news/CMCSA/2023.03.10/Comcast : Trending Schedule as Revised on March 13, 2023.txt

        Trending Schedules
      

        (As Revised March 13, 2023)
      

        As described in the Current Report on Form 8-K issued on March 13, 2023, beginning in the first quarter of 2023, Comcast Corporation will change its presentation of segment operating results around its two primary businesses, Connectivity & Platforms and Content & Experiences. A summary of the reportable business segments under the new reporting structure follows:
      

Connectivity & Platforms: Contains our broadband and wireless connectivity businesses operated under the Xfinity and Comcast brands in the United States and under the Sky brand in Europe (the "Connectivity & Platforms markets"). Also includes our video services businesses and the operations of our Sky-branded entertainment television channels in the Connectivity & Platforms markets. Connectivity & Platforms will be reported in two reportable business segments:
      


Residential Connectivity & Platforms: includes residential broadband and wireless connectivity services, residential and business video services, advertising sales and the Sky channels.
        

Business Services Connectivity: includes connectivity services for small business locations, which include broadband, voice and wireless services, as well as our solutions
        


        for medium-sized customers and larger enterprises.
      

Content & Experiences: Contains our media and entertainment businesses that develop, produce and distribute entertainment, news and information, sports, and other content for global audiences and own and operate theme parks in the United States and Asia. Content & Experiences will be reported in three reportable business segments:
      


Media: includes primarily NBCUniversal's television and streaming platforms, including national and regional cable networks; the NBC and Telemundo broadcast networks; NBC and Telemundo owned local broadcast television stations; and Peacock, our direct-to-consumer streaming service. Also includes international networks, including most Sky Sports channels, and other digital properties.
        

Studios: includes primarily our NBCUniversal and Sky film and television studio production and distribution operations.
        

Theme Parks: includes primarily the operations of our Universal theme parks.
        


        The segment information in these trending schedules has been recast to the new segment structure for all periods presented.
      




          Consolidated Revenue
        

          ($ and amounts in millions; unaudited)
        










                2021
              













                2022
              













                1Q
              



                2Q
              



                3Q
              



                4Q
              



                FY
              





                1Q
              



                2Q
              



                3Q
              



                4Q
              



                FY
              



































                Revenue
              





























                Domestic Broadband1




                $5,600
              



                $5,717
              



                $5,801
              



                $5,861
              



                $22,979
              



                $6,050
              



                $6,107
              



                $6,135
              



                $6,177
              



                $24,469
              







                Domestic Wireless2




                $513
              



                $556
              



                $603
              



                $709
              



                $2,380
              



                $677
              



                $722
              



                $789
              



                $883
              



                $3,071
              







                International Connectivity3




                $762
              



                $794
              



                $840
              



                $896
              



                $3,293
              





                $840
              



                $791
              



                $842
              



                $953
              



                $3,426
              







                Residential Connectivity
              



                $6,875
              



                $7,067
              



                $7,245
              



                $7,466
              



                $28,652
              



                $7,568
              



                $7,620
              



                $7,766
              



                $8,013
              



                $30,966
              







                Video4




                $8,191
              



                $8,232
              



                $8,080
              



                $7,936
              



                $32,440
              



                $8,002
              



                $7,793
              



                $7,428
              



                $7,273
              



                $30,496
              







                Advertising5




                $1,001
              



                $1,128
              



                $1,097
              



                $1,282
              



                $4,507
              



                $1,073
              



                $1,112
              



                $1,079
              



                $1,283
              



                $4,546
              







                Other6




                $1,785
              



                $1,805
              



                $1,759
              



                $1,747
              



                $7,095
              





                $1,698
              



                $1,607
              



                $1,561
              



                $1,512
              



                $6,378
              







                Residential Connectivity & Platforms
              



                $17,851
              



                $18,232
              



                $18,180
              



                $18,431
              



                $72,694
              



                $18,340
              



                $18,131
              



                $17,833
              



                $18,081
              



                $72,386
              







                Business Services Connectivity7




                $1,946
              



                $1,983
              



                $2,008
              



                $2,119
              



                $8,056
              





                $2,172
              



                $2,203
              



                $2,215
              



                $2,230
              



                $8,819
              







                Total Connectivity & Platforms
              



                $19,797
              



                $20,215
              



                $20,188
              



                $20,550
              



                $80,750
              



                $20,512
              



                $20,335
              



                $20,048
              



                $20,311
              



                $81,205
              







                Change
              













                3.6%
              



                0.6%
              



                (0.7%)
              



                (1.2%)
              



