Comcast Corp


SKU: CMCSA Category:


Comcast achieved a strong result that surpassed Wall Street expectations in terms of revenues as well as earnings. The company is slowly growing its ARPU as it is working towards building its customer relationships by steadily introducing new capabilities, services, and benefits. Its Peacock streaming service is also gaining momentum and added 5 million subscribers taking the total to 20 million. In 2023, ARPU growth should continue to be the main factor influencing their residential broadband revenue growth. At NBCUniversal, Peacock and parks are gaining traction which is a good sign. With M3GAN, their box office success carried over into the first quarter. Furthermore, Sky is navigating the macroeconomic difficulties in Europe while maintaining a laser-like focus on customer retention and delivering the best entertainment and connection experiences possible. In terms of promotional efforts, the company recently introduced Free This Week programming, a new year-round initiative offering a frequent selection of free streaming and premium network programs to Xfinity X1 pay-TV bundle and Flex streaming package users. We give Comcast a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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