Comcast Corporation (CMCSA) Network Traffic Rises 76% from 2019 to 2024

Comcast Corporation (NASDAQ:CMCSA) is one of the Best 52-Week Low Blue Chip Stocks to Buy Now. On July 7, the company announced that it is on the cusp of reaching its goal to double its network energy efficiency, well ahead of the 2030 target. Comcast Corporation (NASDAQ:CMCSA) posted an 11% reduction in energy utilised to power the network and business from 2019 to 2024, using leaner and smarter technologies that process more customer traffic with lower electricity.

Furthermore, Comcast Corporation (NASDAQ:CMCSA)’s network traffic increased 76% from 2019 to 2024, meeting increased customer demand for data fueled by streaming, gaming, sports, and business. Elsewhere, Bloomberg reported that Comcast Corporation (NASDAQ:CMCSA) has increased the price of its Peacock streaming service by $3 a month for new customers starting July 23. This reflects an increase of ~38% for the ad-supported plan. Notably, the version with advertising would increase to $11 a month, while the one without ads would increase to $17. The current customers will witness the rates increase on Aug. 22, highlighted Bloomberg.

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Disclosure: None. This article is originally published at Insider Monkey.