Sector: Communication Services|Industry: Telecom Services|Market Cap: $153.98B|Employees: 186K
Comcast Corporation is a global media and technology company. They operate through two main segments: Connectivity & Platforms, which provides broadband, wireless, video, and voice services, and Content & Experiences, which produces and distributes entertainment, sports, and news content. Comcast is a large player in the US and international markets, with competitive advantages in its extensive network infrastructure and diverse content portfolio.
Comcast's revenue decreased by 2.7% YoY for the three months ended June 30, 2024, and 0.8% for the six months ended June 30, 2024. This was primarily driven by a decrease in the Content & Experiences business, offset by an increase in Corporate and Other.
Net income attributable to Comcast Corporation decreased by 7.5% for the three months ended June 30, 2024, and 3.7% for the six months ended June 30, 2024. This was driven by a decrease in operating income and an increase in interest expense, partially offset by a decrease in income tax expense.
Operating income decreased by 1.1% for the three months ended June 30, 2024, and increased by 0.7% for the six months ended June 30, 2024. This indicates a slight decrease in profitability from core operations.