has since been left with streaming service Peacock Universal Studios and Theme parks. While we acknowledge the potential of Comcast Corporation (NASDAQ:CMCSA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Gillette And Tide Maker Procter & Gamble Feels The Heat From Commodity And Forex Costs, Cuts Profit Outlook
Procter & Gamble Company (NYSE:PG), maker of popular brands such as Gillette, Tide, Pampers and Crest, slid on Thursday after the third-quarter FY25 earnings. The company reported a third-quarter sales decline of 2.1% year over year to $19.78 billion, missing the analyst consensus estimate of $20.11 billion. Organic sales increased by 1%, driven by higher pricing. Sales in the Beauty and the Grooming segment dropped 2%, and Health Care remained flat. Adjusted EPS of $1.54 beat the consensus estimate of $1.53. Also Read: Gross profit fell 2.5% Y/Y to $10.08 billion. The reported gross margin decreased by 20 basis points to 50.9%. Operating margin expanded 100 basis points to 23%, while operating income for the quarter improved 2.2% to $4.55 billion. The company returned $3.8 billion of cash to shareowners via $2.4 billion of dividend payments and $1.4 billion of share repurchases in the quarter. P&G held $10.23 billion in cash and equivalents at December-end. Operating cash flow for the quarter was $3.7 billion. "We're making appropriate adjustments to our near-term outlook to reflect underlying market conditions while remaining confident in the longer-term growth prospects for our brands and the markets where we compete," said Board Chairman, President, and CEO Jon Moeller. "Our first-half results keep us on track to deliver within our guidance ranges on all key financial metrics for the fiscal year." Outlook: P&G expects all-in sales for fiscal 2025 to be approximately in line with the prior year and organic sales growth of 2%. P&G lowered the adjusted EPS outlook from $6.91 – $7.05 to $6.72 – $6.82 versus the $6.87 estimate. P&G expects a commodity cost headwind of approximately $200 million after tax for fiscal 2025. The company now expects unfavorable foreign exchange rates will be a headwind of approximately $200 million after tax. Collectively these impacts are a headwind of $0.16 per share. P&G continues to expect adjusted free cash flow productivity of 90% and expects to pay around $10 billion in dividends and repurchase $6 billion to $7 billion of common shares in fiscal 2025. Price Action: PG shares traded lower by 5.12% at $157.25 at the last check on Thursday. Read Next:Photo by Jonathan Weiss via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? PROCTER & GAMBLE (PG): Free Stock Analysis Report This article Gillette And Tide Maker Procter & Gamble Feels The Heat From Commodity And Forex Costs, Cuts Profit Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
