Walt Disney Co (NYSE:DIS, ETR:WDP) has completed its acquisition of Hulu, paying Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2) an additional $438.7 million to secure the remaining 33% stake in the streaming service. The deal gives Disney 100% ownership, paving the way for deeper integration with Disney+ and ESPN's upcoming direct-to-consumer platform, chief executive Bob Iger said.
Disney has agreed to pay Comcast $438.7 million to acquire Comcast's stake in streaming service Hulu. In 2023 Disney said it would buy Comcast's remaining stake in Hulu to take full ownership of the streaming service.
Zacks.com users have recently been watching Comcast (CMCSA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The liberation day market selloff has been entirely recovered during the month of May. Since inception, my watchlist has a CAGR of 14.81%, performing in-line with SPY and VYM, while providing a superior dividend yield. The June 2025 watchlist includes 10 stocks with an average forward dividend yield of 3.62% and an expected return of 13.63%.
Comcast remains a 'strong buy' due to its undervalued stock price and long-term growth potential, despite recent revenue declines in legacy segments. The Connectivity & Platforms business, especially domestic wireless and broadband, is driving growth, offsetting declines in video and voice revenue. Management is proactively addressing challenges with initiatives like Project Genesis, network upgrades, and a five-year price guarantee to retain customers.
Comcast (CMCSA) closed the most recent trading day at $34.63, moving -0.92% from the previous trading session.
Comcast Corporation (NASDAQ:CMCSA ) MoffettNathanson 2025 Media, Internet & Communications Conference May 15, 2025 8:50 AM ET Company Participants Jason Armstrong - Chief Financial Officer Conference Call Participants Craig Moffett - MoffettNathanson Craig Moffett Good morning everybody and thank you for joining us for today's session with Comcast and for the Moffett-Nathanson Media, Internet, and Communications Conference, our 12th. Jason, thank you for being here.
Media giants' annual pitch to advertisers kicks off in the Upfronts this week, and discussions are clouded by economic uncertainty. Media ad chiefs say chief marketing officers across industries are making contingency plans in light of the trade war.
Recently, Zacks.com users have been paying close attention to Comcast (CMCSA). This makes it worthwhile to examine what the stock has in store.
At Sony Production studios in Culver City, an area of Los Angeles steeped in the movie business, a steady stream of cars and lorries comes and goes through the security gate.
Comcast faces challenges from declining cable subscriptions and fierce competition but sees growth potential in wireless, streaming, and theme parks. Despite broadband customer losses, Comcast's wireless segment and business telecom show promising growth, with significant expansion opportunities. Comcast's diversified portfolio, including NBCUniversal and theme parks, provides strong growth engines, though streaming service Peacock remains loss-making.
Comcast's stock is showing signs of a bullish reversal despite a six-month downtrend, with technical indicators suggesting a potential bottom and near-term recovery. Recent earnings were mixed, with a slight revenue decline but strong operating cash flows and improved EPS, indicating business resilience. The stock appears undervalued, with a P/CFO ratio at three-year lows, suggesting investors are overly pessimistic despite robust fundamentals.