who-owns-xfinity

Who Owns Xfinity?

Business / By / March 28, 2023

Xfinity is a division of Comcast Corporation. In fact, in 2010, Comcast began re-branded its consumer triple play service as Xfinity. Comcast’s ownership is broken down between Class A and Class B Stocks (significantly more voting power per share than Class A shares). Indeed, the principal individual shareholder is Brian Roberts, chairman and CEO of Comcast, holding executive positions within the company since the 1990s. He owns 100% of Class B stocks, thus having significant voting power. Followed by The Vanguard Group with 8.7% of Class A stocks and BlackRock with 6.9% of Class A stocks.

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Comcast Revenue

comcast-revenue-breakdown
Cable revenue has been relatively stable over the years, with a slight decrease between 2018 and 2020, before stabilizing at $7.81 billion in 2021 and 2022. NBCUniversal has shown consistent growth in revenue from 2018 to 2022, with the most significant increase between 2020 and 2021. Sky’s revenue grew significantly from 2018 to 2019, as Comcast acquired Sky in 2018 for $39 billion. It continued to grow until 2021 but experienced a slight decline in 2022. Corporate & Other revenue has fluctuated, with the most significant increase between 2020 and 2021. This category reached its highest level in 2022 at $0.28 billion.

Comcast Profits

comcast-profits
Net income experienced growth from $11.73 billion in 2018 to $13.06 billion in 2019, marking an increase of approximately 11.3%. In 2020, the net income decreased to $10.53 billion, a decline of around 19.4% compared to 2019. The net income rebounded in 2021, reaching $14.16 billion, representing a significant increase of approximately 34.5% compared to 2020. In 2022, the net income dropped notably to $5.37 billion, a decrease of about 62.1% compared to 2021.

Sky Revenue

sky-revenue
Sky’s revenue experienced a remarkable increase from $0.54 billion in 2018 to $2.7 billion in 2019, marking a growth of approximately 400%. In 2020, the revenue continued to grow, reaching $3.03 billion, representing an increase of about 12.2% compared to 2019. The growth persisted in 2021, with the revenue reaching $3.38 billion, an increase of approximately 11.6% compared to 2020. In 2022, the revenue experienced a slight decline to $3.17 billion, a decrease of around 6.2% compared to 2021.

Comcast Advertising Revenue

comcast-advertising-revenue
Advertising revenue experienced significant growth from $8.29 billion in 2020 to $10.29 billion in 2021, marking an increase of approximately 24.1%. In 2022, the advertising revenue continued to grow, reaching $10.46 billion, which represents a modest increase of about 1.7% compared to 2021.

NBCUniversal Revenue

nbcuniversal-revenue
NBCUniversal’s revenue experienced modest growth from $2.1 billion in 2018 to $2.13 billion in 2019, marking an increase of approximately 1.4%. In 2020, the revenue continued to grow, reaching $2.3 billion, which represents an increase of about 8% compared to 2019. The growth persisted in 2021, with the revenue reaching $2.46 billion, an increase of approximately 7% compared to 2020. In 2022, the revenue experienced a further increase to $2.56 billion, a growth of around 4.1% compared to 2021.

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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