Sales in Q3 lower than previous year due to Comcast's coverage of Tokyo Olympics.

Jai Nielsen
3 mins

Sales in Q3 were lower than the previous year due to Comcast's coverage of the Tokyo Olympics.

CHINA - 2022/07/25: In this photo illustration, the American Internet television service provider ... [+] owned by Comcast, Xfinity, logo is displayed on a smartphone screen. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images
With the recent news that Comcast is planning to launch its own streaming service, it's clear that the company is positioning itself to be a major player in the online entertainment space. While there are already a number of established streaming services out there, Comcast's Xfinity brand gives it a strong foothold in the market. Looking ahead to 2022, it will be interesting to see how Comcast's streaming service fares against the likes of Netflix, Amazon Prime, and others. With its vast resources and large customer base, Comcast certainly has the potential to become a major player in the streaming wars.

Comcast is a large American telecommunications company. The company is headquartered in Philadelphia, Pennsylvania. Comcast is the largest cable company and home Internet service provider in the United States, and the nation's third-largest home telephone service provider. Comcast provides cable television, broadband Internet, and landline telephone services to residential, commercial, and institutional customers in the United States. Comcast is a large and diversified company, with businesses in cable communications, broadcasting, and filmed entertainment. The company's cable communications business is the largest in the United States, serving more than 22 million customers. Comcast's broadcasting business consists of the NBC and Telemundo television networks, local television stations, and a portfolio of cable networks. Comcast's filmed entertainment business includes the Universal Studios Hollywood theme park and the Universal Pictures film studio. Comcast is a publicly traded company, listed on the Nasdaq stock exchange under the ticker symbol CMCSA. The company's market capitalization is over $140 billion. Comcast has been in the news recently for its proposed merger with Time Warner Cable, which would create a cable and Internet behemoth with nearly 30 million customers. The merger is currently being reviewed by the U.S. Department of Justice and the Federal Communications Commission.

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