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Comcast

Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.

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&#34;Saturday Night Live&#34; kicks off its 50th anniversary season on Sept. 28.

Will Kamala Harris Appear On Saturday Night Live Before 2024 Election? Polymarket Prediction Market Says...

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Comcast Corporation - Class A Common Stock

Comcast Corp

"Saturday Night Live" kicks off its 50th anniversary season on Sept. 28. While the host and musical guest have not been announced, crypto bettors are placing wagers on whether Vice President Kamala Harris will make an appearance during one of the show&#8217;s skits involving the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>  
What Happened: Prediction market Polymarket <a href="https://polymarket.com/event/will-kamala-go-on-snl?tid=1723144080845">lists </a>the odds of Harris coming on "Saturday Night Live" before the 2024 election at 51%. The odds hit 97% back on Aug. 5 and were trading over 70% earlier this month.
On <a href="https://www.benzinga.com/topic/polymarket">Polymarket</a>, users can deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). In each betting market, the winning option pays out at $1.
Whether or not Harris appears on future SNL episodes, it has already been announced that former cast member Maya Rudolph is set to return for season 50 to portray Harris. 
Rudolph, a cast member from 2000 to 2007, has been back on the show for this portrayal multiple times and won an Emmy Award in 2020 for her role as Harris.
It was also reported that actor and frequent SNL host Steve Martin turned down the opportunity to portray Harris' running mate Minnesota Governor Tim Walz.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Neither Harris, nor SNL, will likely confirm an upcoming appearance. But the current vice president would be far from the first cameo.
Political figures are often featured in skits alongside the people who portray them. On Nov. 8, 2015, then-candidate Donald Trump hosted an episode and appeared alongside Taran Killam and Darrell Hammond for his opening monologue. 
See below. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Donald Trump Monologue - SNL" width="500" height="281" src="https://www.youtube.com/embed/PkLzSLkYnGc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Trump also hosted an episode in 2004. His relationship with the comedy hit soured in recent years with the former president criticizing how actor Alec Baldwin portrayed him.
"<a href="https://www.benzinga.com/topic/snl">Saturday Night Live</a>" also parodied<a href="https://www.benzinga.com/markets/cryptocurrency/22/12/30134591/seems-like-a-scam-and-in-many-ways-it-is-saturday-night-live-trolls-donald-trump-nft-colle"> Trump's NFTs </a>and<a href="https://www.benzinga.com/general/entertainment/24/02/37325976/donald-trump-gold-sneakers-get-saturday-night-live-parody-treatment-white-men-can-trump-bas"> sneaker launches</a> as cash grabs.
Among the other presidents who appeared on SNL include Gerald Ford, George H.W. Bush and Barack Obama. Other political figures to appear on the show include Bob Dole, Al Gore, Ralph Nader, John McCain, Hillary Clinton and Sarah Palin.
A Harris appearance on SNL could boost the candidate&#8217;s exposure ahead of Election Day. Bill Clinton&#8216;s appearance on "The Arsenio Hall Show" in 1992, for example, <a href="https://www.benzinga.com/general/social-media/23/05/32581204/desantis-declares-presidential-bid-with-musk-on-twitter-spaces-social-media-becomes-pivotal-">served as a key moment</a> that helped the then-Governor of Arkansas win over young voters ahead of his presidential election win.
SNL airs on NBC, a unit of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/general/politics/24/09/40844701/trump-harris-might-not-debate-again-but-their-running-mates-will-what-voters-should-know-about-w">Trump, Harris Might Not Debate Again But Their Running Mates Will: What Voters Should Know About Walz Vs. Vance Matchup</a></li>
</ul>
Image: Shutterstock

Two weeks of the 2024 National Football League season are almost in the books with soaring interest from fans around the world, which could benefit media companies that <a href="https://www.benzinga.com/general/entertainment/23/10/35320588/nfl-viewership-dominates-ratings-for-broadcast-streaming-with-or-without-taylor-swift-fans-">have NFL rights.</a>
What Happened: Viewership figures are in for the first week of the NFL season along with the first "Thursday Night Football" game from Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) streaming platform Prime Video, which kicked off<a href="https://www.benzinga.com/general/entertainment/24/09/40841727/nfl-week-2-betting-odds-media-stocks-to-watch-will-josh-allen-stay-perfect-on-thursdays-can"> the second week.</a>
The first week saw NFL games average 21 million viewers, setting the highest opening-week average on record for the league.
Among the media companies that benefitted from the opening week of the NFL season were Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) and The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).
Comcast had three prime-time games during the first week with the opening game on Sept. 5, a Peacock streaming exclusive on Sept. 6 and the opening weekend's Sunday Night Football game. Viewership for the opening kickoff game was 29.2 million, up 9% to last year's kickoff game, as <a href="https://www.hollywoodreporter.com/tv/tv-news/tv-ratings-nfl-returns-in-dominating-form-1236001230/">reported </a>by The Hollywood Reporter.
The Friday night Peacock exclusive game had an average of 14 million viewers. The opening Sunday Night Football game was watched by an average of 22.8 million people across NBC and Peacock.
Disney saw 20.5 million viewers for the first Monday Night Football game of the season across ABC, ESPN, ESPN2 and streaming platforms.
CBS and Fox also saw strong viewership for the Sunday afternoon games with Fox averaging an impressive 23.9 million viewers for the late Sunday afternoon national game between the Dallas Cowboys and Cleveland Browns, which was Tom Brady's Fox broadcast debut for broadcasting.
The second week of the NFL season kicked off with a ban with Amazon's first 2024 game seeing an average of 14.96 million viewers. The figure was the third largest Thursday Night Football game for Amazon ever and significantly ahead of the company's 2023 season average viewership of 11.8 million viewers.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/40776084/kendrick-lamar-to-perform-super-bowl-lix-halftime-could-apple-fox-and-universal-music-get-a">Kendrick Lamar To Perform Super Bowl LIX Halftime: Could Apple, Fox And Universal Music Get A Boost?</a>
Why It's Important: Media companies continue to shell out millions of dollars for national sports rights, especially the NFL.
The strong opening week viewership show exactly why, as having the rights to key NFL games can help with advertising revenue and also boost streaming subscribers.
In 2023, 93 of the top 100 most watched shows were NFL games, according to data from Nielsen. A <a href="https://variety.com/2023/tv/news/most-watched-shows-2023-ncis-oscars-blue-bloods-super-bowl-yellowstone-1235854795/">report </a>from Variety showed that 45 of the top 100 most watched primetime broadcasts in 2023 were NFL games.
While Disney, Fox and Paramount have benefitted from NFL rights for many years, Comcast could be one of the biggest beneficiaries for the 2024 season with the extra primetime game in the first week and the potential boost to its Peacock streaming platform.
Amazon signed a big streaming-only deal with the NFL that has benefitted the company with additional branding boost for Prime Video and also led to more sign-ups for the streaming platform.
The streaming company's NFL deal also led to other streaming companies ready to commit more to live sports rights, including rival streaming platform Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
After years of focusing on what it calls sports adjacent programming of sports docuseries and specials, Netflix is now investing more in live sports content. The streaming giant will air its first NFL games in the 2024 season with two highly anticipated Christmas day matchups.
Netflix will stream the Kansas City Chiefs at Pittsburgh Steelers at 1 p.m. ET and the Baltimore Ravens at Houston Texans at 4:30 p.m. ET on Christmas Day. The games could provide a boost to Netflix's subscriber count, particularly its ad-supported plan which has been a large company focus.
For the NFL, media partners mean big dollars. For media partners, the NFL means big viewership and advertising money. A potential win-win for all parties involved.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/05/38909548/2024-nfl-schedule-unpacked-media-partners-win-taylor-swift-tour-dates-considered-new-betti">2024 NFL Schedule Unpacked: Media Partners Win, Taylor Swift Tour Dates Considered, New Betting Odds And More</a></li>
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Image: Shutterstock

