BUZZ-Street View: Comcast to face intense competition

Reuters
2025/08/01
BUZZ-Street View: Comcast to face intense competition

** Media and telecom major Comcast CMCSA.O topped estimates for quarterly revenue and profit on Thursday, driven by a surge in theme park attendance sparked by the May debut of "Epic Universe", growth in its domestic wireless business and a spike in streaming revenue

** On average, stock is rated "hold" by 31 analysts; median PT is $39.5 - data compiled by LSEG

HOLDING ON IN A CROWDED MARKET

** J.P. Morgan ("neutral," PT: $38) encouraged by improving broadband trends, but remains cautious due to rising competition from fiber and fixed wireless access

** Oppenheimer ("outperform," PT: $38) believes co's revamped go-to-market strategy and converged service packaging are improving subscriber trends; but expects co to trail Charter CHTR.O and lose market share to FWA and fiber providers

** BofA Global Research ("neutral," PO: $38) believes intense competition will likely drive broadband subscriber losses for the foreseeable future

** Benchmark ("buy," PT: $48) says that despite the weak result, new Xfinity initiatives could drive modest growth in Connectivity & Platforms adjusted EBITDA from next year

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

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