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Comcast (CMCSA)
NASDAQ:CMCSA
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Comcast (CMCSA) AI Stock Analysis

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CMCSA

Comcast

(NASDAQ:CMCSA)

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Neutral 69 (OpenAI - 4o)
Rating:69Neutral
Price Target:
$30.00
▲(9.85% Upside)
Comcast's overall stock score reflects a strong financial performance and attractive valuation, which are offset by bearish technical indicators and mixed earnings call results. The company's solid profitability and low leverage are positive, but the negative revenue growth and technical weakness weigh on the score.
Positive Factors
Diverse Revenue Streams
Comcast's diverse revenue model, combining subscription services with advertising and content production, positions it to capitalize on multiple segments of the media and communications industry, enhancing its resilience and growth potential.
Strong Cash Flow Generation
Strong cash flow generation provides Comcast with the financial flexibility to invest in growth opportunities, pay down debt, and return capital to shareholders, supporting long-term financial health.
Media Segment Growth
The strong performance in the media segment, particularly with NBC and Peacock, highlights Comcast's ability to leverage its media assets for growth, enhancing its competitive position in the entertainment industry.
Negative Factors
Broadband Subscriber Losses
Losses in broadband subscribers indicate challenges in retaining customers amid competition, which could impact future revenue growth and market share in the broadband segment.
Challenges in Hollywood
Ongoing challenges in Universal Studios Hollywood may hinder revenue growth in the Parks segment, affecting overall profitability and requiring strategic adjustments to regain momentum.
Moderation in Broadband ARPU Growth
Moderation in broadband ARPU growth could limit revenue expansion in the broadband segment, necessitating strategic pricing adjustments to sustain profitability and competitive positioning.

Comcast (CMCSA) vs. SPDR S&P 500 ETF (SPY)

Comcast Business Overview & Revenue Model

Company DescriptionComcast Corporation (CMCSA) is a global media and technology company based in the United States, primarily operating in the cable communications and entertainment sectors. It is one of the largest video and broadband service providers in the country, offering a range of products including high-speed internet, cable television, and phone services through its Xfinity brand. Additionally, Comcast owns NBCUniversal, which encompasses a vast array of media properties including television networks, film studios, and theme parks, thereby diversifying its portfolio beyond traditional telecommunications.
How the Company Makes MoneyComcast generates revenue through multiple key streams: primarily through its Cable Communications segment, which offers subscription-based services for video, internet, and phone. This segment constitutes the bulk of its revenue. Additionally, the company earns revenue from its Media segment, which includes advertising revenues from NBCUniversal's television networks and movie studios, as well as from its theme parks. Comcast also benefits from partnerships with various content providers and advertisers, enhancing its advertising revenue. Furthermore, the company has been expanding its footprint in the wireless market, providing mobile services that contribute to its earnings. Overall, Comcast's diverse revenue model, combining subscription services with advertising and content production, positions it to capitalize on multiple segments of the media and communications industry.

Comcast Key Performance Indicators (KPIs)

Any
Any
Customer Relationships
Customer Relationships
Measures the strength and depth of interactions with customers, highlighting loyalty, satisfaction, and potential for upselling or cross-selling services.
Chart InsightsComcast's customer relationships have been declining since early 2023, reflecting competitive pressures in the broadband market. The latest earnings call highlights a strategic shift to enhance customer experience and pricing simplicity, which has improved purchase conversion rates by 20%. Despite these efforts, broadband subscriber losses remain a challenge. However, the company's focus on growth areas like Xfinity Mobile and Peacock, alongside the successful launch of Epic Universe, indicates a strategic pivot to diversify revenue streams and mitigate broadband challenges.
Data provided by:Main Street Data