The 2024 National Football League season continues with a second week featuring three primetime games and all 32 teams in action, including the Kansas City Chiefs, who are hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the second week of the 2024 NFL season.
Week 2 Betting Odds: The Chiefs remain the<a href="https://www.benzinga.com/general/entertainment/24/09/40694176/nfl-week-1-betting-odds-national-tv-games-can-comcast-win-will-home-teams-have-the-spotligh"> betting favorite to win</a> Super Bowl LIX as the top NFL team for the season after an impressive opening week win over the Philadelphia Eagles.
Here are the week 2 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with the teams records in parentheses.
<ul>
<li>Buffalo Bills (1-0) at Miami Dolphins (1-0) -2.5</li>
<li>Tampa Bay Buccaneers (1-0) at Detroit Lions (1-0) -7.5</li>
<li>Las Vegas Raiders (0-1) at Baltimore Ravens (1-0) -8.5</li>
<li>San Francisco 49ers (1-0) -5 at Minnesota Vikings (1-0)</li>
<li>Los Angeles Chargers (1-0) -6 at Carolina Panthers (0-1)</li>
<li>New Orleans Saints (1-0) at Dallas Cowboys (1-0) -6</li>
<li>Indianapolis Colts (1-0) -2.5 at Green Bay Packers (1-0)</li>
<li>New York Jets (0-1) -4 at Tennessee Titans (0-1)</li>
<li>Cleveland Browns (0-1) at Jacksonville Jaguars (0-1) -3</li>
<li>New York Giants (0-1) at Washington Commanders (0-1) -2</li>
<li>Seattle Seahawks (1-0) -3.5 at New England Patriots (1-0)</li>
<li>Los Angeles Rams (0-1) at Arizona Cardinals (0-1) -1.5</li>
<li>Cincinnati Bengals (0-1) at Kansas City Chiefs (1-0) -5</li>
<li>Pittsburgh Steelers (1-0) -2.5 at Denver Broncos (0-1)</li>
<li>Chicago Bears (1-0) at Houston Texans (1-0) -6.5</li>
<li>Atlanta Falcons (0-1) at Philadelphia Eagles (1-0) -6.5</li>
</ul>
A quick look at the betting odds shows that sportsbooks are giving away teams more love this week, with six away teams favored. This compares to Week 1 where only two away teams were favored, and five away teams ended up winning.
The second week also features four matchups between teams that failed to win their opening games, with each team fighting to avoid an early 0-2 start to the season.
At DraftKings, these are the top five teams getting the most action against the spread, <a href="https://x.com/BFawkes22/status/1833845967872819268">according </a>to sports betting writer Ben Fawkes:
<ul>
<li>Chargers -6.5%, 90%</li>
<li>Eagles -6.5, 87%</li>
<li>Commanders -1.5, 86%</li>
<li>Ravens -9, 84%</li>
<li>49ers -6, 83%</li>
</ul>
In week 1 several of the most bet on teams lost against the spread with top favorite the Bengals -8.5 losing outright. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1833520555670311427">said </a>teams with 50% or more bets on them went 6-10 against the spread in week 1.
For Thursday night's opening game featuring the Bills and Dolphins, Ewing <a href="https://x.com/johnewing/status/1834256907374096601">said </a>Bills quarterback Josh Allen is 6-0 overall and 4-2 against the spread in Thursday games.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024">Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season</a>
Media Stocks on Watch: NFL viewership was up 12% year-over-year in the first week of the season, as <a href="https://frontofficesports.com/nfl-week-1-sets-viewership-record-with-an-average-of-21-million/">reported </a>by FrontOfficeSports.
A rare Friday game between the Packers and Eagles was watched by 14 million people, with the game being exclusive on the Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Peacock streaming platform.
The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) recorded 20.4 million viewers for the first Monday Night Football game, which was down 10% from last year's record-setting debut, but was the second most-watched Week 1 Monday Night Football game since 2006.
Here are the national primetime television games for the second week of the NFL season:
<ul>
<li>Thursday, Sept. 12, 8:15 p.m. ET: Bills, Dolphins on Prime Video, a unit of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</li>
<li>Sunday, Sept. 15, 8:20 p.m. ET: Bears, Texans on NBC, Peacock</li>
<li>Monday, Sept. 16, 8:15 p.m. ET: Falcons, Eagles on ESPN</li>
</ul>
Of the six teams featured in the primetime games, five won their first week game, setting up some highly anticipated week 2 matchups. 
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
Coverage will vary by location. In Week 1, CBS and Fox games averaged 18.4 million viewers per game—the highest opening-week Sunday afternoon figure since 2016 and a 21% increase over last year&#8217;s opening week.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
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Photo: Shutterstock

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In today's fast-paced and highly competitive business world, it is crucial for investors and industry followers to conduct comprehensive company evaluations. In this article, we will delve into an extensive industry comparison, evaluating Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) in relation to its major competitors in the Media industry. By closely examining key financial metrics, market standing, and growth prospects, our objective is to provide valuable insights and highlight company's performance in the industry.
<h3>Comcast Background</h3>
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Comcast Corp</td>
<td>10.41</td>
<td>1.82</td>
<td>1.30</td>
<td>4.74%</td>
<td>$9.74</td>
<td>$21.73</td>
<td>-2.71%</td>
</tr>
<tr>
<td>Charter Communications Inc</td>
<td>10.32</td>
<td>3.58</td>
<td>0.88</td>
<td>9.95%</td>
<td>$5.35</td>
<td>$5.51</td>
<td>0.19%</td>
</tr>
<tr>
<td>Cable One Inc</td>
<td>7.81</td>
<td>0.95</td>
<td>1.22</td>
<td>2.45%</td>
<td>$0.19</td>
<td>$0.29</td>
<td>-6.97%</td>
</tr>
<tr>
<td>Grupo Televisa SAB</td>
<td>0.11</td>
<td>0.18</td>
<td>0.28</td>
<td>-0.02%</td>
<td>$1.66</td>
<td>$5.21</td>
<td>-5.83%</td>
</tr>
<tr>
<td>Average</td>
<td>6.08</td>
<td>1.57</td>
<td>0.79</td>
<td>4.13%</td>
<td>$2.4</td>
<td>$3.67</td>
<td>-4.2%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>By closely examining Comcast, we can identify the following trends: 
<ul>
<li>
At 10.41, the stock's Price to Earnings ratio significantly exceeds the industry average by 1.71x, suggesting a premium valuation relative to industry peers.
</li>
<li>
The elevated Price to Book ratio of 1.82 relative to the industry average by 1.16x suggests company might be overvalued based on its book value.
</li>
<li>
With a relatively high Price to Sales ratio of 1.3, which is 1.65x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
The company has a higher Return on Equity (ROE) of 4.74%, which is 0.61% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
</li>
<li>
With higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $9.74 Billion, which is 4.06x above the industry average, the company demonstrates stronger profitability and robust cash flow generation.
</li>
<li>
The gross profit of $21.73 Billion is 5.92x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of -2.71% is notably higher compared to the industry average of -4.2%, showcasing exceptional sales performance and strong demand for its products or services.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726066845_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio provides insights into the proportion of debt a company has in relation to its equity and asset value.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When examining Comcast in comparison to its top 4 peers with respect to the Debt-to-Equity ratio, the following information becomes apparent:
<ul>
<li>
In the context of the debt-to-equity ratio, Comcast holds a middle position among its top 4 peers.
</li>
<li>
This indicates a moderate level of debt relative to its equity with a debt-to-equity ratio of 1.18, which implies a relatively balanced financial structure with a reasonable debt-equity mix.
</li>
</ul>
<h3>Key Takeaways</h3>
For Comcast, the PE, PB, and PS ratios are all high compared to its peers in the Media industry, indicating that the stock may be overvalued based on these metrics. On the other hand, Comcast's high ROE, EBITDA, gross profit, and revenue growth suggest strong financial performance and growth potential relative to industry competitors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Markets

