Slide 1: 2nd Quarter 2023 Results
nd 2 Quarter 2023 Results July 27, 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: 2Q 2023 Highlights
2Q 2023 Drivers of our future growth and the focus Highlights areas of our investment: $30.5B in Revenue • Residential Broadband $10.2B in Adjusted EBITDA • Wireless $1.13 in Adjusted EPS • Business Services Connectivity $3.4B in Free Cash Flow $3.2B in Return of Capital • Theme Parks Strong balance
Slide 4: Consolidated 2Q 2023 Financial Results
Consolidated 2Q 2023 Financial Results ($ in billions, except per share data) Revenue Adj. EBITDA Adj. EPS $10.2 $30.5 $9.8 $1.13 $30.0 +1.7% +4.2% $1.01 +11.9% 2Q22 2Q23 2Q22 2Q23 2Q22 2Q23 Free Cash Flow Generation of $3.4 Billion; Return of Capital to Shareholders of $3.2 Billion Billion 4 See No
Slide 5: Connectivity & Platforms
2Q 2023 2Q 2023 Revenue Adj. EBITDA Commentary Connectivity ($M) y/y % y/y % & Platforms • Residential Connectivity revenue +8%, with domestic Revenue ($B) broadband revenue +4%, domestic wireless revenue +20% and $20.3 $20.4 international connectivity revenue +26% 0.0% Residential • Domestic reside
Slide 6: Content & Experiences
2Q 2023 2Q 2023 Revenue Adj. EBITDA Commentary Content & ($M) y/y % y/y % Experiences • Stable revenue; strong growth in Peacock offset performance Revenue ($B) $6,195 $1,244 at our linear networks Media +0.1% (18.2%) $10.5 $10.9 • Peacock revenue +85% to $820M; Peacock paid subscribers nearly doubl
Slide 7: Free Cash Flow & Capital Allocation Framework
Free Cash Flow & Capital Allocation Framework • Invest for growth in our businesses Capital Allocation • Protect our strong balance sheet position, with targeted leverage of ~2.4x • Return capital to shareholders Consolidated Capital ($B)* Balance Sheet Statistics Return of Capital $3.8 2.4x Total r
Slide 8: Appendix
&B COMCAST APPENDIX
Slide 9: Free Cash Flow Generation
Free Cash Flow Generation Adjusted EBITDA to Free Cash Flow Walk 2Q 2023 ($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 $3.4 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: 2Q 2023 in Photos
2Q 2023 IN PHOTOS SB COMCAST
Slide 12: Connectivity: Xfinity 10G Network
Q1 2023 IN PHOTOS June 2023: Speed, Reliability and Low Latency - For Everyone with the Xfinity 10G Network. The Xfinity 10G Network is being built to deliver an exceptional Internet experience Connectivity: that is fast and reliable, with low latency, to consumers across all the markets we serve. I
Slide 13: Platforms: Comcast Introduces NOW TV
Q1 2023 IN PHOTOS May 2023: Comcast Introduces NOW TV: A $20 Entertainment Option With 60+ Streaming and FAST Channels, Plus Peacock Premium. NOW TV was built to meet the Platforms: needs of the value-conscious consumer who wants an entertainment product that is simple and convenient with quality pr
Slide 14: Content: The Super Mario Bros. Movie
Q1 2023 IN PHOTOS June 2023: The Super Mario Bros. Movie Grossed More Than $1.3 Billion in Worldwide Box Office. The Nintendo and Illumination animated film takes what millions of gamers Content: worldwide have loved for 35 years and levels it up to a new and breathtaking cinematic experience. Peaco
Slide 15: Experiences: Super Nintendo World
Q1 2023 IN PHOTOS 2Q 2023: Super Nintendo World contributed to record quarters at Universal Japan and Universal Hollywood. In Japan, our park in Osaka continued to rebound, delivering a record Experiences: level of Adjusted EBITDA for a second quarter. In the U.S., our park in Hollywood had its best
Slide 16: Comcast
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