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Comcast Corporation is a global media and technology company that operates through two primary business segments: Connectivity & Platforms and Content & Experiences. The company provides broadband, wireless, video, and voice services under brands such as Xfinity, Comcast Business, and Sky, and produces and distributes entertainment, sports, and news through brands like NBC, Telemundo, Universal, Peacock, and Sky . Additionally, Comcast operates Universal theme parks, contributing significantly to its revenue .
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Connectivity & Platforms - Offers broadband, wireless, video, and voice services primarily under the Xfinity, Comcast Business, and Sky brands. Includes Residential Connectivity & Platforms and Business Services Connectivity, with Sky-branded entertainment television networks in the UK and Italy.
- Residential Connectivity & Platforms - Provides broadband and wireless services, showing significant growth in domestic broadband and wireless.
- Business Services Connectivity - Delivers high-margin connectivity services to businesses, contributing significantly to annual revenue.
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Content & Experiences - Encompasses Media, Studios, and Theme Parks, producing and distributing entertainment, sports, and news.
- Media - Includes brands like NBC, Telemundo, and Sky, offering a wide range of entertainment and news content.
- Studios - Produces films and television content under the Universal brand.
- Theme Parks - Operates Universal theme parks, which have seen substantial revenue growth.
- Streaming - Provides streaming services through the Peacock brand.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brian L. Roberts ExecutiveBoard | Chairman and CEO | None | Brian L. Roberts has been Chairman and CEO since 1986. He is the son of Comcast's founder and holds sole voting power over 33 1/3% of Comcast's voting stock. | View Report → |
Daniel C. Murdock Executive | EVP, Chief Accounting Officer | None | Daniel C. Murdock joined Comcast in 2015 and became Chief Accounting Officer in 2017. He previously worked at the SEC as Deputy Chief Accountant. | |
Jason S. Armstrong Executive | Chief Financial Officer (CFO) | None | Jason S. Armstrong joined Comcast in 2014 and became CFO in January 2023. He previously held roles such as Treasurer and Deputy CFO. | |
Jennifer Khoury Executive | Chief Communications Officer | None | Jennifer Khoury joined Comcast in 1999 and has held various leadership roles in corporate and digital communications. | |
Michael J. Cavanagh Executive | President | None | Michael J. Cavanagh joined Comcast in 2015 as CFO and became President in October 2022. He previously held senior roles at JPMorgan Chase. | |
Thomas J. Reid Executive | Chief Legal Officer and Secretary | None | Thomas J. Reid joined Comcast in April 2019. He was previously Chairman and Managing Partner at Davis Polk & Wardwell LLP. | |
Asuka Nakahara Board | Director | Partner at Triton Atlantic Partners; Co-Founder of Incompass Labs; Associate Director at Wharton School; Trustee at Rice University. | Asuka Nakahara has been a Director since 2017. He has expertise in real estate, finance, and education. | |
David C. Novak Board | Director | Founder of David Novak Leadership, Inc.; Board Member at Lift-a-Life Novak Family Foundation. | David C. Novak has been a Director since 2016. He is a leadership expert and author of several books on management. | |
Edward D. Breen Board | Lead Independent Director | CEO and Executive Chairman of DuPont; Trustee at Grove City College, Lebanon Valley College, and The Hun School of Princeton. | Edward D. Breen has been Lead Independent Director since 2014. He brings extensive experience in executive leadership and governance. | |
Jeffrey A. Honickman Board | Director | CEO of Pepsi-Cola and National Brand Beverages; Board Member at American Beverage Association and Barnes Foundation. | Jeffrey A. Honickman has been a Director since 2005. He chairs Comcast's Audit Committee and is recognized as an Audit Committee Financial Expert. | |
Kenneth J. Bacon Board | Director | CEO of RailField Partners; Board Member at Ally Financial, Arbor Realty Trust, and Welltower Inc.. | Kenneth J. Bacon has been a Director since 2002. He has expertise in finance, housing, and risk management. | |
Louise F. Brady Board | Director | Co-Founder of Piedmont Capital Partners; President of Blue Current, Inc.; Board Member at Travel + Leisure Co.. | Louise F. Brady joined Comcast's Board in October 2023. She has expertise in venture capital and technology. | |
Madeline S. Bell Board | Director | CEO of The Children’s Hospital of Philadelphia; Board Member at Leonard Davis Institute of Health Economics and Solutions for Patient Safety. | Madeline S. Bell has been a Director since 2016. She is a leader in healthcare and governance. | |
Thomas J. Baltimore Board | Director | CEO of Park Hotels & Resorts; Director at American Express; Board Member at UVA Investment Management Co., Real Estate Roundtable, and UVA McIntire School of Commerce Foundation. | Thomas J. Baltimore joined Comcast's Board in March 2023. He has extensive experience in hospitality and real estate. | |
Wonya Y. Lucas Board | Director | Director at Atlanta Braves Holdings; Former CEO of Hallmark Media Networks. | Wonya Y. Lucas joined Comcast's Board in April 2024. She has extensive leadership experience in media and broadcasting. |
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Given that your CapEx year-to-date is running below the expected 10% in Connectivity & Platforms, should we anticipate a significant catch-up in Q4, and how will this affect your free cash flow projections?