Assessing Comcast's Performance Against Competitors In Media Industry

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$500.00</td>
<td>$36.7K</td>
<td>4.5K</td>
<td>10.3K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$157.50</td>
<td>$34.3K</td>
<td>1.1K</td>
<td>5.3K</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.00</td>
<td>$43.8K</td>
<td>3.2K</td>
<td>4.3K</td>
</tr>
<tr>
<td>RBLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$42.50</td>
<td>$25.2K</td>
<td>414</td>
<td>4.1K</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$29.50</td>
<td>$78.3K</td>
<td>147</td>
<td>3.7K</td>
</tr>
<tr>
<td>CMCSA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$87.5K</td>
<td>4.4K</td>
<td>2.5K</td>
</tr>
<tr>
<td>PARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$111.1K</td>
<td>19.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$165.00</td>
<td>$46.8K</td>
<td>37</td>
<td>1.8K</td>
</tr>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$43.00</td>
<td>$44.2K</td>
<td>13.5K</td>
<td>1.4K</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$93.00</td>
<td>$25.2K</td>
<td>1.0K</td>
<td>364</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 210 contract(s) at a $500.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $175.0 per contract. There were 4526 open contracts at this strike prior to today, and today 10302 contract(s) were bought and sold. 
• For GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on September 13, 2024. This event was a transfer of 637 contract(s) at a $157.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $34.3K, with a price of $54.0 per contract. There were 1110 open contracts at this strike prior to today, and today 5307 contract(s) were bought and sold. 
• Regarding SIRI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>), we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on December 20, 2024. Parties traded 1900 contract(s) at a $3.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $23.0 per contract. There were 3298 open contracts at this strike prior to today, and today 4351 contract(s) were bought and sold. 
• For RBLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 260 contract(s) at a $42.50 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $97.0 per contract. There were 414 open contracts at this strike prior to today, and today 4117 contract(s) were bought and sold. 
• Regarding ASTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on September 13, 2024. Parties traded 364 contract(s) at a $29.50 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $78.3K, with a price of $215.0 per contract. There were 147 open contracts at this strike prior to today, and today 3701 contract(s) were bought and sold. 
• Regarding CMCSA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), we observe a call option trade with bearish sentiment. It expires in 42 day(s) on October 18, 2024. Parties traded 2500 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $87.5K, with a price of $35.0 per contract. There were 4484 open contracts at this strike prior to today, and today 2555 contract(s) were bought and sold. 
• Regarding PARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), we observe a put option trade with bearish sentiment. It expires in 133 day(s) on January 17, 2025. Parties traded 1950 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $111.1K, with a price of $57.0 per contract. There were 19919 open contracts at this strike prior to today, and today 2015 contract(s) were bought and sold. 
• For TTWO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 13, 2024. This event was a transfer of 1800 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $26.0 per contract. There were 37 open contracts at this strike prior to today, and today 1818 contract(s) were bought and sold. 
• Regarding VZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), we observe a call option trade with bearish sentiment. It expires in 42 day(s) on October 18, 2024. Parties traded 1300 contract(s) at a $43.00 strike. The total cost received by the writing party (or parties) was $44.2K, with a price of $34.0 per contract. There were 13592 open contracts at this strike prior to today, and today 1441 contract(s) were bought and sold. 
• For DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we notice a call option trade that happens to be bearish, expiring in 28 day(s) on October 4, 2024. This event was a transfer of 300 contract(s) at a $93.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $84.0 per contract. There were 1041 open contracts at this strike prior to today, and today 364 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ASTS

GOOGL

RBLX

SIRI

TTWO

10 Communication Services Stocks Whale Activity In Today's Session

While the majority of the NFL teams have won a Super Bowl, there are some teams that haven't, or in some cases&nbsp;haven't even been, to the big game.
The Detroit Lions nearly erased their name from this list no National Football League team wants to be on. The Lions fell one game shy of reaching their first Super Bowl during the <a href="https://www.benzinga.com/general/sports-betting/24/01/36808676/detroit-lions-vs-san-francisco-49ers-why-sportsbooks-need-cinderella-man-detroit-lions-to-">2023 NFL season.</a>
Never Been to a Super Bowl:&nbsp;While 28 of the current 32 NFL teams have been to at least one Super Bowl, there are four teams that can't claim that honor: Cleveland Browns, Detroit Lions, Houston Texans and Jacksonville Jaguars.
The Jaguars and Texans are two of the newest teams in the league getting their start in the NFL in 1996 and 2002, respectively.
The Browns have been in the NFL for the majority of the Super Bowl era, from 1967 to 1995 and from 1999 to present. The team was relocated to Baltimore to become the Baltimore Ravens in 1995 and later was resurrected as a new team. Coincidentally, the Ravens went on to win Super Bowls in 2001 and 2013.
The Lions hold the unfortunate distinction of being the only team that has been operational every season since the Super Bowl began to never make it to the big game.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a>
Here's a look at the betting odds for the four teams to win Super Bowl LIX or at least reach the big game in the 2024 NFL season, with current odds from&nbsp;DraftKings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>).
Cleveland Browns:&nbsp;Reach Super Bowl LIX +2000, Win Super Bowl LIX +4000
Detroit Lions:&nbsp;Reach Super Bowl LIX +550, Win Super Bowl LIX +1200
Houston Texans:&nbsp;Reach Super Bowl LIX +850, Win Super Bowl LIX +1600
Jacksonville Jaguars:&nbsp;Reach Super Bowl LIX +2200, Win Super Bowl LIX +5000
The Lions have the fourth-best odds to win the Super Bowl for the 2024 season and the Texans have the seventh-best odds.
If history can be made more than once, there's a chance that it could be two of the four teams meeting in Super Bowl LIX. With the Lions the only NFC team to not reach a Super Bowl, here's a look at the potential payouts if the following pairs of teams reach Super Bowl LIX:
Lions/Texans: +6075
Lions/Brown: +13,550
Lions/Jaguars: +14,850
Never Won a Super Bowl:&nbsp;While the four teams above are hoping to make history and finally get to the big game, there are eight other current NFL teams that have been but never won a Super Bowl.
The Buffalo Bills and Minnesota Vikings have each been to four Super Bowls without winning a title, posting 0-4 records in the big game. The Cincinnati Bengals are 0-3 in Super Bowl history. Other teams have only been to the big game one time and never made it back.
Here's a look at the eight teams to never win a Super Bowl with their record in the big game and current sports betting odds to win Super Bowl LIX:
Cincinnati Bengals&nbsp;(0-3): +1300
Buffalo Bills&nbsp;(0-4): +1600
Atlanta Falcons&nbsp;(0-2): +3000
Los Angeles Chargers&nbsp;(0-1): +4500
Minnesota Vikings&nbsp;(0-4): +8000
Arizona Cardinals&nbsp;(0-1): +10,000
Tennessee Titans&nbsp;(0-1): +15,000
Carolina Panthers&nbsp;(0-2): +25,000
Several of the teams that have never won a Super Bowl rank among the favorites to start the season with the Bengals and Bills ranked fifth and eighth, respectively.
The Panthers are ranked second to last among teams for odds of winning Super Bowl LIX.
Super Bowl History: The Kansas City Chiefs are among the NFL teams to win multiple Super Bowls and won back-to-back NFL titles for the 2022 and 2023 seasons. The Chiefs go for history in 2024 trying to become the first NFL team to win three <a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-">back-to-back-to-back Super Bowls.</a>
The first Super Bowl was played in 1967 with the Green Bay Packers beating the Kansas City Chiefs 35-10. The Packers have been to five Super Bowls, winning four of them since 1967, with the Chiefs also winning four Super Bowls.
The first Super Bowl made history for many reasons, as it was one of several championship games to be played in the modern era that still included the AFL and NFL before a merger happened in 1970.
Super Bowl I was also the only Super Bowl to be aired on two television networks, NBC and CBS.
With media companies rotating coverage of the Super Bowl annually, Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) has the rights to air Super Bowl LIX in February 2025.
Comcast Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is among the key media rights partners for the NFL in 2024 and will kick things off with coverage of the <a href="https://www.benzinga.com/general/entertainment/24/09/40694176/nfl-week-1-betting-odds-national-tv-games-can-comcast-win-will-home-teams-have-the-spotligh">opening night game</a> between the Kansas City Chiefs and Baltimore Ravens on Thursday, Sept. 5. Comcast also has the rights to the Friday, Sept. 6 primetime game between the Philadelphia Eagles and Green Bay Packers and the Sunday Night Football game on Sept. 8 between the Detroit Lions and Los Angeles Rams.
Over the last 57 Super Bowls played, 20 of the current 32 teams in the NFL have won a title. Fifteen current NFL teams have won more than one Super Bowl.
The New England Patriots and Pittsburgh Steelers have the most Super Bowl wins with six each. The Patriots hold the record for Super Bowl appearances with 11.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a></li>
</ul>
Photo: Shutterstock

