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 increased to $32.070 billion, up from $30.115 billion in the same quarter last year, with the Content & Experiences segment showing a 19.3% increase, while Connectivity & Platforms remained relatively flat.
Net income decreased to $3.629 billion from $4.046 billion in the same quarter last year. This was driven by a decrease in operating income and investment income, partially offset by a decrease in income tax expense.
Operating income decreased to $5.859 billion from $6.475 billion in the same quarter last year, driven by increased costs and expenses partially offset by increased revenue.