Comcast Earnings Call Summary

Earnings Call Date:Oct 30, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Jan 22, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong growth in wireless and theme parks, alongside record free cash flow, indicating positive momentum in certain segments. However, these were balanced by challenges in the Connectivity & Platforms segment, broadband subscriber decline, and ARPU pressure, creating a mixed outlook.
Q3-2025 Updates
Positive Updates
Strong Wireless Growth
Wireless net additions hit a new record at 414,000, with nearly half of residential postpaid phone connects coming from customers taking a free line. Wireless penetration of the broadband base surpassed 14%.
Improved Video Performance
Video performance improved with subscriber losses down more than 100,000 year-over-year, marking the best result in nearly five years.
Theme Parks and Studios Growth
Theme parks revenue grew nearly 20%, and studios saw strong theatrical results with the success of 'Jurassic World Rebirth' grossing nearly $900 million worldwide.
Record Free Cash Flow
Free cash flow increased 45% to $4.9 billion, driven by cash tax benefits and favorable working capital timing.
Negative Updates
Challenges in Connectivity & Platforms
Connectivity & Platforms EBITDA declined 3.7% due to costs associated with new pricing strategies and investments in customer experience.
Broadband Subscriber Decline
Broadband subscribers declined 104,000 due to intense competition, partially offset by seasonal back-to-school activity.
Broadband ARPU Pressure
Broadband ARPU growth slowed to 2.6% and is expected to step down more than 1 point in Q4, with continued pressure in early 2026 as no rate increase is planned.
Media Revenue Decline
Total company revenue declined about 3% year-over-year due to last year's Paris Olympics comparison, though excluding this impact, revenue increased nearly 3%.
Company Guidance
During Comcast's Third Quarter Earnings Conference Call for fiscal year 2025, several key metrics were highlighted. The company reported a 3% year-over-year decline in total revenue, primarily due to the comparison with the previous year's Paris Olympics. Excluding this impact, revenue increased by nearly 3%, driven by strong performances in theme parks and domestic wireless, which grew by 20% and 14%, respectively. Free cash flow saw a significant increase of 45% to $4.9 billion, allowing Comcast to return $2.8 billion to shareholders, including $1.5 billion in share repurchases and $1.2 billion in dividends. The Connectivity & Platforms segment experienced a 3.7% decline in EBITDA, attributed to investments in pricing, product, and customer experience improvements, with expectations of continued EBITDA pressure in the coming quarters. Comcast's wireless penetration reached over 14% of its broadband base, adding over 400,000 lines in the quarter. Despite challenges in the broadband market, Comcast's strategic initiatives, including the rollout of new pricing models and the introduction of advanced gateways, aim to position the company for future growth. The company also emphasized its robust sports portfolio, with live sports driving strong viewership and advertising performance across both broadcast and streaming platforms.

Comcast Financial Statement Overview

Summary
Comcast demonstrates strong profitability with a high net profit margin and robust EBIT and EBITDA margins. The balance sheet is solid with low leverage and high return on equity. However, the negative revenue growth rate is a concern, despite improving cash flow generation.
Income Statement
75
Positive
Comcast's income statement shows strong profitability with a high net profit margin of 18.33% in the TTM period. However, the revenue growth rate is negative, indicating a decline in revenue compared to previous periods. The EBIT and EBITDA margins are robust, suggesting efficient operations despite the revenue dip.
Balance Sheet
80
Positive
The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.06 in the TTM period, indicating low leverage. Return on equity is strong at 24.68%, showcasing effective use of equity to generate profits. The equity ratio is healthy, suggesting a stable capital structure.
Cash Flow
70
Positive
Cash flow analysis reveals a positive free cash flow growth rate of 11.82% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is slightly above 1, showing good cash conversion. However, the free cash flow to net income ratio is moderate, suggesting room for improvement in cash efficiency.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue123.31B123.73B121.57B121.43B116.39B103.56B
Gross Profit72.78B71.90B70.47B69.39B64.13B57.34B
EBITDA47.39B37.61B38.90B27.00B36.97B31.39B
Net Income22.61B16.19B15.39B5.37B14.16B10.53B
Balance Sheet
Total Assets273.00B266.21B264.81B257.27B275.90B273.87B
Cash, Cash Equivalents and Short-Term Investments9.32B7.32B6.21B4.75B8.71B11.74B
Total Debt99.06B99.09B97.09B99.98B100.02B108.93B
Total Liabilities175.58B179.94B181.34B175.24B177.90B180.85B
Stockholders Equity97.08B85.56B82.70B80.94B96.09B90.32B
Cash Flow
Free Cash Flow20.97B15.49B12.96B12.65B17.09B13.10B
Operating Cash Flow32.88B27.67B28.50B26.41B29.15B24.74B
Investing Cash Flow-16.83B-15.67B-7.16B-14.14B-13.45B-12.05B
Financing Cash Flow-15.55B-10.88B-19.85B-16.18B-18.62B-6.51B

Comcast Technical Analysis

Technical Analysis Sentiment
Negative
Last Price27.31
Price Trends
50DMA
30.73
Negative
100DMA
32.22
Negative
200DMA
33.27
Negative
Market Momentum
MACD
-0.93
Positive
RSI
33.45
Neutral
STOCH
45.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCSA, the sentiment is Negative. The current price of 27.31 is below the 20-day moving average (MA) of 28.85, below the 50-day MA of 30.73, and below the 200-day MA of 33.27, indicating a bearish trend. The MACD of -0.93 indicates Positive momentum. The RSI at 33.45 is Neutral, neither overbought nor oversold. The STOCH value of 45.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CMCSA.

