Comcast Results Presentation Deck
Cable Communications 1st Quarter 2021 Overview
Customer Relationships (M) Revenue
Commentary
Customer relationships: +5.0% to 33.5M
Total customer relationship net adds of 380K; best 1Q result on record
Broadband customer net adds of 461K
Per CR*
31.9
Adjusted EBITDA
5
1Q20
$6.1
$63.88
+7.0%
1Q20
+5.0%
33.5
1Q21
+12.4%
$6.8
$68.35
$14.9
1Q20
($B) Net Cash Flow
$4.5
+5.9%
$15.8
1Q21
+15.6%
$5.1
($B)
($B)
1Q21
ā
-
Revenue: +5.9% to $15.8B
-
Added 278K wireless lines, best quarterly result on record; ending with 3.1M
total lines
-
Broadband: +12.0% to $5.6B
Wireless: +49.7% to $513M
Business Services: +6.1% to $2.2B
Advertising: +10.8% to $618M, +13.3% excl. political
Video: -0.2% to $5.6B
Adjusted EBITDA: +12.4% to $6.8B; +7.0% per customer relationship
Programming expenses +5.5%
Non-programming expenses -1.1%; -5.9% per customer relationship
Adjusted EBITDA margin improved +250bps y/y to 43.2% in 1Q21
Wireless Adjusted EBITDA of +$6M compared to a loss of -$59M in 1Q20
1Q21
1Q20
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.
See Notes on Slide 11
Net Cash Flow: +15.6% to $5.1B
Capital expenditures +8.0% to $1.4B; represents 8.7% of Cable revenueView entire presentation