Comcast's Media strength helped EBITDA beat estimates, and the planned NBCUniversal split may reveal studio value. Broadband losses, weaker Parks results, and an expected $1 billion charge weigh more heavily, despite kept Buy ratings and one analyst's target cut.
The stronger Media results give Comcast some support. Broadband losses point to customers choosing rival fiber offers, and Parks also weakened. The expected charge adds pressure. Analysts kept Buy ratings, but TD Cowen cut its target. The planned NBCUniversal split may reveal studio value, but that benefit is not certain.
Meta's Muse is described as helping Comcast customers find fiber deals. The story does not say how this affects Meta's sales or business.
Follow Comcast Corp (CMCSA) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for CMCSA