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Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost
Reuters23d agoneutral
Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost

Comcast's Peacock streaming service reported its first quarterly profit ever on Thursday, as the soccer World Cup and the hit reality ‌show "Love Island USA" attracted more subscribers. Shares of the company were up 3% ‌in premarket trading. The $189 million pre-tax profit marks a major win for the streaming service, which was a ​late entrant in 2020 and had to spend billions of dollars on content to establish a foothold in a market dominated by Netflix, Disney+ and Amazon Prime Video.

Comcast (CMCSA) Eyes Letterboxd, Is The Stock Cheap?
Simply Wall St.24d agoneutral
Comcast (CMCSA) Eyes Letterboxd, Is The Stock Cheap?

Comcast (CMCSA) is back in focus after reports that it is among several potential bidders for film social platform Letterboxd, a possible US$250 million deal that highlights competition for engaged streaming audiences. See our latest analysis for Comcast. Against a backdrop of rural broadband expansions in Florida and Georgia, strong box office results for Universal’s “The Odyssey” and fresh Letterboxd interest, Comcast’s 1 month share price return of 6.15% contrasts with a year to date share...

AMC, IMAX Stocks Deliver 'Odyssey', Earnings Thrills, Chills
Investor's Business Daily26d agoneutral
AMC, IMAX Stocks Deliver 'Odyssey', Earnings Thrills, Chills

Christopher Nolan's "The Odyssey," the first-ever theatrical release shot in IMAX's largest and highest-resolution film format, delivered a record-breaking $52 million first-weekend haul for the immersive IMAX theaters alone. The blockbuster opening helped fuel IMAX stock and AMC Entertainment as the latter reported stronger-than-expected second-quarter results. "The Odyssey," produced by Comcast's Universal Pictures, grossed $264 million globally, including non-IMAX overall ticket sales, and $124.5 million in the U.S., much better than expected.

1 Value Stock to Consider Right Now and 2 Facing Headwinds
StockStory26d agoneutral
1 Value Stock to Consider Right Now and 2 Facing Headwinds

Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason — five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.

Comcast (CMCSA) Plans Split That Could Put NBCUniversal In Netflix's Sights
Simply Wall St.27d agoneutral
Comcast (CMCSA) Plans Split That Could Put NBCUniversal In Netflix's Sights

Comcast (NasdaqGS:CMCSA) is reportedly preparing to split into two businesses, separating its cable operations from NBC Universal. The potential breakup would create a standalone NBC Universal that some analysts see as a possible acquisition target for Netflix. The reports point to a move that could reshape how Comcast structures its media and connectivity assets. For investors tracking Comcast, this kind of structural shift would sit at the crossroads of cable distribution, broadband, and...

Why Trump’s Threat to Revoke ABC, NBC Licenses Isn’t Rattling Media Stocks
Barrons.com29d agoneutral
Why Trump’s Threat to Revoke ABC, NBC Licenses Isn’t Rattling Media Stocks

The latest threat to revoke the broadcasting licenses of companies whose programming doesn’t align with the Trump administration’s priorities has left Wall Street largely unfazed. While that is “likely not a deterrent for the administration,” Capital Alpha Partners managing director Robert Kaminski told Barron’s, “the unprecedented nature of that type of action and the prospect of a long, drawn-out legal process may be why investors are less concerned about it in the short term.” Tensions between the networks and the administration came to a head Thursday night when President Donald Trump suggested that ABC and NBC should have their licenses pulled for not covering his prime-time speech.

NBC Universal could be Netflix's next big acquisition target: BofA analyst
Yahoo Finance Video29d agoneutralVIDEO
NBC Universal could be Netflix's next big acquisition target: BofA analyst

While reporting mixed second quarter earnings results, it's Netflix's (NFLX) disappointing third quarter outlook that's dragging the stock lower on Friday. BofA Securities senior media & entertainment analyst Jessica Reif Ehrlich addresses whether an acquisition is still on the table for the streaming giant after losing out on its bid for Warner Bros. Discovery (WBD).