Comcast Corporation

Comcast Corporation (formerly American Cable Systems & Comcast Holdings) is an American multinational telecommunications conglomerate with its headquarters in Philadelphia, Pennsylvania. It is 2nd after AT&T, a global broadcasting and cable television company by revenue. Apart from it, Comcast Corporation is the largest pay-tv, home internet service provider, cable TV company, and the 3rd largest home television service provider in the United States.

The Company serves the US residential and commercial customers of 40 states and the District of Columbia. It produces feature films and television programs for theoretical exhibitions and over-the-air and cable television broadcasts. Comcast owns and operates various communication services like the Xfinity residential cable communications subsidiary; Comcast Business, a commercial services provider; Xfinity Mobile, an MVNO of Verizon; over-the-air national broadcast network channels, the film studio Universal Pictures; the VOD streaming services Peacock, animation studios and Universal Parks and Resorts. It also has significant holdings in digitally acquired in 2014. Comcast is also the parent company of European Company SkyGroup, with more than 53 million subscribers making it the biggest Media company.

The subscribers criticize Comcast for various reasons; its customer satisfaction often ranks among the lowest in the cable industry.

Furthermore, it has violated net neutrality practices in the past, and critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet. Critics also noticed the lack of competition in most Comcast service areas, including limited competition among cable providers. The companies achieved financial growth, as is clear from the Company's stock performance.

The Company's stock value doubled from $8.19 in 1999 to $15 in 2009, and the profit margin rose from 4.2% in 1999 to 8.4% in 2009. Due to the increase in high-speed internet customers, Comcast reported a 30% first-quarter 2012 profit. As of 2020, Comcast's Fortune 500 rankings in the United States ranked 28th.