Which 4 Teams Have Never Reached The Super Bowl? Betting Payouts If History Is Made In 2024 NFL Season

Financial giants have made a conspicuous bearish move on Comcast. Our analysis of options history for Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) revealed 9 unusual trades.
Delving into the details, we found 11% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $253,580, and 4 were calls, valued at $432,385.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $42.5 for Comcast over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Comcast's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Comcast's substantial trades, within a strike price spectrum from $40.0 to $42.5 over the preceding 30 days.
<h3>Comcast 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725480948_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMCSA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.32</td>
<td>$1.28</td>
<td>$1.3</td>
<td>$42.50</td>
<td>$260.0K</td>
<td>20.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>CMCSA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$1.21</td>
<td>$1.17</td>
<td>$1.21</td>
<td>$40.00</td>
<td>$80.2K</td>
<td>296</td>
<td>1.5K</td>
</tr>
<tr>
<td>CMCSA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$1.24</td>
<td>$1.22</td>
<td>$1.22</td>
<td>$40.00</td>
<td>$63.8K</td>
<td>296</td>
<td>2.0K</td>
</tr>
<tr>
<td>CMCSA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.22</td>
<td>$1.18</td>
<td>$1.2</td>
<td>$42.50</td>
<td>$60.0K</td>
<td>20.9K</td>
<td>2.6K</td>
</tr>
<tr>
<td>CMCSA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.16</td>
<td>$1.14</td>
<td>$1.15</td>
<td>$42.50</td>
<td>$57.3K</td>
<td>20.9K</td>
<td>2.6K</td>
</tr>
</tbody>
</table>

<h3>About Comcast</h3>
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.
After a thorough review of the options trading surrounding Comcast, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Comcast</h3>
<ul>
<li>Currently trading with a volume of 23,752,413, the CMCSA's price is down by -2.1%, now at $38.67. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 50 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Comcast options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This Is What Whales Are Betting On Comcast

The 2024 National Football League season kicks off Thursday. Sept. 5 with a game featuring the Baltimore Ravens and the Kansas City Chiefs, which is hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the first week of the 2024 NFL season.
Week 1 Betting Odds: The Chiefs are picked as the betting favorite to win Super Bowl LIX as the<a href="https://www.benzinga.com/topic/nfl"> top NFL team </a>for the season. Before the NFL Playoffs kick off there is the regular season with each team playing 17 games, starting with all 32 teams in action for the first week.
Here are the Week 1 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
<ul>
<li>Baltimore Ravens at Kansas City Chiefs -3</li>
<li>Green Bay Packers at (in Brazil) Philadelphia Eagles -3</li>
<li>Arizona Cardinals at Buffalo Bills -6</li>
<li>Houston Texans -2.5 at Indianapolis Colts</li>
<li>Pittsburgh Steelers at Atlanta Falcons -3</li>
<li>Carolina Panthers at New Orleans Saints -4</li>
<li>Minnesota Vikings -1.5 at New York Giants</li>
<li>Tennessee Titans at Chicago Bears -4</li>
<li>New England Patriots at Cincinnati Bengals -8.5</li>
<li>Jacksonville Jaguars at Miami Dolphins -3</li>
<li>Denver Broncos at Seattle Seahawks -6</li>
<li>Las Vegas Raiders at Los Angeles Chargers -3</li>
<li>Dallas Cowboys at Cleveland Browns -2.5</li>
<li>Washington Commanders at Tampa Bay Buccaneers -3</li>
<li>Los Angeles Rams at Detroit Lions -3.5</li>
<li>New York Jets at San Francisco 49ers -4.5</li>
</ul>
A quick look at the betting odds shows that sportsbooks are putting a lot of love on the home teams, with only two away teams favored for the first week.
NFL fans and sports bettors might do well to remember the past two seasons when looking at the bias for home teams. In the 2023 season, 10 away teams won in the opening week with only six home teams securing the early win. In the 2022 season, 9 away teams won, with six home teams winning and one tie.
At DraftKings, some of the top favorites for bettors are the away Texans -2.5 with 73% of bets according to sports betting writer Ben Fawkes. The Dolphins -3.5, Eagles -2.5, Bengals -8.5 and Cowboys +2.5 are also getting plenty of action.
At BetMGM, which is a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, the Texans -2.5 are also the most bet team at 78% of bets. The Dolphins -3, Vikings -1.5 and Bengals -9 are the next most bet teams against the spread, according to BetMGM's John Ewing.
Read Also: <a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a>
Media Stocks on Watch: NFL games continue to rank among some of the most-watched television events of the year.
In 2023, 45 of the most watched primetime telecasts were NFL games, according to&nbsp;<a href="https://variety.com/2023/tv/news/most-watched-shows-2023-ncis-oscars-blue-bloods-super-bowl-yellowstone-1235854795/" target="_blank" rel="noreferrer noopener">Variety</a>. Outside of the Super Bowl and NFL playoffs, which ranked as the top five games, Comcast led with games ranked 6, 7, 8, 9 and 10.
There are multiple national television games for the first week of the NFL season listed below:
Thursday, Sept. 5, 8:20 p.m. ET: Ravens, Chiefs on NBC, a unit of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)
Friday, Sept. 6, 8:15 p.m. ET: Packers, Eagles on Peacock, a unit of Comcast
Sunday, Sept. 8: 8:20 p.m. ET: Rams, Lions on NBC, a unit of Comcast
Monday, Sept. 9: 8:15 p.m. ET: Jets, 49ers on ABC, ESPN, units of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
While coverage will vary by location, the Browns, Cowboys game is expected to get a strong national audience with the game marking NFL legend Tom Brady's Fox NFL regular season debut calling the game.
Comcast gets three of the four national primetime games for the first week, which could be a good opportunity for the company in the advertising department.
While they don't have any primetime games in the first week, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) could also benefit from a strong 2024 NFL season with their rights to Thursday Night Football games and two Christmas Day NFL games respectively.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo via Shutterstock.

Media

NFL Week 1 Betting Odds, National TV Games: Can Comcast Win? Will Home Teams Have The Spotlight?

