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Comcast Corp
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Comcast Corp
NASDAQ:CMCSA
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Comcast Corp
Investor Relations

Comcast ist ein Kommunikations- und Medienunternehmen, das vor allem für den Verkauf von Festnetz-Internet, Pay-TV und Mobilfunkdiensten unter der Marke Xfinity bekannt ist. Das Unternehmen besitzt außerdem Kabelnetze, das Rundfunknetz NBC, den Streamingdienst Peacock und ein großes Film- und Fernsehstudio-Geschäft über NBCUniversal. Einfach ausgedrückt steht Comcast zwischen Inhaltserstellern und Konsumenten: Es verbindet Haushalte mit Breitband und Unterhaltung und verkauft Werbung sowie Programme, um diese Zielgruppen zu erreichen. Die Hauptkundengruppen sind Haushalte, Kleinunternehmen, Werbetreibende sowie Kabel- und Streaming-Distributoren. Comcast erzielt seine Einnahmen überwiegend aus monatlichen Abonnementsgebühren für Internet-, Video-, Sprach- und Mobilfunkdienste sowie aus Werbung, Content-Lizenzierung und Eintrittsgeldern für Freizeitparks. Diese Mischung verschafft dem Unternehmen sowohl nutzungsnahe, wiederkehrende Einnahmen aus Konnektivität als auch medienbezogene Umsätze, die an Zuschauerzahlen und Werbenachfrage gekoppelt sind. Worin sich Comcast unterscheidet, ist die Kombination eines großen Last-Mile-Breitbandnetzes mit einem bedeutenden Medien- und Entertainment-Portfolio. Nur wenige Unternehmen können sowohl Internet direkt an Millionen von Haushalten liefern als auch die Kanäle, Sendungen, Filme und Streamingdienste besitzen, die über diese Verbindungen angesehen werden. Diese vertikale Reichweite gibt Comcast Kontrolle über Distribution und Inhalte, was zentral für den Wettbewerb in Telekommunikation und Medien ist.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 23, 2026
AI Summary
Q1 2026

Broadband improved: Comcast said broadband net losses improved by more than 100,000 year over year, helped by simpler pricing, better customer targeting and the company’s big February sports promotions.

Wireless surged: Wireless net additions hit a record 435,000, and Comcast said nearly half of its residential postpaid phone connects came from free-line offers.

Margins under pressure: Adjusted EBITDA fell 9%, as lower broadband ARPU, free wireless lines and the first year of the NBA contract weighed on earnings.

Peacock near breakeven: Peacock added 2 million net new subscribers and revenue rose more than 70%; management said it is on track to approach profitability next quarter.

Sports and parks helped: The Winter Olympics, Super Bowl and Epic Universe all boosted results, with Parks revenue up 24% and EBITDA up 33%.

Capital returns strong: Comcast generated $3.9 billion of free cash flow and returned $2.5 billion to shareholders in the quarter.

Still competitive: Management said broadband competition from fiber, fixed wireless and satellite remains intense, but it believes its strategy is starting to work.

Key Financials
Revenue
11%
Adjusted EBITDA
down 9%
Earnings per share
$0.79
Free cash flow
$3.9 billion
Capital returned to shareholders
$2.5 billion
Share repurchases
$1.25 billion
Broadband net losses
65,000
Broadband ARPU
down 3.1%
Wireless net additions
435,000
Wireless lines
9.7 million
Domestic residential broadband penetration
16%
Convergence ARPA
roughly $85
Convergence revenue
down 2.8%
Wireless service revenue
up 15%
Business Services revenue
up 6%
Business Services EBITDA
up 4%
Theme Parks revenue
up 24%
Theme Parks EBITDA
up 33%
Media revenue
up more than 60%
Peacock paid subscribers
46 million
Media EBITDA
loss of $426 million
Peacock EBITDA
loss of $432 million
Monthly data usage
up 10%
Net leverage
2.3x
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael J. Cavanagh
President

