Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Comcast Corp (NASDAQ:CMCSA) reported second-quarter FY21 revenue growth of 20.4% year-on-year to $28.5 billion, beating the analyst consensus of $27.2 billion.
- Revenue for Cable Communications rose 10.9% Y/Y to $16.0 billion, driven by increases in broadband, advertising, wireless, business services, video, and other revenue, partially offset by a decrease in voice revenue.
- Customer Relationships increased by 294,000 to 33.8 million. Broadband customer net additions were 354,000. It added 280,000 wireless lines in Q2.
- Revenue for NBCUniversal increased 39.2% Y/Y to $8.0 billion, Media increased 25.7% Y/Y to $5.1 billion, reflecting higher advertising revenue, Studios increased 8.4% Y/Y to $2.2 billion, primarily reflecting higher theatrical revenue.
- Theme Parks' revenue increased 705% Y/Y to $1.1 billion, reflecting improved operating conditions.
- Revenue for Sky increased 28.0% Y/Y to $5.2 billion. Total Customer Relationships decreased by 248,000 to 23.2 million.
- Adjusted net income increased 24.3% Y/Y to $3.9 billion, translating to an adjusted EPS of $0.84, beating the consensus of $0.66.
- Adjusted EBITDA margin contracted 215 bps to 31.3%.
- Comcast generated $7.6 billion in operating cash flow and held $12.4 billion n cash and equivalents.
- It paid dividends totaling $1.2 billion and repurchased shares for $500 million.
- Cable Communications' capital expenditures increased 16.8% to $1.7 billion, NBCUniversal's capital expenditures decreased 52.0% to $182 million, and Sky's capital expenditures decreased 14.4% to $184 million.
- Price action: CMCSA shares traded higher by 1.52% at $58.86 in the premarket session on the last check Thursday.
- Photo by Matkud via Wikimedia
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!