CMCSA 3Q24 Quick Take: Strong results; broadband adds +VE
Results beat expectations for revenue, EBITDA, and FCF. Both C&P and C&E delivered better than expected revenue and EBITDA. Perhaps most surprisingly, broadband adds were positive excl. ACP impact (with some one-time help). Stock should be up.Comcast is a media and technology company. The company's segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.
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