Giant cable and media conglomerate Comcast (NASDAQ: CMCSA) has put in a solid rally so far in 2023, with the stock up nearly 18% so far this year. Amid a bloodbath in the TV streaming wars, Comcast has found plenty of other places to juice profits and make up for its ugly foray into the space (its Peacock service). Total first-quarter 2023 revenue was down 4% year over year, but adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), Comcast's preferred operating profit metric, increased 3%.

After the run higher to kick off the new year, is Comcast stock a buy? 

Much has been said about the demise of cable TV, and Comcast (and its subsidiary cable business Xfinity) are taking a big hit from this transition from traditional TV to internet-based video entertainment. Indeed, Comcast reported another net loss of 614,000 U.S. cable TV subscribers in the last quarter alone, bringing its total customers down to 15.5 million in this department (compared to 17.7 million U.S. cable TV subscribers at the end of Q1 2022).

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Source Fool.com