Michael J. Cavanagh is a prominent executive well-known for his role at Comcast Corporation. He serves as the Chief Financial Officer (CFO) of the company, a position he has held since 2015. In this role, Cavanagh is responsible for overseeing the financial operations of the company, including financial planning, management of financial risks, record-keeping, and financial reporting. Additionally, he plays a crucial part in strategic initiatives and investment decisions that drive Comcast's growth and development. Cavanagh brought with him a wealth of financial expertise and leadership experience from his previous roles. Before joining Comcast, he co-headed the Corporate & Investment Bank at JPMorgan Chase, where he oversaw banking operations globally. His tenure at JPMorgan was marked by significant achievements and a strong influence on the bank's strategies and operations. Earlier in his career, Cavanagh held various leadership roles at JPMorgan, including Chief Financial Officer of the company. He also had a stint at The Carlyle Group, a global investment firm, where he was a partner in its financial services group. Cavanagh is known for his analytical skills, strategic vision, and ability to navigate complex financial landscapes, making him a key asset to Comcast’s executive team. His leadership is integral to ensuring the company's financial health and its ability to adapt to the rapidly changing media and telecommunications industries.

Mr. Jason S. Armstrong C.F.A.
Chief Financial Officer

Jason S. Armstrong is a key executive at Comcast Corporation, serving as the Chief Financial Officer (CFO). In this role, he is responsible for overseeing the company’s financial operations, strategies, and performance. Armstrong brings a wealth of experience in financial management and strategic planning to the company, leveraging his expertise to support Comcast's growth and financial health. Before becoming CFO, Armstrong held various leadership positions within Comcast, contributing significantly to the company's financial strategies and operations. His background includes substantial experience in the media and telecommunications industry, and he has been noted for his analytical skills and strategic insight. As a CFA (Chartered Financial Analyst) charterholder, Armstrong possesses a deep understanding of investment management and financial analysis, which informs his approach to Comcast's financial planning and execution. His leadership is instrumental in guiding the company through the rapidly evolving media landscape, focusing on sustainable growth and shareholder value.

Mr. Thomas J. Reid
Chief Legal Officer & Secretary

Thomas J. Reid is a prominent executive currently serving as the Chief Legal Officer and Secretary at Comcast Corporation. In this role, Mr. Reid is responsible for overseeing the company's vast legal affairs, strategic guidance on corporate governance issues, and ensuring compliance with various legal and regulatory frameworks that apply to Comcast's operations. Before joining Comcast, Thomas J. Reid was a managing partner at Davis Polk & Wardwell LLP, a prestigious international law firm. During his time there, he gained recognition for his expertise in mergers and acquisitions, capital markets, and corporate governance, working with a diverse range of high-profile clients across different industries. Reid's leadership and legal acumen are well-regarded in the industry, and his contributions have been instrumental in navigating complex legal landscapes, influencing corporate strategies, and fostering robust frameworks within Comcast. His extensive experience and deep understanding of legal matters make him a vital part of the executive leadership at one of the world's leading media and technology companies.

Ms. Jennifer Khoury Newcomb
Chief Communications Officer

Jennifer Khoury is a prominent executive at Comcast Corporation, where she holds the position of Senior Vice President of Corporate and Digital Communications. In this role, she oversees the company's communications strategies across various platforms, playing a vital role in managing Comcast's corporate image and messaging. Known for her expertise in media relations, digital strategy, and corporate branding, Khoury has been instrumental in shaping and communicating the company's initiatives and innovations to both the public and industry stakeholders. Her leadership has helped position Comcast as a forward-thinking leader in the telecommunications and media landscape.

