
Comcast reported strong financial results for the third quarter of 2024, driven by various factors including the 2024 Paris Olympics, which brought in $1.9 billion. The company generated $32 billion in revenue and an adjusted EPS of $1.12, with free cash flow of $3.4 billion. Capital expenditures decreased 11.6% to $2.9 billion, with Connectivity & Platforms' spending down 6.5% to $1.9 billion. Despite a 5% drop in revenue and a 14% decline in EBITDA at Universal's theme parks, Comcast expects attendance to rebound with the opening of Epic Universe in May 2025. Peacock, Comcast's streaming service, added three million subscribers in Q3, reaching a total of 36 million, but continued to incur significant losses, amounting to $436 million for the quarter. Peacock's revenue increased 82% to $1.5 billion. Additionally, Comcast is considering a potential spinoff of its cable TV networks, excluding NBC's broadcast operations, and a possible merger for Peacock due to its ongoing losses.







Cable Wireless Lines $CMCSA $CHTR https://t.co/Dx9Nb765hd
Around this time last year, Charter executed a strategy that allowed its Spectrum TV customers to get free access to streaming services like Disney Plus, Hulu and others as part of their subscription. So, why are they still losing pay TV customers? https://t.co/CoPZS0qg0E $CHTR
I don't see how NBCU's cable nets ever trade as a standalone entity. With no broadcast net and no meaningful sports rights, it would get crushed in carriage renewals. Only way it is separated is via spin/merge with assets that could provide protection in carriage talks.