COMCAST CORPORATION

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NBCUniversal, Google top contenders for tie-up with Netflix for ad-supported plan - WSJ

06/22/2022 | 03:12pm EDT
FILE PHOTO: Illustration shows Netflix logo

(Reuters) - Comcast Corp's NBCUniversal and Alphabet Inc's Google are leading the race for a tie-up with Netflix Inc to help it create an advertisement-supported subscription plan, the Wall Street Journal reported https://www.wsj.com/articles/comcasts-nbcuniversal-google-among-frontrunners-to-partner-with-netflix-to-help-create-ad-supported-tier-11655921297?mod=latest_headlines on Wednesday, citing sources.

Comcast's video advertisement division, Freewheel, can help Netflix with technology to deliver ads, while NBCUniversal's sales team can assist the streaming service provider with selling advertisements in the United States and Europe, the report added.

Google, which already has a relationship with Netflix as a provider of ad-buying tools, could pursue an exclusive deal with the company, the report said.

Netflix, Alphabet and Comcast did not immediately respond to Reuters' requests for comment.

Netflix said in April that inflation, the war in Ukraine and fierce competition had contributed to a loss of subscribers for the first time in more than a decade.

The company could introduce its lower-priced ad-supported subscription plan by the end of the year, earlier than originally planned, according some reports.

(Reporting by Akash Sriram in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.24% 2168.5 Delayed Quote.-24.93%
COMCAST CORPORATION -2.56% 39.25 Delayed Quote.-19.95%
NETFLIX, INC. -0.55% 178.97 Delayed Quote.-70.13%
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Analyst Recommendations on COMCAST CORPORATION
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Financials (USD)
Sales 2022 123 B - -
Net income 2022 14 701 M - -
Net Debt 2022 87 529 M - -
P/E ratio 2022 12,3x
Yield 2022 2,68%
Capitalization 180 B 180 B -
EV / Sales 2022 2,19x
EV / Sales 2023 2,16x
Nbr of Employees 189 000
Free-Float 82,9%
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Technical analysis trends COMCAST CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 40,29 $
Average target price 53,82 $
Spread / Average Target 33,6%
EPS Revisions
Managers and Directors
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer
Jeff Votaw Vice President-Engineering
Candy Lawson Chief Compliance Officer & Senior Vice President
Karen Dougherty Buchholz Executive Vice President-Administration
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