Slide 1: 1st Quarter 2023 Results
st 1 Quarter 2023 Results APRIL 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: 1Q 2023 Highlights
1Q 2023 Drivers of our future growth and the focus Highlights areas of our investment: $29.7B in Revenue • Residential Connectivity $9.4B in Adjusted EBITDA $0.92 in Adjusted EPS • Business Services Connectivity $3.8B in Free Cash Flow • Theme Parks and Experiences $3.2B in Return of Capital Strong
Slide 4: Consolidated 1Q 2023 Financial Results
Consolidated 1Q 2023 Financial Results ($ in billions, except per share data) Revenue Adj. EBITDA Adj. EPS $31.0 $29.7 $9.4 $0.92 $9.2 $0.86 (4.3%)* *y/y change +2.9% reflects the Beijing +7.0% Olympics and the NFL’s Super Bowl in 1Q22 and the negative impact of foreign currency 1Q22 1Q23 1Q22 1Q23
Slide 5: Connectivity & Platforms
1Q 2023 1Q 2023 Revenue Adj. EBITDA Commentary Connectivity ($M) y/y % y/y % & Platforms Revenue ($B) • Residential Connectivity revenue +8%, with domestic broadband revenue +5%, domestic wireless revenue +27% and $20.5 $20.2 international connectivity revenue +18% (0.1%) Residential • Domestic resi
Slide 6: Content & Experiences
1Q 2023 1Q 2023 Revenue Adj. EBITDA Commentary Content & ($M) y/y % y/y % Experiences • Media revenue (2.0%) excluding $1.5B of revenue from the Revenue ($B) Beijing Olympics and the NFL’s Super Bowl in 1Q22 $11.3 $6,152 $880 $10.3 Media (20.7%) (25.5%) • Peacock revenue +45% to $685M; Peacock paid
Slide 7: Free Cash Flow & Capital Allocation Framework
Free Cash Flow & Capital Allocation Framework • Invest for growth in our businesses Capital Allocation • Protect our strong balance sheet position, with targeted leverage of ~2.4x • Return cash to shareholders Consolidated Capital ($B)* Balance Sheet Statistics Return of Capital 2.4x Total return of
Slide 8: Appendix
&B COMCAST APPENDIX
Slide 9: Free Cash Flow Generation
Free Cash Flow Generation Adjusted EBITDA to Free Cash Flow Walk 1Q 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 $3.8 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. We define Adjusted EBITDA as net income attributable to Comcast Corporation before net income (loss) attributable to noncontrolling int
Slide 11: 1Q 2023 in Photos
1Q 2023 IN PHOTOS % COMCAST
Slide 12: Connectivity
February 2023: Comcast accelerates the nation’s largest and fastest multi-gig deployment and announced that its latest Xfinity 10G network upgrade will be launched to 10 million homes and businesses by the end of the month. To date, and ahead of schedule, more than 40 markets across Comcast service
Slide 13: Platforms
February 2023: Comcast announced it has received a Technology & Engineering Emmy® Award for building and delivering innovative sports viewing experiences for millions of customers across Xfinity, Sky and Peacock. The National Academy of Television Arts and P L AT F O R M S Sciences recognized Comcas
Slide 14: Content
In January 2023, DreamWorks Animation’s Puss in Boots: The Last Wish received a highly-coveted Best Animated Feature nomination for CONTENT the 2023 Academy Awards. Through the end of the first quarter, the Antonio Banderas-voiced cat earned approximately $480 million in worldwide box office. The fi
Slide 15: Experiences
February 2023: Super Nintendo World Opens at Universal Studios Hollywood. Featuring ‘Mario Kart: Bowser’s Challenge,’ the highly- anticipated opening of Super Nintendo World at Universal Studios Hollywood represents the first Super Nintendo World to debut in the United EXPERIENCES States, designed t
Slide 16: Comcast
ab, COMCAST