12 Best Broadcasting Stocks to Buy Right Now

1. Comcast Corp. (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 72

Comcast Corp. (NASDAQ:CMCSA) is a global media and technology company that operates across various segments, which include residential and business connectivity, media (television and streaming), film and television studios, and theme parks. Some of its key brands include Xfinity, NBCUniversal, Peacock, and Universal Parks & Resorts.

The company’s broadcasting segment, primarily under the Media umbrella, saw growth in Q3 2024 with the total media revenue increasing 37% year-over-year. This generated an amount of $8.2 billion, which was driven by the Paris Olympics. This event alone generated a record $1.9 billion in revenue, with Peacock contributing over $300 million of that. Excluding the Olympics, media revenue still increased 5% due to the 82% growth in Peacock revenue. To was fueled by subscriber additions and content strength.

It expects continued revenue and profit growth in the media segment, with Peacock as the primary driver. On January 23, Comcast Corp. (NASDAQ:CMCSA) launched “Sports & News TV,” which is a new $70/month streaming video package for its Xfinity internet customers. This package includes local broadcast channels, major news channels, and access to live sports. This aims to attract streaming customers and address the ongoing shift away from traditional cable.

While we acknowledge the growth potential of Comcast Corp. (NASDAQ:CMCSA), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CMCSA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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