In the dynamic and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) and its primary competitors in the Media industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Comcast Background</h3>
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Comcast Corp</td>
<td>10.70</td>
<td>1.87</td>
<td>1.34</td>
<td>4.74%</td>
<td>$9.74</td>
<td>$21.73</td>
<td>-2.71%</td>
</tr>
<tr>
<td>Charter Communications Inc</td>
<td>11.52</td>
<td>4</td>
<td>0.98</td>
<td>9.95%</td>
<td>$5.35</td>
<td>$5.51</td>
<td>0.19%</td>
</tr>
<tr>
<td>Cable One Inc</td>
<td>8.48</td>
<td>1.03</td>
<td>1.33</td>
<td>2.45%</td>
<td>$0.19</td>
<td>$0.29</td>
<td>-6.97%</td>
</tr>
<tr>
<td>Grupo Televisa SAB</td>
<td>0.11</td>
<td>0.18</td>
<td>0.29</td>
<td>-0.02%</td>
<td>$1.66</td>
<td>$5.21</td>
<td>-5.83%</td>
</tr>
<tr>
<td>Average</td>
<td>6.7</td>
<td>1.74</td>
<td>0.87</td>
<td>4.13%</td>
<td>$2.4</td>
<td>$3.67</td>
<td>-4.2%</td>
</tr>
</tbody>
</table>
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 </style>Through a thorough examination of Comcast, we can discern the following trends: 
<ul>
<li>
At 10.7, the stock's Price to Earnings ratio significantly exceeds the industry average by 1.6x, suggesting a premium valuation relative to industry peers.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 1.87 which exceeds the industry average by 1.07x.
</li>
<li>
With a relatively high Price to Sales ratio of 1.34, which is 1.54x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
The Return on Equity (ROE) of 4.74% is 0.61% above the industry average, highlighting efficient use of equity to generate profits.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $9.74 Billion is 4.06x above the industry average, highlighting stronger profitability and robust cash flow generation.
</li>
<li>
The company has higher gross profit of $21.73 Billion, which indicates 5.92x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
The company is experiencing remarkable revenue growth, with a rate of -2.71%, outperforming the industry average of -4.2%.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724857238_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio provides insights into the proportion of debt a company has in relation to its equity and asset value.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When evaluating Comcast alongside its top 4 peers in terms of the Debt-to-Equity ratio, the following insights arise:
<ul>
<li>
As Comcast is in the middle of the list in terms of the debt-to-equity ratio, it suggests that the company has a moderate debt-to-equity ratio of 1.18 compared to the other companies.
</li>
<li>
This position indicates a relatively balanced financial structure, where the company maintains a reasonable level of debt while also leveraging equity for financing its operations.
</li>
</ul>
<h3>Key Takeaways</h3>
For Comcast, the high PE, PB, and PS ratios indicate that the company is trading at a premium compared to its peers in the Media industry. This suggests that investors are willing to pay more for each unit of earnings, book value, and sales. On the other hand, the high ROE, EBITDA, gross profit, and revenue growth highlight Comcast's strong operational performance and growth potential relative to its industry counterparts. This indicates that the company is efficiently utilizing its resources and generating healthy profits and revenue growth.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Inquiry Into Comcast's Competitor Dynamics In Media Industry

Entrepreneurs spent the past six months working alongside a prestigious roster of partners, including NBC Sports, Premier League, NASCAR, and PGA TOUR to explore business opportunities
Founders will showcase their innovations starting today at the RALLY Innovation Conference
Comcast NBCUniversal SportsTech today announced that the 10 companies in its fourth class have secured 15 pilots, partnerships, and commercial deals as a result of their participation in the program. Over the past six months, 28 entrepreneurs have engaged with SportsTech's prestigious partner consortium, which includes: NBC Sports, NBC Sports Next, Sky Sports, Comcast Spectacor, GOLF, NASCAR, PGA TOUR, Premier League, U.S. Ski &amp; Snowboard, USA Swimming, USA Cycling – and the recently added partner the University of Notre Dame. This builds on SportsTech's legacy of connecting early-stage companies with some of the world's top sports brands: since the first class debuted in 2021, alumni have achieved 159 pilots, partnerships, and commercial deals with consortium partners.

Comcast NBCuniversal SportsTech Announces That The 10 Companies In Its Fourth Class Have Secured 15 Pilots, Partnerships, And Commercial Deals As A Result Of Their Participation In The Program

Comcast Plans To Expand Its Xfinity Network In Tulare County, California

Comcast's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NYSE">CMCSA</a>) short percent of float has fallen 4.58% since its last report. The company recently reported that it has 55.78 million shares sold short, which is 1.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Comcast Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724351424_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Comcast has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Comcast's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Comcast's peer group average for short interest as a percentage of float is 10.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Comcast's Recent Short Interest

Kendall Jenner, the globally recognized model and reality TV star, revealed a more private aspect of her life that had long remained out of <a href="https://www.benzinga.com/cannabis">the public eye. </a>
During a conversation on the podcast Sibling Rivalry with Kate and Oliver Hudson, Jenner admitted for the first time to being a regular marijuana user.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40355573/ice-cubes-new-cannabis-line-if-you-can-get-through-it-in-15-minutes-youre-strong">Ice Cube&#8217;s New Cannabis Line: &#8216;If You Can Get Through It In 15 Minutes, You&#8217;re Strong&#8217;</a>
The confession came during a light-hearted round of rapid-fire questions, where her sister, Kourtney Kardashian, was quick to name Kendall as the family member most likely to indulge in marijuana. 
When asked by Oliver who the &#8220;stoner&#8221; in the family might be, Kourtney didn&#8217;t hesitate: &#8220;Kendall.&#8221; 
To the surprise of many, Kendall didn&#8217;t disagree. Instead, she confirmed. &#8220;I am a stoner. No one knows that, so that's the first time I've ever really said anything out there.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cannabis/21/08/22471854/queen-b-beyonc-to-build-cannabis-farm-to-get-her-own-cbd">&#8216;Queen B:&#8217; Beyoncé To Build Cannabis Farm To Get Her Own CBD</a>
Despite her open admission, made in 2020, Kendall did not delve into the details of her marijuana use during the podcast, leaving much to the imagination. 
<h3 class="wp-block-heading">Kardashian-Jenner Clan&#8217;s Open Dialogue On Drug Use</h3>
This isn't the first time a member of the Kardashian-Jenner family has openly discussed substance use. Kim Kardashian, Kendall&#8217;s half-sister, has previously spoken about her own experiences with drugs during pivotal moments in her life. 
In a 2018 episode of Comcast Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)&nbsp;&#8220;Keeping Up with the Kardashians,&#8221; Kim revealed that she was under the influence of ecstasy during both her first marriage to music producer Damon Thomas in 2000 and the filming of her infamous sex tape with Ray J in 2003.
&#8220;I got married on ecstasy. The first time. I did ecstasy once and I got married. I did it again, I made a sex tape. Like, everything bad would happen,&#8221; Kim revealed.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40219228/jack-black-on-psychedelics-whole-for-the-first-time-at-age-13-but-then-locked-in-an-insane-brain">Jack Black On Psychedelics: &#8216;Whole For The First Time&#8217; At Age 13, But Then &#8216;Locked In An Insane Brain Prison&#8217;</a></li>
</ul>
Photo: Wikipedia

Cannabis

Psychedelics

Kendall Jenner Talks Marijuana Use: 'No One Knows That, But I Am a Stoner'