Comcast Risk Analysis

Comcast disclosed 19 risk factors in its most recent earnings report. Comcast reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Comcast Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$200.42B17.4811.01%0.91%5.00%144.65%
72
Outperform
$165.79B8.3819.70%6.84%2.42%102.17%
72
Outperform
$173.27B7.9420.88%4.49%1.98%150.68%
69
Neutral
$99.99B4.5624.73%4.76%0.20%61.54%
66
Neutral
$58.27B6.0134.79%0.42%13.46%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
55
Neutral
$3.61B-0.97
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CMCSA
Comcast
27.31
-15.27
-35.86%
T
AT&T
24.74
3.64
17.25%
CHTR
Charter Communications
217.86
-175.18
-44.57%
LBTYA
Liberty Global A
10.66
0.44
4.31%
VZ
Verizon
39.82
1.86
4.90%
DIS
Walt Disney
110.49
12.41
12.65%

Comcast Corporate Events

Comcast’s Q3 2025: Strategic Growth Amid Revenue Dip
Oct 31, 2025

Comcast Corporation is a global media and technology company that provides broadband, wireless, and video services through brands like Xfinity and Sky, and produces and distributes entertainment content through NBC, Universal, and Peacock, among others. In its third-quarter earnings report for 2025, Comcast highlighted its strategic focus on strengthening its broadband and wireless offerings, with a record addition of 414,000 wireless lines. The company also noted significant revenue growth in its Theme Parks segment, driven by the success of Epic Universe, and a solid performance in Business Services. Despite a 2.7% decline in overall revenue compared to the previous year, largely due to the absence of Olympic-related income, Comcast reported a robust free cash flow of $4.9 billion, showcasing the resilience of its business model. Key financial metrics included a slight decrease in net income and earnings per share, while adjusted EBITDA remained stable. The company returned $2.8 billion to shareholders through dividends and share repurchases. Looking ahead, Comcast’s management remains focused on long-term growth, leveraging its diversified portfolio to navigate the evolving media landscape.

Business Operations and StrategyPrivate Placements and Financing
Comcast Completes Exchange and Cash Offers for Notes
Positive
Oct 9, 2025

On October 9, 2025, Comcast Corporation completed its previously announced Exchange Offers and Cash Offers, involving the exchange and purchase of certain existing notes for new notes due in 2037. The new notes, amounting to $480,046,000, carry an interest rate of 5.168% and are guaranteed by Comcast Cable Communications, LLC and NBCUniversal. This strategic financial maneuver is expected to optimize Comcast’s debt structure, potentially impacting its financial stability and market positioning.

The most recent analyst rating on (CMCSA) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Finalizes Amended Exchange and Cash Offers
Neutral
Oct 8, 2025

On October 8, 2025, Comcast Corporation announced the final results of its Amended Pool 2 Exchange Offers and Cash Offers, which expired on October 3, 2025. The company plans to issue approximately $480 million in New 2037 Notes, with a total outstanding amount expected to reach $1.17 billion. The completion of these offers indicates that Comcast has satisfied the necessary conditions, including the absence of adverse legal and market developments, which could impact the company’s financial strategy and market positioning.

The most recent analyst rating on (CMCSA) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Announces Preliminary Results of Exchange Offer
Neutral
Oct 6, 2025

On October 6, 2025, Comcast Corporation announced the preliminary results of its Amended Pool 2 Exchange and Cash Offers, which involve exchanging or purchasing outstanding notes for new 2037 notes. The company expects to issue approximately $491 million in new notes, subject to conditions and guaranteed delivery procedures, impacting its financial strategy and stakeholder interests.

The most recent analyst rating on (CMCSA) stock is a Hold with a $45.50 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Completes Exchange Offers for Pool 1 Notes
Neutral
Oct 2, 2025

On October 2, 2025, Comcast Corporation completed its previously announced private Exchange Offers and Cash Offers for its existing Pool 1 Notes, resulting in the issuance of $691,967,000 in new Notes due 2037. These new Notes, bearing an interest rate of 5.168% per year, are guaranteed by Comcast Cable Communications, LLC and NBCUniversal, and are part of a strategic financial maneuver to manage its debt obligations, potentially impacting its financial stability and market positioning.

The most recent analyst rating on (CMCSA) stock is a Sell with a $31.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Finalizes Debt Exchange and Cash Offers
Neutral
Oct 1, 2025

On October 1, 2025, Comcast Corporation announced the final results of its Pool 1 Debt Exchange and Cash Offers, which expired on September 26, 2025. Comcast plans to issue approximately $692 million in new 2037 Notes, satisfying the necessary conditions for the exchange. The company also completed its Pool 1 Cash Offers, meeting all conditions for purchasing the outstanding notes. These financial maneuvers are part of Comcast’s strategy to manage its debt portfolio, potentially impacting its financial stability and market positioning.

