Comcast Results Presentation Deck
Cable Communications 3rd Quarter 2022 Overview
Customer Relationships (M) Revenue
Per CR*
Adjusted EBITDA
5
34.0
3Q21
*
$7.1
$69.47
+4.0%
+0.9%
34.4
3Q22
+5.4%
$7.5
$72.27
$16.1
3Q21
($B) Net Cash Flow
$5.0
3Q21
+2.6%
$16.5
3Q22
+0.7%
$5.1
3Q22
($B)
($B)
Commentary
Customer relationships: +0.9% to 34.4M
Total customer relationship net losses of 21K; net adds of 315K over the last
twelve months
ā
ā
3Q21
3Q22
Represents average monthly results per customer relationship.
All percentages represent year/year growth rates, except Adjusted EBITDA margin and Capital Expenditures as a % of Revenue.
See Notes on Slide 11
Broadband customer net adds of 14K; 489K over the last twelve months
Added 333K wireless lines, a record high; 1.3M over the last twelve months
Revenue: +2.6% to $16.5B
Broadband: +5.7% to $6.1B
Business Services: +9.4% to $2.4B
Wireless: +30.8% to $789M
Advertising: +7.2% to $756M
Video: (4.4%) to $5.3B
Voice: (12.5%) to $745M
Adjusted EBITDA: +5.4% to $7.5B; +4.0% per customer relationship
Programming expenses: (2.8%)
Non-programming expenses: +2.5%
Adj. EBITDA margin improved +120bps y/y to 45.1%, a record high
Net Cash Flow: +0.7% to $5.1B
3Q 2022 Capital expenditures: +20.8% to $2.0B, representing 12.2% of Cable revenue
YTD 2022 Capital expenditures: +9.0% to $5.2B, representing 10.4% of Cable revenueView entire presentation