The temporary halt of a sports streaming joint venture from The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) is a big win for FuboTv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>), but <a href="https://www.benzinga.com/news/legal/24/08/40425445/federal-judge-blocks-disney-fox-warner-bros-sports-venture-after-fubotv-antitrust-lawsuit">the battle continues</a>, an analyst said Monday.
The Fubo Analysts: The streaming company engaged in a battle and claimed <a href="https://www.benzinga.com/news/24/08/40440275/why-fubotv-stock-is-trading-higher">an early victory</a>, Needham analyst Laura Martin said.
"We estimate this injunction has a 75% chance of killing Venu, (good for FUBO), because: 1. It will now miss the NFL season; 2. Courts may believe that ‘big is bad' so no JV between these 3 large companies can get approved," Martin said.
The analyst, who has a Buy rating on Fubo with a $2 price target, said Warner Bros. Discovery losing the NBA rights after the 2024-2025 season makes the company the weaker partner and suggests Fox and Disney could try to team up as a duo.
"If they think they can get approval, despite their large size, NBC (with its 11-year NBA rights) would be a better partner than WBD," the analyst said of the Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) owned media network.
Martin said Disney may also launch its ESPN DTC app in the second half of 2025 and abandon a skinny bundle sports joint venture.
"We see FUBO as an inexpensive way for public investors to participate in the US consumer shift toward OTT and Streaming TV."
Wedbush analyst Michael Pachter said the injunction shows the court will entertain the argument from Fubo laid out in the February lawsuit.
The analyst, who had a Buy rating on Fubo with a $5 price target in early August, said Venu is now tasked with proving their platform will not be anti-competitive.
"It's impossible to know how long the injunction will last, most likely a few months until Venu can make its case before the court," Pachter said. "This provides breathing room, to be sure, but it is far from a final decision."
The analyst said Fubo "is going to survive and thrive" if it can show subscribers want a sports bundle at a "competitive price."
"I think it's clear that consumer want a ‘skinny bundle' and that many millions of those will ultimately miss sports content, so Fubo is well positioned to attract them."
Pachter said the judge's ruling is a big if it is carried through, but only serves as a "temporary win if it does not."
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39650933/fubotv-to-bear-the-brunt-of-higher-legal-costs-against-espn-analysts-view">FuboTV To Bear The Brunt Of Higher Legal Costs Against ESPN &#8211; Analyst&#8217;s View</a>
What Fubo Is Saying: Fubo CEO and co-founder David Gandler took to social media platform X to share his thoughts on the judge's ruling and praise investors and Fubo fans that are supporting the company.
"Today we saved the industry," Gandler <a href="https://x.com/davidgandler/status/1824538974343532833">tweeted</a>.
Gandler <a href="https://x.com/davidgandler/status/1824534742806790164">called </a>the judge's ruling "a monumental victory" for the company, for the media industry and for American consumers.
"My commitment to World Domination is unwavering. I've never stopped believing or working towards the vision."
Gandler <a href="https://x.com/davidgandler/status/1824857896405942461">called </a>the ruling "a good days for the good guys indeed."
The Fubo CEO also highlighted the <a href="https://www.benzinga.com/news/earnings/24/05/38615127/fubotv-gaining-popularity-north-america-high-growth-in-paid-subscribers-show">company's financial growth</a> in a <a href="https://x.com/davidgandler/status/1824855733512339594">tweet</a>.
"FUBO has consistently demonstrated its commitment to high-quality execution, delivering double-digit growth quarter after quarter, YoY, while also improving profitability KPIs, strengthening its balance sheet, &amp; defeating a triumvirate of Goliaths in court. Where's the love?"
What's Next: Fubo said it plans to proceed with a broad lawsuit against the JV partners with accusations of anti-competitive behavior that hurts Fubo's sports-first streaming model.
The court has not announced a date for the next step in the battle of Fubo vs. Venu. The joint venture partners said they disagree with the judge's ruling and plan to appeal. A lengthy battle could be coming, but as mentioned by Martin above, the halt ahead of the key NCAA Football and NFL seasons could hurt the strength of the Venu platform.
FUBO Price Action: Fubo shares are up 31% to $2 on Monday versus a 52-week trading range of $1.10 to $3.82. Fubo stock is down 37% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/07/39733479/nba-fans-rejoice-new-76b-deal-from-espn-amazon-nbc-will-bring-games-seven-days-a-week">NBA Fans Rejoice: New $76B Deal From ESPN, Amazon, NBC Will Bring Games 7 Days A Week</a></li>
</ul>
Image: Shutterstock

Analyst Color

Price Target

Reiteration

Analyst Ratings

FUBO

'We Saved The Industry,' FuboTV CEO Says After Judge Halts Sports JV: Analyst Expects Injunction Will Kill Venu

The 2024 Summer Olympics in Paris were watched by more than 30 million viewers in the U.S., marking an increase from <a href="https://www.benzinga.com/general/entertainment/24/08/40341238/comcast-stock-to-win-gold-medal-2024-summer-olympics-viewership-up-82-from-2020-olympics">the 2020 Summer Olympics in Tokyo.</a>
A poll of Benzinga readers shows that investors might not be as interested in the sporting spectacle as other fans around the world were.
What Happened: Media company Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) received a boost in viewership for the <a href="https://www.benzinga.com/topic/olympics">2024 Summer Olympics</a> and may also realize a boost in subscribers for its Peacock streaming platform thanks to the Olympics.
Benzinga readers were asked about how much of the 2024 Summer Olympics they watched and the results could come as a surprise based on the 30.6 million U.S. viewers figure Comcast recently reported.
The results were:
<ul>
<li>Yes, watched several events: 39%</li>
<li>Yes, watched extensively: 10%</li>
<li>No, didn't watch at all: 51%</li>
</ul>
For those who did watch the 2024 Summer Olympics, a few athletes stood out for their performance.
"Which athlete was the most compelling to watch at the 2024 Summer Olympics?" Benzinga asked.
The results were:
<ul>
<li>Simone Biles: 38%</li>
<li>Caleb Dressel: 7%</li>
<li>Noah Lyles: 5%</li>
<li>Stephen Curry: 21%</li>
<li>Other: 29%</li>
</ul>
Biles <a href="https://www.benzinga.com/general/social-media/24/08/40174736/trump-vp-pick-j-d-vance-criticized-simone-biles-in-2020-for-her-weakest-moments-being-celebr">won three gold medals</a> and one silver at the 2024 Olympics, adding to her totals from past Olympics and breaking several records for American gymnasts along the way.
Curry competed in his first Olympic games and helped Team USA Basketball win a gold medal and go undefeated in Paris.
Dressel won two golds and one silver medal, with his two golds coming from swimming relays. The swimmer underperformed in several of his top events.
Lyles won the gold in the 100 meters becoming the fastest man in the world, while winning a bronze medal in the 200 meters.
Here are some of the names listed for the Other option:
<ul>
<li>Imane Khelif: Algerian boxer, gold medalist, subject of controversy and<a href="https://www.benzinga.com/news/24/08/40361043/elon-musk-among-those-accused-of-cyberbullying-olympic-champion-imane-khelif-trump-reportedly-to-be"> filed a cyberbullying lawsuit</a> against Elon Musk and J.K. Rowling</li>
<li>Cole Hockey: American runner who won the 1500 meter event in a big upset</li>
<li>Neeraj Chopra: Indian athlete won silver in the Javelin throw</li>
<li>Novak Djokovic: Tennis star added a gold medal for Serbia to his list of accomplishments, marking his first Olympic gold</li>
<li>Sydney McLaughlin Levrone: American track star won two gold medals for the 400-meter hurdles and 4x400m relay, setting a new world record in her signature hurdles event</li>
<li>Aleksandra Miroslaw: Polish speed climber won a gold medal and broke her own world record</li>
<li>Carlos Yulo: Gymnast from Philippines won two gold medals for floor exercise and vault</li>
</ul>
Read Also: <a href="https://www.benzinga.com/general/restaurants/24/08/40353932/steph-curry-breaks-french-hearts-at-2024-summer-olympics-mcdonalds-jokes-about-retaliation-mo">Steph Curry Breaks French Hearts At 2024 Summer Olympics, McDonald&#8217;s Jokes About Retaliation Move In Host Country</a>
Why It's Important: Comcast provided over 7,000 hours of coverage across its NBC network and streaming platforms during the Summer Olympics. A total of 23.5 billion minutes of Olympics coverage were streamed during the games.
Benzinga readers shared the ways that they watched the weeks of Olympics coverage from Comcast.
How did you prefer to watch the 2024 Summer Olympics?" Benzinga asked.
Live broadcast on TV: 35%
Streaming online at my convenience: 18%
Highlights and recaps on social media: 15%
Avoided all Olympic coverage: 32%
All-time streaming records for the Olympics were shattered with Peacock streaming all medal events and providing tons of coverage options for viewers like multiview and Gold Zone.
Based on the results of the survey, viewers preferred to watch live events either on TV or streaming, which could provide a mixed benefit to Peacock subscriber figures.
The next quarterly report from Comcast will be a key event for the media company as it will include the impact of the 2024 Summer Olympics.
The study was conducted by Benzinga on Aug. 12 and Aug. 13, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 116 adults.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/24/07/39999972/how-much-are-physical-2024-olympic-gold-medal-silver-medal-and-bronze-medals-worth-the-answer-m">How Much Are Physical 2024 Olympic Gold Medal, Silver Medal And Bronze Medals Worth? The Answer Might Surprise You</a></li>
</ul>
Photos: Shutterstock