The most recent analyst rating on (CMCSA) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Comcast Appoints Michael J. Cavanagh as Co-CEO
Neutral
Sep 29, 2025

On September 29, 2025, Comcast Corporation announced the appointment of Michael J. Cavanagh as Co-Chief Executive Officer, effective January 2026, alongside Brian L. Roberts who continues as Chairman and Co-CEO. Cavanagh, who joined Comcast in 2015 as Chief Financial Officer and currently serves as President, is expected to help drive growth and manage the company’s strategic pivot in the industry.

The most recent analyst rating on (CMCSA) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Announces Debt Exchange and Cash Offers
Positive
Sep 29, 2025

On September 29, 2025, Comcast Corporation announced the results of its debt exchange offers and cash offers, which involved exchanging outstanding notes for new notes due in 2037 and 2038. The company amended the terms for its 4.150% notes due 2028 and 4.550% notes due 2029, with the exchange offers set to expire on October 3, 2025. This strategic financial maneuver is expected to impact Comcast’s debt structure by extending maturities and potentially reducing interest costs, thereby strengthening its financial position in the industry.

The most recent analyst rating on (CMCSA) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Announces Debt Exchange and Cash Offers
Neutral
Sep 26, 2025

On September 26, 2025, Comcast Corporation announced the pricing terms for its debt exchange offers and cash offers. The company is conducting seven separate private offers to exchange outstanding notes for newly issued notes due in 2037 and 2038. The exchange offers are set to expire on the same day, with settlement expected by October 2, 2025. Additionally, Comcast has announced cash offers for the purchase of old notes, targeting holders who are not eligible for the exchange offers. These financial maneuvers are part of Comcast’s strategy to manage its debt portfolio, potentially impacting its financial stability and market positioning.

The most recent analyst rating on (CMCSA) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Initiates Debt Exchange and Tender Offers
Positive
Sep 22, 2025

On September 22, 2025, Comcast Corporation announced the initiation of debt exchange and tender offers to repurchase seven series of its outstanding notes. This strategic financial maneuver involves exchanging old notes for new debt securities, with the aim of optimizing the company’s debt structure. The exchange offers are set to expire on September 26, 2025, with settlement expected by October 2, 2025. This move is likely to impact Comcast’s financial operations by potentially lowering interest expenses and extending debt maturities, thereby enhancing its financial flexibility and market positioning.

The most recent analyst rating on (CMCSA) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Comcast Announces Redemption of 3.950% Notes
Neutral
Aug 22, 2025

On August 22, 2025, Comcast Corporation announced its decision to redeem all outstanding amounts of its 3.950% Notes due October 15, 2025, amounting to approximately $2.474 billion, with the redemption date set for September 22, 2025. This move is expected to impact Comcast’s financial obligations and could influence its market positioning by potentially improving its debt profile.

The most recent analyst rating on (CMCSA) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Comcast stock, see the CMCSA Stock Forecast page.

Comcast Reports Strong Q2 2025 Earnings Growth
Aug 1, 2025

Comcast Corporation is a global media and technology company that provides broadband, wireless, and video services through brands like Xfinity and Sky, and produces and distributes content via NBC, Universal, and Peacock, among others. In its second-quarter earnings report for 2025, Comcast Corporation announced a 2.1% increase in revenue to $30.3 billion and a significant rise in net income attributable to Comcast to $11.1 billion, largely due to a $9.4 billion gain from the sale of its interest in Hulu. The company also reported a 3.3% increase in adjusted earnings per share to $1.25 and generated $4.5 billion in free cash flow. Comcast’s wireless business achieved record growth, adding 378,000 lines, and its theme parks segment saw a revenue increase of 18.9%, driven by the opening of Epic Universe. The company’s media segment also performed well, with Peacock revenue up 18%. Despite a decrease in adjusted net income by 1.7%, Comcast returned $2.9 billion to shareholders through dividends and share repurchases. Looking ahead, Comcast remains confident in its strategic focus and capital allocation, positioning itself well for future growth with plans to expand its content offerings, including NBA coverage on Peacock.

Comcast Earnings Call: Mixed Sentiment with Growth and Challenges
Aug 1, 2025

The recent earnings call for Comcast Corp painted a mixed picture of the company’s performance, highlighting both significant achievements and ongoing challenges. The sentiment during the call was balanced, with strong growth in parks, mobile, and streaming sectors being offset by difficulties in broadband and media advertising revenue. The successful launch of Epic Universe and the robust performance of NBC and Peacock were notable positives, while broadband subscriber losses and declines in media advertising revenue underscored existing hurdles.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 31, 2025