ICR: A-
Outlook: Stable
Comcast is a leading media and communications company, providing connectivity services, creating content and offering entertainment experiences. The company's residential cable business is its largest, accounting for 60% of total revenues (before eliminations) and 72% of EBITDA (before corporate) in 2023, pro forma for the announced separation of cable networks. Business connectivity accounts for 8% of revenues, the Media business including NBC and Telemundo broadcast networks and local stations, Peacock streaming service and remaining cable networks accounts for 15% of revenues, film and television studios for 10%, and Universal theme parks for 7%. In November 2024, Comcast announced a plan to separate several cable networks into an independent company by late 2025.
ICR: A-
Outlook: Stable
Comcast is a leading media and communications company, providing connectivity services, creating content and offering entertainment experiences. The company's residential cable business is its largest, accounting for 60% of total revenues (before eliminations) and 72% of EBITDA (before corporate) in 2023, pro forma for the announced separation of cable networks. Business connectivity accounts for 8% of revenues, the Media business including NBC and Telemundo broadcast networks and local stations, Peacock streaming service and remaining cable networks accounts for 15% of revenues, film and television studios for 10%, and Universal theme parks for 7%. In November 2024, Comcast announced a plan to separate several cable networks into an independent company by late 2025.
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