Slide 1: 3rd Quarter 2023 Results
rd 3 Quarter 2023 Results October 26, 2023
Slide 2: Important Information
IMPORTANT INFORMATION Caution Concerning Forward-looking Statements This presentation includes statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Sec
Slide 3: 3Q 2023 Highlights
3Q 2023 Drivers of our future growth and the focus Highlights areas of our investment: $30.1B in Revenue • Residential Broadband $10.0B in Adjusted EBITDA • Wireless $1.08 in Adjusted EPS • Business Services Connectivity $4.0B in Free Cash Flow $4.7B in Return of Capital • Theme Parks Strong balance
Slide 4: Consolidated 3Q 2023 Financial Results
Consolidated 3Q 2023 Financial Results ($ in billions, except per share data) Revenue Adj. EBITDA Adj. EPS $29.8 $30.1 $10.0 $9.5 $1.08 +0.9% +5.1% $0.96 +12.5% 3Q22 3Q23 3Q22 3Q23 3Q22 3Q23 Free Cash Flow Generation of $4.0 Billion; Return of Capital to Shareholders of $4.7 Billion Billion 4 See No
Slide 5: Connectivity & Platforms
3Q 2023 3Q 2023 Revenue Adj. EBITDA Commentary Connectivity ($M) y/y % y/y % & Platforms • Residential Connectivity revenue +7.5%, with domestic Revenue ($B) broadband revenue +4%, domestic wireless revenue +16% and $20.0 $20.3 international connectivity revenue +25% +0.2% Residential • Domestic res
Slide 6: Content & Experiences
3Q 2023 3Q 2023 Revenue Adj. EBITDA Commentary Content & ($M) y/y % y/y % Experiences • Strong revenue growth in Peacock offset the challenging Revenue ($B) $6,029 $723 performance at our linear networks Media +0.4% +6.5% $10.5 $10.6 • Peacock revenue +64% to $830M; Peacock paid subscribers increase
Slide 7: Free Cash Flow & Capital Allocation Framework
Free Cash Flow & Capital Allocation Framework • Invest organically for growth Capital Allocation • Protect our strong balance sheet position, with targeted leverage of ~2.4x • Return capital to shareholders Consolidated Capital ($B)* Balance Sheet Statistics Return of Capital $4.1 Total return of ca
Slide 8: Appendix
pS723 COMCAST APPENDIX
Slide 9: Free Cash Flow Generation
Free Cash Flow Generation Adjusted EBITDA to Free Cash Flow Walk 3Q 2023 ($B) Changes in Noncash share- Capital Software & Cash interest Adjusted EBITDA Cash taxes operating assets based compensation Free Cash Flow expenditures intangibles expense and liabilities and Other $4.0 9 See Notes on Slide
Slide 10: Notes
NOTES Numerical information is presented on a rounded basis using actual amounts. Minor differences in totals and percentage calculations may exist due to rounding. Beginning in the first quarter of 2023, we changed our presentation of segment operating results around our two primary businesses, Con
Slide 11: 3Q 2023 in Photos
3Q 2023 IN PHOTOS SB COMCAST
Slide 12: Connectivity: DOCSIS 4.0 Deployment
Q 1 2 0 2 3 IN P H OTOS October 2023: Comcast to Deliver Multi-Gig Symmetrical Speeds in World-First DOCSIS 4.0 Deployment. The latest version of DOCSIS technology is a giant leap forward in Internet connectivity that can deliver multi- Connectivity: gigabit symmetrical speeds to customers over the
Slide 13: Platforms: Xumo Streaming Devices Rollout
Q 1 2 0 2 3 IN P H OTOS October 2023: Xumo Begins Nationwide Rollout of Its First Streaming Devices in Charter and Comcast Platforms: Households. Xumo, a joint venture between Comcast and Charter formed to deliver the next generation of video entertainment, announced the launch of Xumo Stream Box to
Slide 14: Content: Oppenheimer Box Office
Q 1 2 0 2 3 IN P H OTOS September 2023: Universal Picture’s Oppenheimer Grossed More Than $900M in Worldwide Box Office Content: in the Third Quarter. The star-studded blockbuster from visionary filmmaker Christopher Nolan became the highest-grossing biopic of all time. The film chronicles the origi
Slide 15: Experiences: Halloween Horror Nights
Q 1 2 0 2 3 IN P H OTOS September 2023: Kicked-off Halloween Horror Nights at Universal Studios Orlando, Japan and Hollywood. Universal Orlando revealed the complete lineup of terrifying horrors guests will face at Halloween Experiences: Horror Nights 2023, including five all-new, chilling original
Slide 16: Comcast
ab COMCAST