Exclusives

Simone Biles, Steph Curry Most Compelling 2024 Summer Olympics Athletes Benzinga Readers Say: 51% Of Readers Didn't Watch Any Sporting Events

Rogers Communication (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rci#NYSE">RCI</a>) and SenseNet have announced a new initiative to enhance wildfire detection in Canada, focusing on 10 communities to improve safety for both residents and first responders. SenseNet will deploy its AI-driven solutions across Alberta and British Columbia, starting with the implementation of these systems in various communities.
Leveraging RCI&#39;s robust 5G network, SenseNet&#39;s technology will utilize sophisticated gas sensors, smoke detection cameras and AI algorithms to offer precise and timely alerts for wildfire incidents.
The first phase of this deployment will target Sparwood and Willowvale in British Columbia, along with Christina Lake, Grand Prairie, Jasper, Marmot Mountain, Peerless Lake, Pelican Mountain, Wabasca-Desmarais and Wood Buffalo in Alberta, with installation expected to be completed by early spring.
In addition to this partnership, Rogers Communication is collaborating with the University of British Columbia and BC Wildfire Service to monitor wildfire conditions using 5G sensors. The company has already installed 5G-powered Pano AI cameras on wireless towers in Kelowna and Prince George.
<div class="chart_embed">
<h3>Rogers Communication, Inc. Price and Consensus</h3>
<img alt="Rogers Communication, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/f9/1723636213.png" style="height:285px; width:620px" title="" />
Rogers Communication, Inc. price-consensus-chart | Rogers Communication, Inc. Quote
</div>
<h3>RCI&#39;s Other Partnerships to Aid Subscriber Growth</h3>
RCI has entered into some notable partnerships with Comcast (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>), Disney (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) and Warner Bros. Discovery (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>), which are expected to aid subscriber growth in the upcoming quarters.
The Zacks Consensus Estimate for RCI&#39;s 2024 wireless total postpaid subscribers is pegged at 11.12 million, indicating year-over-year growth of 5.9%. The consensus estimate for wireless total prepaid subscribers is pegged at 1.152 million, indicating year-over-year growth of 3.7%.
Starting in September 2024, Rogers Communication will introduce NBCUniversal&#39;s Bravo channel in Canada, becoming the exclusive English-language rights holder for the network&#39;s unscripted programming, including new seasons of Bravo&#39;s popular franchise series.
RCI will also become the exclusive Canadian home for Warner Bros. Discovery&#39;s English-language lifestyle and factual brands, such as HGTV and The Food Network. This partnership aims to deliver a diverse range of the U.S. lifestyle content to Canadian audiences through Rogers Communication&#39;s platforms and distribution partners, ensuring the wide availability of these popular channels.
Additionally, Rogers Communication has partnered with Disney Entertainment to offer the ad-supported version of Disney+ at no extra cost to Rogers TV customers. This integration enhances RCI&#39;s entertainment packages by including Disney+ content, which features movies and shows from Disney, Pixar, Marvel, Star Wars and National Geographic, along with exclusive originals. This partnership reflects the company&#39;s commitment to delivering greater value and a seamless viewing experience to its customers.
<h3>Conclusion</h3>
Shares of this Zacks Rank #3 (Hold) company have plunged 15.3% year to date compared with the Zacks Computer and Technology sector&#39;s decline of 6.2%. This underperformance can be attributed to intense wireless competition from TELUS, BCE and other small regional carriers.
RCI has a strong partner base but faces headwinds from softness in the advertising market. To remain competitive, the company needs to invest heavily in new TV programs and TV channels. This may result in considerable cash drain from Rogers Communication&#39;s balance sheet.
The Zacks Consensus Estimate for RCI&#39;s third-quarter 2024 earnings per share is pegged at $1.03, which has remained unchanged in the past 60 days. The consensus mark for 2024 earnings is pegged at $3.58 per share, which has decreased 8 cents in the past 60 days.
<a href="https://www.zacks.com/stock/news/2322172/rogers-communication-rci-sensenet-tie-up-for-new-technology?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2322172">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Tech

General

Rogers Communication, SenseNet Tie Up for New Technology

Media giant Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) enjoyed a viewership boost thanks to having exclusive broadcasting rights to <a href="https://www.benzinga.com/general/sports-betting/24/07/39989579/6-stocks-going-for-gold-during-2024-summer-olympics-biggest-event-in-company-history">2024 Summer Olympics</a>. 
What Happened: A total of 30.6 million U.S. viewers tuned into <a href="https://www.benzinga.com/topic/olympics">2024 Summer Olympics</a> coverage in Paris, aired across Comcast&#8217;s NBC, NBCU and Peacock. That&#8217;s up 82% from the 2020 Summer Olympics.
In total, Comcast <a href="https://www.nbcuniversal.com/article/nbcuniversals-presentation-spectacular-paris-olympics-dominates-media-landscape-across-all-platforms#:~:text=A">aired </a>over 7,000 hours of coverage and 329 events across its NBC network and streaming platforms during the Summer Olympics.
A total of 23.5 billion minutes of Olympics coverage were streamed during the games, up 40% from all prior Summer and Winter Olympics combined. 
The company's daytime and nighttime "prime" coverage had a streaming total audience delivery of 4.1 million viewers daily across Peacock and NBCU digital platforms.
Comcast's USA Network also benefitted. The cable channel ranked as the number one cable sports and entertainment network during the 2024 Summer Olympics for total day and prime-time viewership.
"Our NBCUniversal team matched the occasion of this transformative Paris Olympics, presenting peerless coverage in daytime and primetime across all platforms, including the NBC broadcast network, which once again was home to the most-watched night of television for 17 consecutive days," NBCUniversal Media Group Chairman Mark Lazarus said.
Read Also: <a href="https://www.benzinga.com/general/education/24/07/39999972/how-much-are-physical-2024-olympic-gold-medal-silver-medal-and-bronze-medals-worth-the-answer-m">How Much Are Physical 2024 Olympic Gold Medal, Silver Medal And Bronze Medals Worth? The Answer Might Surprise You</a>
Why It's Important: The Summer Olympics coverage has helped boost NBC's broadcast reach during the 2023-2024 season, where it ranks number one for Adults 18-49. The company said NBC is on pace to win the key demographic during the season, which ends in September.
Lazarus called the 2024 Summer Olympics a "groundbreaking moment for Peacock" and said that all-time Olympics streaming records were shattered. Comcast even had the most-watched Opening Ceremony since the 2012 Olympics.
Comcast offered new viewing options for Peacock subscribers during the games including multiview and Gold Zone. The company said that Gold Zone was one of the top five most-watched Olympics titles and helped boost overall viewership.
The company also &#8220;sold more advertising for the Paris Olympics than for any other Games,&#8221; Lazarus said, citing how the so-called &#8220;halo effect&#8221; helped Comcast&#8217;s other businesses.
Whether Peacock saw a big bump in subscribers and if they retain subscribers now that the Olympics are over remains to be seen. 
Comcast said its Olympics coverage had greater attention to ads by viewers and higher search engagement for advertisers. The company also said it saw the highest advertising revenue from an Olympics in company history with more advertisers than the last two Summer Olympics combined.
The strong viewership and advertising results for Comcast could also jolt third quarter financials.
Comcast also had several blockbuster movies that could help the third-quarter results and subsequent quarters as titles become available to stream on Peacock.
"Despicable Me 4" was <a href="https://www.benzinga.com/general/entertainment/24/07/39670721/comcast-hits-big-with-despicable-me-4-can-stocks-movie-theaters-benefit-from-2024-blockbust">released in July</a> and is the third highest-grossing film domestically in 2024 with $330.1 million. The film has grossed over $800 million worldwide. Comcast also released "Twisters" on July 19, which ranks fifth domestically with $222.3 million. The film's $88.0 million international box office figure was lower than most titles.
With the two new films and the previously released "Kung Fu Panda 4," Comcast now has three of the top 10 <a href="https://www.boxofficemojo.com/year/2024/?ref_=bo_yl_table_1">grossing </a>films domestically in 2024.
CMCSA Price Action: Comcast shares trade at $38.67 versus a 52-week trading range of $36.43 to $47.46. Comcast stock is down 12% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/07/39973454/do-summer-olympics-and-gold-medals-matter-to-the-stock-market-the-results-may-surprise-you">Do Summer Olympics (And Gold Medals) Matter To The Stock Market? The Results May Surprise You</a></li>
</ul>

