Comcast Results Presentation Deck slide image

Comcast Results Presentation Deck

Cable Communications 3rd Quarter 2021 Overview Customer Relationships (M) Revenue Per CR* 32.7 Adjusted EBITDA 5 3Q20 $6.4 $65.99 +5.3% 3Q20 +4.2% 34.0 3Q21 +10.3% $7.1 $69.47 $15.0 3Q21 3Q20 ($B) Net Cash Flow $4.3 +7.4% $16.1 3Q21 +15.6% $5.0 ($B) ($B) Commentary Customer relationships: +4.2% to 34.0M Total customer relationship net adds of 255K Broadband customer net adds of 300K Added 285K wireless lines, best quarterly result since launch in 2017 ā— - Revenue: +7.4% to $16.1B; +6.3% excl. accrued customer RSN fee adjustments in 3Q20** - Broadband: +11.6% to $5.8B; +10.5% excluding accrued customer RSN fee adjustments in 3Q20** Wireless: +50.7% to $603M Business Services: +8.7% to $2.2B Video: +1.4% to $5.5B; consistent with prior period excluding accrued customer RSN fee adjustments in 3Q20** Advertising: +4.6% to $705M; +19.0% excluding political Adjusted EBITDA: +10.3% to $7.1B; +5.3% per customer relationship Programming expenses +7.6%; +2.8% excluding accrued customer RSN fee adjustments in 3Q20** - Non-programming expenses +3.9%; (0.8%) per customer relationship Wireless Adjusted EBITDA of +$51M compared to a loss of -$50M in 3Q20 Adjusted EBITDA margin improved +120bps y/y to 43.9%; +160bps excluding accrued customer RSN fee adjustments in 3Q20** 3Q20 3Q21 All percentages represent year/year growth rates, except Adjusted EBITDA margin and Capital Expenditures as a % of Revenue. *Represents average monthly results per customer relationship. **Cable Communications reported results for 3Q20 include the impacts of accrued customer RSN related fee adjustments. Refer to Notes page for further details. See Notes on Slide 11 Net Cash Flow: +15.6% to $5.OB Capital expenditures (5.4%) to $1.7B; represents 10.4% of Cable revenue
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