Melinda Lindsley
Operations Director
Keine Biografie verfügbar
Mr. Daniel C. Murdock
Executive VP, Chief Accounting Officer & Controller

Daniel C. Murdock is a prominent executive at Comcast Corporation, where he serves as the Chief Accounting Officer. With a strong background in accounting and finance, he plays a crucial role in overseeing the financial reporting and accounting operations of the company. Murdock is responsible for ensuring that Comcast's financial practices are aligned with regulatory standards and contribute to the overall fiscal health of the organization. Before joining Comcast, he gained extensive experience in the field through various leadership roles. He has worked with global accounting firms, where he honed his skills in auditing and financial management. His expertise in dealing with complex financial structures has been instrumental in driving efficiency within Comcast's financial departments. Murdock holds a bachelor's degree in accounting and is a certified public accountant. His leadership style emphasizes integrity, transparency, and strategic thinking, which have been key assets in his position at Comcast. His contributions help in maintaining investor confidence and supporting the company’s growth initiatives.

Mr. Matthew Zelesko
Chief Technology Officer

Matthew Zelesko is a technology executive who serves as the Senior Vice President and Chief Technology Officer at Comcast Cable. In this role, he is responsible for leading the company’s technology strategy, architecture, and strategic direction across all divisions. Zelesko's work involves overseeing the development and implementation of Comcast's technology platforms and services to enhance customer experience and drive innovation. Before becoming CTO at Comcast, Zelesko had a distinguished career within the company and the broader technology and telecommunications industry. He joined Comcast from Canoe Ventures, where he served as the Chief Technology Officer and was instrumental in developing advertising solutions for the television industry. Prior to Canoe Ventures, Zelesko held executive positions at various technology companies, including Time Warner Cable and Avid Technology, where he gained significant expertise in product development and innovation. Zelesko is recognized for his leadership skills and his ability to integrate emerging technologies into practical business applications. His background in engineering and technology, combined with strategic business acumen, has been influential in driving Comcast’s advancements and maintaining its leadership in the telecommunications sector.

Ms. Marci Ryvicker
Executive Vice President of Investor Relations

Marci Ryvicker is a notable executive known for her role at Comcast Corporation. She serves as the Senior Vice President of Investor Relations. In this capacity, Ryvicker is responsible for managing and enhancing the company’s relationship with the investment community. Her duties typically involve overseeing communication strategies to ensure that investors, analysts, and other financial stakeholders are well-informed about the company's financial performance, strategic direction, and growth prospects. Before joining Comcast, Ryvicker had a distinguished career in financial analysis and media equity research. She worked at Wolfe Research as a Managing Director where she specialized in broadcasting, cable, and entertainment industries. Previously, she spent significant time at Wells Fargo Securities, where she played a key role in media equity research, gaining recognition for her insightful analysis and understanding of market trends. Ryvicker's extensive experience in financial analysis and investor relations, along with her deep understanding of the media and entertainment sectors, have positioned her as a respected figure in finance and corporate communications. Her educational background includes a strong academic foundation that complements her professional endeavors.

Ms. Candy Lawson
Senior VP, Chief Compliance Officer & Senior Deputy General Counsel
Keine Biografie verfügbar
Mr. Robert L. Eatroff
Executive Vice President of Global Corporate Development & Strategy

Robert L. Eatroff is an executive known for his role at Comcast Corporation, where he serves as Executive Vice President & Global Head of Mergers and Acquisitions (M&A) and Growth Investments. In this capacity, Eatroff is responsible for overseeing Comcast's M&A strategy and growth investments, identifying and evaluating potential opportunities for strategic expansion and partnerships across the company's multiple business segments. Before joining Comcast, Eatroff had an extensive career in finance, including senior positions where he gained significant experience in mergers and acquisitions. His keen insight into market dynamics and strategic investment has been instrumental in advancing Comcast's expansion strategies, contributing to the company's growth and competitive positioning in the media and technology sectors. Eatroff's leadership and strategic vision have played a crucial role in navigating the complexities of the industry and driving Comcast's efforts in pursuing and integrating key acquisitions and investments. His work exemplifies a deep understanding of the transactional landscape, regulatory considerations, and value creation through strategic partnerships and acquisitions.

Contacts

Adresse
PENNSYLVANIA
PHILADELPHIA
1 Comcast Ctr
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