Comcast Stock To Win Gold Medal? 2024 Summer Olympics Viewership Up 82% From 2020 Olympics

Comcast (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this cable provider have returned +4.2%, compared to the Zacks S&amp;P 500 composite&#39;s -4.5% change. During this period, the Zacks Cable Television industry, which Comcast falls in, has gained 10.6%. The key question now is: What could be the stock&#39;s future direction?
Although media reports or rumors about a significant change in a company&#39;s business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
<h2>Revisions to Earnings Estimates</h2>
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Comcast is expected to post earnings of $1.06 per share for the current quarter, representing a year-over-year change of -1.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -7.2%.
The consensus earnings estimate of $4.23 for the current fiscal year indicates a year-over-year change of +6.3%. This estimate has changed +0.5% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $4.49 indicates a change of +6.1% from what Comcast is expected to report a year ago. Over the past month, the estimate has changed +0.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock&#39;s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Comcast is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
<h2>12 Month EPS</h2>
<h2>Projected Revenue Growth</h2>
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
In the case of Comcast, the consensus sales estimate of $31.7 billion for the current quarter points to a year-over-year change of +5.3%. The $123.02 billion and $122.7 billion estimates for the current and next fiscal years indicate changes of +1.2% and -0.3%, respectively.
<h2>Last Reported Results and Surprise History</h2>
Comcast reported revenues of $29.69 billion in the last reported quarter, representing a year-over-year change of -2.7%. EPS of $1.21 for the same period compares with $1.13 a year ago.
Compared to the Zacks Consensus Estimate of $30.07 billion, the reported revenues represent a surprise of -1.26%. The EPS surprise was +9.01%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
<h2>Valuation</h2>
Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Comcast is graded A on this front, indicating that it is trading at a discount to its peers.
<h2>Bottom Line</h2>
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Comcast. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2319858/investors-heavily-search-comcast-corporation-cmcsa-here-is-what-you-need-to-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2319858">To read this article on Zacks.com click here.</a>

Investors Heavily Search Comcast Corporation: Here is What You Need to Know

Former President Donald Trump and Vice President Kamala Harris will take part in a presidential debate Sept. 10, less than two months before <a href="https://www.benzinga.com/topic/2024-election">the 2024 election.</a>
Here are the details.
What Happened: A battle over when and where Trump and Harris will <a href="https://www.benzinga.com/general/politics/24/08/40170953/trump-vs-harris-presidential-debate-dilemma-solved-media-outlet-pitches-alternative-that-would-s">hold presidential debates</a> is getting closer to being hashed out.
Trump and Harris have agreed to a Sept. 10 presidential debate hosted by ABC, which is owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>). ABC and the date of Sept. 10 were originally agreed upon when Trump was facing President Joe Biden in the 2024 election. 
Trump recently suggested the debate was cancelled since Biden dropped out of the race. Trump also cited ongoing litigation against the media network as the debate host being biased against him.
Trump said he will participate in up to three debates against Harris, as <a href="https://apnews.com/live/trump-harris-vp-pick-election-updates?taid=66b51693b517d700014f7294&amp;utm_campaign=TrueAnthem&amp;utm_medium=AP&amp;utm_source=Twitter">reported </a>by the Associated Press. The former president said ABC is one along with debates hosted by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) and Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) unit NBC.
All three proposed debates would take place in September according to the report with Harris' campaign not yet confirming her participation in the Fox or NBC hosted events. Fox <a href="https://www.benzinga.com/general/politics/24/07/39967679/trump-vs-harris-fox-news-proposes-another-2024-presidential-debate-how-media-company-could-be-bi">previously proposed a date</a> of Sept. 17 for a debate.
Details have not emerged on what Trump and Harris have agreed on for the debate, with Trump likely pushing for a live studio audience, after this was not part of the original agreement between himself and Biden.
ABC is expected to simulcast the debate, allowing other media networks to air their stream with watermarks, similar to what CNN did with the first 2024 presidential debate.
Did You Know? Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent080824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a>
Why It's Important: The first 2024 debate was watched by 47.9 million people and set records for Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), which owns CNN. The debate also marked one of the turning points of the election as it led to calls for Biden to step down after a poor performance.
While the first debate set records for CNN, it had lower viewership than the first presidential debates of 2016 and 2020.
Harris recently pushed back&nbsp;<a href="https://www.benzinga.com/news/24/07/40055967/kamala-harris-hopes-trump-will-meet-her-on-the-debate-stage-if-youve-got-something-to-say-say-it-to" target="_blank" rel="noreferrer noopener">against Trump&#8217;s claim</a>&nbsp;that he is willing to debate &#8220;any time, any place&#8221; in her recent comments about the presidential debates.
&#8220;Donald, I do hope you&#8217;ll reconsider meeting me on the debate stage,&#8221; Harris recently said. &#8220;If you&#8217;ve got something to say, say it to my face.&#8221;
With the 2024 election less than three months away, voters may be excited about the notion of Trump and Harris facing off head-to-head in a debate for the first time.
Viewership for a debate between Harris and Trump could come in higher than the first debate as the two candidates remain close in election polls and voters are eager to see them take each other on while on stage.
Check This Out:
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Trump Vs. Harris: 2024 Presidential Election Candidates Agree To Sept. 10 Debate, Could More Faceoffs Be On The Horizon?

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As part of an ongoing series, we will take a closer look at one of the stocks from our stock screeners and briefly review why it's a ‘buy' based on key fundamentals. One such stock is Comcast Corporation.

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Press Releases

Fourth Class of Comcast NBCUniversal SportsTech Secures 15 Business Deals with Consortium Partners

United Way of Greater Philadelphia and Southern New Jersey Launches Center for Leadership Equity

Comcast Names Barry French Senior Vice President of External Affairs

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Comcast to Expand Fiber Broadband Services Across Northern California

Comcast Launches New Free Streaming App The Network on Its Entertainment Platforms in Partnership With Actor/Entrepreneur/Activist John Leguizamo

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