7 Best Streaming and TV Stocks To Invest In

4. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fun Holders: 61

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. The firm operates with two primary businesses, Content & Experiences and Connectivity & Platforms. While the firm produces, distributes, and streams leading entertainment, sports, and news through its known brands, it also delivers world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky.

Comcast Corporation (NASDAQ:CMCSA) is a scaled leader with top brands in very large and profitable markets. It has the most beloved brands and networks in the media industry and brings its expansive portfolio of content to viewers worldwide. In TV and streaming, the firm has NBC, Telemundo, Peacock, NBC Sports, Sky Sports, and NBC Olympics to offer. NBCUniversal reaches more than 100 million US households, almost 80% of the population every quarter with its content.

For the second quarter, Comcast expanded its adjusted EBITDA margin across Connectivity & Platforms to a record-high 41.9%. Adjusted EBITDA for Content & Experiences decreased due to declines in Theme Parks and Studios, partially offset by growth at Media. Media Adjusted EBITDA increased 9.0% to $1.4 billion as a result of Peacock delivering the best year-over-year improvement in adjusted EBITDA for any quarter since its launch in 2020. Peacock Revenue increased 28% to $1.0 billion.

In conclusion, Comcast Corporation (NASDAQ:CMCSA) has a scaled and strong domestic network as a major differentiator in addition to its robust businesses. As of Q2, the stock is held by 61 hedge funds.