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With the intensifying competition from fiber providers expanding their footprint, can you discuss the impact on your broadband ARPU and pricing power when new fiber entrants enter your markets, and what strategies you have in place to mitigate potential losses?
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Regarding your potential spin-off of your cable networks into a new company, can you provide more details on the strategic rationale behind this move, and do you view it as an opportunity to create a roll-up vehicle for the industry?
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The Olympics generated a record $1.9 billion in revenue, but could you comment on the profitability of the event and how you plan to sustain or improve profitability in future Olympic Games given past underperformance?
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Considering the significant investment and $150 million in pre-opening costs for Epic Universe, how do you anticipate this will impact your bottom line over the next 3 to 5 years, and what measures are in place to ensure a strong return on this substantial capital investment?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Certain wireline telecommunications companies have built and are continuing to build fiber-based wireline network infrastructure further into their networks, enabling them to provide data transmission speeds that exceed those of traditional copper DSL technology, and are offering services with these higher speeds in many of the company's service areas. | |
Certain wireline telecommunications companies have built and are continuing to build fiber-based wireline network infrastructure further into their networks, enabling them to provide data transmission speeds that exceed those of traditional copper DSL technology, and are offering services with these higher speeds in many of the company's service areas. | |
Certain wireline telecommunications companies have built and are continuing to build fiber-based wireline network infrastructure further into their networks, enabling them to provide data transmission speeds that exceed those of traditional copper DSL technology, and are offering services with these higher speeds in many of the company's service areas. | |
Certain wireline telecommunications companies have built and are continuing to build fiber-based wireline network infrastructure further into their networks, enabling them to provide data transmission speeds that exceed those of traditional copper DSL technology, and are offering services with these higher speeds in many of the company's service areas. | |
BT | Certain wireline telecommunications companies in the United Kingdom have built and are continuing to build fiber-based wireline network infrastructure further into their networks, enabling them to provide data transmission speeds that exceed those of traditional copper DSL technology, and are offering services with these higher speeds in many of the company's service areas. |
Virgin Media O2 | Certain wireline telecommunications companies in the United Kingdom have built and are continuing to build fiber-based wireline network infrastructure further into their networks, enabling them to provide data transmission speeds that exceed those of traditional copper DSL technology, and are offering services with these higher speeds in many of the company's service areas. |
The company competes with national and regional wireless service providers in the United States that offer wireless service on both a stand-alone basis and with other services as bundled offerings. | |
Subscription-based services that offer online services enabling internet streaming and downloading of movies, television shows, and other video programming compete with the company's video services. | |
Subscription-based services that offer online services enabling internet streaming and downloading of movies, television shows, and other video programming compete with the company's video services. | |
Hulu + Live TV | Virtual multichannel video providers that offer streamed linear television networks compete with the company's video services. |
YouTube TV | Virtual multichannel video providers that offer streamed linear television networks compete with the company's video services. |
Recent press releases and 8-K filings for CMCSA.
- Q1 2025 revenue reached $29.9B, a slight decline from $30.1B in Q1 2024 , alongside a 12.5% drop in net income to $3,375M .
- Strong operating performance with Adjusted EBITDA of $9.5B (up ~2% ) and Adjusted EPS of $1.09 (up ~5% ).
- The Connectivity & Platforms segment delivered 4.1% revenue growth with an adjusted EBITDA margin of 41.4% , while Residential Connectivity posted a +16% increase in domestic wireless revenue with 323K new lines; broadband ARPU was up 3.3% despite a loss of 199K broadband customers .
- Robust cash generation with Free Cash Flow of $5.4B supporting $3.2B in shareholder returns via dividends and share repurchases .
- Strategic initiatives include a 5-year price lock, enhanced WiFi and bundled offerings for convergence, and targeted investments in growth areas such as business services and media (Peacock) .
- Comcast executives detailed Project Genesis, a comprehensive network transformation initiative now over 50% complete that leverages mid-split architecture and virtualization to deliver multi-gigabit services across 64+ million homes.
- They emphasized the expansion of DOCSIS 4.0 technology, which enables cost-effective, incremental upgrades to provide gigabit symmetrical services through AI-driven operations and enhanced real-time troubleshooting.
- The call also highlighted improvements in both residential and commercial sectors with new WiFi 7 gateways and seamless fiber optionality to bolster network reliability and performance.