Comcast Raises Prices Across the Board: How Much More Will You Shell Out Monthly?
Portfolio Pulse from Anusuya Lahiri
Comcast Corp (NASDAQ:CMCSA) is increasing prices for its cable TV, internet, and phone services. TV packages will cost about $6 more per month, while Broadcast TV and Regional Sports fees will increase by $4 and $1 respectively. Premium channel bundles will also see a $2 to $4 hike. Peacock, owned by Comcast's NBCUniversal, has reached 30 million subscribers with an ARPU of $10. Internet services will rise by an average of $4, and telephone services by $5 monthly. The total bill for a customer with TV, internet, and phone services could go up by $20 monthly. These changes are set to take effect on December 18, 2023. The price hike is attributed to the rising costs of content from cable networks. CMCSA's stock was up 0.56% at $41.85.
December 06, 2023 | 7:10 pm
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NEUTRAL IMPACT
Comcast is raising prices for various services, which could lead to higher revenues but also potential customer dissatisfaction. Peacock's growth to 30 million subscribers with a $10 ARPU is a positive indicator for Comcast's streaming segment.
The price increase could lead to short-term revenue growth for Comcast, which might be viewed positively by investors. However, there is a risk of customer dissatisfaction and churn, which could offset some of the potential financial benefits. The growth of Peacock is a positive development, but it's unclear how the market will balance these factors in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100