Comcast

Comcast becomes the first internet service provider to offer a product designed to maintain connectivity when a storm hits, trees are down, or a customer experiences a local outage, with the launch of Storm-Ready WiFi. With severe weather impacting many parts of the country, there has never been a greater need for a back-up connectivity solution.

Comcast reported results for the second-quarter (Q2) ended June 30, 2023.

Comcast reported results for the quarter ended March 31, 2023. The company reported that its domestic broadband average rate per customer increased by 4.5%, driving domestic broadband revenue growth of 4.8% to $6.3 billion. Total domestic broadband customer net additions were 5,000, total domestic wireless line net additions were 355,000, and total domestic video customer net losses were 614,000. Residential connectivity revenue increased, driven by domestic broadband, domestic wireless, and international connectivity revenue growth.

Comcast’s new Pacific Northwest Region is investing $280 million in 2023 to offer multi-gigabit Internet speeds to more than four million locations, expand broadband and video services to more than 60,000 additional homes and businesses, and provide donations and in-kind services to communities throughout Oregon and Washington. The investment will significantly expand and evolve the availability of the Xfinity 10G Network across the Pacific Northwest in 2023.

Comcast reported results for the quarter and year that ended December 31, 2022. Highlights in Comcast's broadband developments include the following:

According to Comcast's 3rd quarter 2022 report results, Comcast delivered solid growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted earnings per share (EPS), generated significant free cash flow, invested in the businesses’ future, and returned a record amount of capital to our shareholders. In cable, the company grew adjusted EBITDA by more than 5% and achieved its highest adjusted EBITDA margin on record despite a challenging competitive environment. Additionally, Comcast experienced the following highlights in broadband:

Comcast is boosting internet speeds for more than 20 million of its Xfinity broadband customers, doubling the download rate on one of its lower tier plans and increasing the speed by 33% on two others. All told, it is bumping up speeds on five service tiers across its territories. Users on Comcast’s Performance/Connect More plan (the name varies by region) will see the biggest jump, with their download rate doubling from 100 Mbps to 200 Mbps. Speeds on the base Performance Starter/Connect plan are getting a 50% increase from 50 Mbps to 75 Mbps.