5 Biggest Broadcasting Companies in the World

2. Comcast Corporation (NASDAQ:CMCSA)

Market Cap: $135.71 billion

Incorporated in 2001, Comcast Corporation (NASDAQ:CMCSA) is a global media and technology conglomerate comprising three major businesses: Comcast Cable, NBCUniversal, and Sky. The company acquired NBC Universal and Sky to broaden its broadcast network. The company offers a wide range of entertainment, news and information, sports, and other content, as well as communication products and services. The organization caters to small and medium-sized businesses, as well as residential and commercial clients, and has a presence in the United States, Europe, and other places.

Comcast Corporation (NASDAQ:CMCSA)’s sales during 2021 stood at $116.3 billion, up 12.3% from $103.5 billion in 2020.

ClearBridge Investments made the following comment about Comcast Corporation (NASDAQ:CMCSA) in its Q3 2022 investor letter:

The Strategy was not completely insulated to macro headwinds and some companies saw tough comparisons after strong pull forwards in demand during the COVID-19 pandemic. Media companies including Comcast Corporation (NASDAQ:CMCSA) were hurt by both factors in the quarter.

After extremely strong broadband growth during the early days of the pandemic, Comcast is now experiencing slowing to negative growth in its broadband business due to new competition and less consumer moving activity along with headwinds on the programming side, where advertising budgets have been more stressed.