The Comcast Corporation, commonly known as Comcast, is a renowned multinational conglomerate specializing in telecommunications and media, boasting a storied legacy within the United States. Within the confines of this article, we shall embark upon a comprehensive exploration of diverse facets pertaining to the esteemed organization, encompassing its financial valuation, historical trajectory, chief executive officer, central administrative hub, and its genesis within the borders of the United States.
Comcast Corporation boasts a formidable net worth, solidifying its position as a prominent player in the expansive realm of media and entertainment on a global scale. Based on the most recent data at our disposal, it is evident that the company’s extensive range of assets, encompassing cable television, internet services, broadcasting, and film production, significantly augments its considerable fiscal worth. The valuation of assets possessed by an entity can experience oscillations over time, yet the enduring strength of Comcast’s standing within the industry remains steadfast.
|Comcast Company Origin Country||Tupelo, Mississippi, United States|
|Established Year||June 28, 1963|
|Headquarters||Philadelphia, Pennsylvania, United States|
|Comcast Company CEO||Brian L. Roberts|
|Comcast Company Net Worth||$172.12 billion as of November 01, 2023|
|Industry||Telecommunications, Media & Entertainment|
Comcast Company Background Information
The origins of Comcast can be traced back to the year 1963, when it was established by the esteemed trio of Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky in the city of Tupelo, Mississippi. In its nascent stages, the organization functioned as a diminutive operator of cable systems. Throughout its history, Comcast has embarked upon a trajectory of expansion and intellectual advancement, strategically procuring a diverse array of cable and media assets.
The corporation became Comcast Corporation in Pennsylvania in 1969. Comcast went public on June 29, 1972, with a $3,010,000 market cap. HBO started in 1977 on a Comcast system with 20,000 users in western Pennsylvania with a five-night free preview and 15% sign-up rate.
In February 1990, Ralph Roberts’ son Brian L. Roberts became Comcast president. Comcast Cellular bought Metrophone, Metromedia’s Philadelphia-area cellular telephone branch, two years later. Comcast held 50% of Garden State Cable, which had 195,000 subscribers in 1994. Comcast acquired Maclean-Hunter’s American branch for $1.27 billion that year, becoming the third-largeThe Philadelphia Flyers were acquired by Comcast Spectacor in 1996. Microsoft spent $1 billion in Comcast in 1997, launching digital TV. Comcast and Disney acquired 50.1% of E! Entertainment that year. It was offered in Philadelphia, Detroit, Baltimore, Orange County, California, Sarasota, and Union, New Jersey by December 31, 1997.
Comcast Company Financial Growth
Comcast 2010–2023 revenue growth and annual/quarterly history. Revenue is the money a firm earns from selling goods and services. Net income is calculated by subtracting costs and expenses from revenue, the top line item on an income statement.
- Comcast sales rose 0.89% to $30.115B in the quarter ending September 30, 2023.
- Comcast revenue fell 0.28% to $120.871B in the year ended September 30, 2023.
- Comcast earned $121.427B in 2022, up 4.33% from 2021.
- Comcast earned $116.385B in 2021, up 12.38% from 2020.
- Comcast earned $103.564B in 2020, down 4.94% from 2019.
Comcast Corporation runs media and technology businesses all over the world. They offer high-speed internet, wireless services, and video through their Xfinity, Comcast Business, and Sky brands. They also make, distribute, and stream top entertainment, sports, and news through Universal Studio Group, the NBC and Sky Studios, multiple cable networks, NBC Universal News and sports Group, Sky News and Sports and they create unforgettable experiences at Universal Parks and Sky Studios.