Comcast Corp

According to Hulu, its 2018 advertising revenue rose 45%. Hulu is also adding subscribers and investing in original content and licensed series.

Netflix added 7.0 million subscribers in the third quarter, beating its forecast of 5.0 million subscribers and helping it to report better-than-expected revenue and earnings.

Netflix’s (NFLX) TTM (trailing-12-month) gross margin stands at 33.79% compared to the industry and sector average of 42.06% and 40.92%, respectively.

Charter Communications’ (CHTR) top line has been improving for the past few quarters.

In June, the Walt Disney Company agreed to buy the media and entertainment assets of Rupert Murdoch–owned 21st Century Fox.

Netflix is now trading at a PE (price-to-earnings) multiple of 239.61x.

In fiscal 2Q18, Disney’s Parks and Resorts segment reported revenues of $4.9 billion.

Time Warner’s (TWX) studio segment, Warner Bros., had a weak 1Q18, with both its revenue and operating income falling.

In December 2017, the Walt Disney Company (DIS) announced its plans to buy some of the assets of 21st Century Fox (FOXA) for an equity value of ~$52.4 billion.

According to Juniper Research, the value of the digital TV and video industry is expected to grow to $119 billion by 2022, up from an estimated $64 billion in 2017.

Comcast’s (CMCSA) revenue grew 8% and 5% in 2016 and 9M17, respectively. The broadcast of the Rio Olympics in 3Q16 drove the 2016 numbers.

In this series, we’ll be taking a look at the companies that have announced $1,000 dollar bonuses, pay raises, increased dividends, and buybacks in the last two months.

The top cable companies continue to show strong momentum in the US broadband market with Comcast (CMCSA) and Charter (CHTR) adding the most broadband customers in 3Q17 given the higher speeds.

Pixar’s historical success The Walt Disney Company’s (DIS) Pixar continues to boost its Studio Entertainment segment with hit movie releases. To date, Pixar has produced 18 films, including Toy Story, Finding Nemo, and Cars. These movies have generated business of more than $11 billion for the company worldwide. Even its latest movie, Cars 3, released this year, […]

Among the major cable companies, Comcast (CMCSA) has already ventured into the wireless industry by launching a wireless service.

Comcast’s (CMCSA) Cable Communications business continues to be driven by its high-speed Internet and video business.

Comcast’s franchise-focused strategy In the first part of this series, we looked at how Comcast’s (CMCSA) fiscal 2Q17 results were strongly driven by the company’s filmed entertainment and theme parks businesses. In this part of the series, we’ll look at the key factors that are driving Comcast’s filmed entertainment business. Comcast’s filmed entertainment business is […]

In May 2017, Comcast introduced its new Wi-Fi gateway, xFi, which offers a personalized Wi-Fi experience to its users.

Popularity of English-language content in China Media companies in the United States (SPY) are increasingly looking at the Chinese (FXI) market as Hollywood movies become popular there. However, there have also been concerns about box office success in the country. On June 27, The Wall Street Journal reported, citing an unknown source, that the six […]

Comcast’s (CMCSA) programming costs rose 11.7% year-over-year (or YoY) in 1Q17. What’s been driving the rise in the company’s programming costs?

Disney stated at the conference that it will keep investing in its businesses not just for growth but also to give superior returns to shareholders.

The Walt Disney Company (DIS) announced its fiscal 2Q17 results on May 9. The company’s stock price closed at $109.58 on May 11, 2017.

Disney said in an earnings call that the US corporate tax policy needs to be changed because American companies are no longer competitive.

Dish Network (DISH) had an average monthly pay-TV churn rate of 1.8% in 2016.

M&A activity seems to be driving the media industry towards consolidation.

Comcast stated that the key to getting ahead of the competition has been the company’s strategy to offer products based on market segmentation.

The potential acquisition of Charter Communications (CHTR) could be seen as another attempt by Verizon (VZ) to pursue revenue growth outside its traditional carrier business.

On January 13, 2017, Dish Network’s (DISH) stock closed at $62.27. In this series, we’ll explore Dish Network’s spectrum holdings and the broadcast spectrum auction.

Time Warner (TWX) has high-quality content assets, and AT&T (T) has extensive customer relationships across the wireless, video, and fixed broadband platforms.

In 2016, Charter Communications (CHTR) completed its merger with Time Warner Cable and Bright House Networks.

Media companies like The Walt Disney Company (DIS) mainly derive their revenues from affiliate fees and advertising.

On November 2, 2016, The Walt Disney Company’s (DIS) stock closed at $92.39. The company’s stock price has fallen 13.6% year-to-date (or YTD) and 3.3% in the past three months.

Early this year, Charter Communications (CHTR) completed its merger with Time Warner Cable and Bright House Networks, making Charter the second-largest US cable player.

Like Verizon, AT&T (T) also saw a revenue decline in its US wireless business in the last quarter on a year-over-year basis.

Comcast stated that the licensing fees earned from this strategy with Cox would give the company “additional scale in development.”

Comcast (CMCSA) considers China a market that will generate a significant profit for the company in the long term.

In the “Janus Market GPS,” the team had outlined its belief that a low unemployment rate signaled tighter labor market conditions.

Valuation metrics In this part of the series, we’ll look at some key metrics investors can use to compare the values of media companies. Specifically, we’ll look at media valuation multiples. Some valuation metrics include the PE (price-to-earnings), EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization), PCF (price-to-cash flow), and PFCF (price-to-free […]

On May 20, The Walt Disney Company announced that Marvel’s Captain America: Civil War was set to surpass $1 billion in earnings at the global box office.

The merger of Charter Communications (CHTR), Time Warner Cable (TWC), and Bright House Networks was completed on May 18, 2016.

Comcast is increasingly focusing on its Business Services segment, which has three growth engines: small business, mid-sized business, and enterprise.

We prefer EV-to-EBITDA and PCF over the other multiples when comparing valuation of media conglomerates with different structures.

Time Warner’s (TWX) Warner Bros. had revenues of $13 billion in fiscal 2015, up by 4% year-over-year. However, Warner Bros. had a 13% year-over-year decrease in revenues in fiscal 4Q15.

With improved consumer sentiment, there may be greater consumer spending in the economy, which may translate into faster economic growth.

By offering different products like triple-play services, Comcast is catering to millennials, who want different content and can be heavy video viewers.

Comcast (CMCSA) has two primary business segments, Cable Communications and NBCUniversal.

In 1969, American Cable Systems was renamed Comcast Corporation.

The advertising revenues for Comcast’s (CMCSA) NBCUniversal Cable Networks and Broadcasting Television business are susceptible to advertising cyclicality and program ratings.

The advertising revenues for Comcast’s NBCUniversal Cable Networks and Broadcasting Television segment are susceptible to advertising cyclicality and program ratings.

Disney considers itself a creative content company, and creative excellence is the key to its success. It expects to continue to invest both organically and inorganically.