                0.6%
              







                Constant Currency Change 8














                4.4%
              



                2.9%
              



                2.3%
              



                1.4%
              



                2.7%
              







                Domestic Advertising9




                $2,072
              



                $2,161
              



                $3,230
              



                $2,714
              



                $10,177
              



                $3,310
              



                $2,131
              



                $2,089
              



                $2,829
              



                $10,360
              







                Domestic Distribution10




                $2,403
              



                $2,358
              



                $2,896
              



                $2,423
              



                $10,080
              



                $2,938
              



                $2,558
              



                $2,497
              



                $2,532
              



                $10,525
              







                International Networks11




                $1,268
              



                $1,288
              



                $1,221
              



                $1,282
              



                $5,060
              



                $995
              



                $970
              



                $872
              



                $893
              



                $3,729
              







                Other12




                $458
              



                $521
              



                $542
              



                $569
              



                $2,090
              





                $515
              



                $529
              



                $547
              



                $514
              



                $2,105
              







                Media
              



                $6,202
              



                $6,328
              



                $7,889
              



                $6,988
              



                $27,406
              



                $7,758
              



                $6,188
              



                $6,005
              



                $6,768
              



                $26,719
              







                Content Licensing
              



                $2,204
              



                $1,962
              



                $1,960
              



                $2,067
              



                $8,193
              



                $2,429
              



                $2,269
              



                $2,267
              



                $2,382
              



                $9,348
              







                Theatrical
              



                $39
              



                $198
              



                $307
              



                $147
              



                $691
              



                $168
              



                $550
              



                $673
              



                $216
              



                $1,607
              







                Other13




                $282
              



                $245
              



                $273
              



                $392
              



                $1,193
              





                $310
              



                $298
              



                $356
              



                $339
              



                $1,302
              







                Studios
              



                $2,525
              



                $2,406
              



                $2,540
              



                $2,606
              



                $10,077
              



                $2,907
              



                $3,117
              



                $3,296
              



                $2,938
              



                $12,257
              







                Theme Parks
              



                $619
              



                $1,095
              



                $1,449
              



                $1,887
              



                $5,051
              



                $1,560
              



                $1,804
              



                $2,064
              



                $2,114
              



                $7,541
              







                Headquarters & Other
              



                $16
              



                $22
              



                $28
              



                $22
              



                $87
              



                $16
              



                $8
              



                $22
              



                $29
              



                $75
              







                Eliminations14




                ($1,043)
              



                ($534)
              



                ($654)
              



                ($817)
              



                ($3,048)
              





                ($901)
              



                ($664)
              



                ($909)
              



                ($968)
              



                ($3,442)
              







                Total Content & Experiences
              



                $8,319
              



                $9,316
              



                $11,252
              



                $10,686
              



                $39,574
              



                $11,339
              



                $10,453
              



                $10,477
              



                $10,881
              



                $43,151
              







                Supplemental Media Detail
              





























                Advertising
              



                $55
              



                $56
              



                $109
              



                $166
              



                $386
              



                $242
              



                $207
              



                $255
              



                $329
              



                $1,034
              







                Distribution
              



                $35
              



                $61
              



                $94
              



                $139
              



                $329
              



                $192
              



                $214
              



                $222
              



                $278
              



                $905
              







                Other
              



                $1
              



                $5
              



                $27
              



                $30
              



                $64
              





                $38
              



                $23
              



                $29
              



                $53
              



                $143
              







                Peacock 15




                $91
              



                $122
              



                $230
              



                $335
              



                $778
              



                $472
              



                $444
              



                $506
              



                $660
              



                $2,082
              







                Peacock Paid Subscribers 16




                3
              



                4
              



                6
              



                9
              



                9
              



                13
              



                13
              



                16
              



                21
              



                21
              



































                Corporate & Other17




                $723
              



                $731
              



                $650
              



                $740
              



                $2,844
              



                $713
              



                $617
              



                $601
              



                $731
              



                $2,662
              







                Eliminations14




                ($1,635)
              



                ($1,716)
              



                ($1,793)
              



                ($1,641)
              



                ($6,783)
              



                ($1,554)
              



                ($1,389)
              



                ($1,277)
              



                ($1,370)
              



                ($5,590)
              







                Total Consolidated Revenue
              



                $27,205
              



                $28,546
              



                $30,298
              



                $30,336
              



                $116,385
              



                $31,010
              



                $30,016
              



                $29,849
              



                $30,552
              



                $121,427
              






          Page updated on March 13, 2023 for segment changes. See cover page.
        

          See notes on pages 10, 11 and 12. Minor differences may exist due to rounding.
        



          2
        





          Consolidated Costs & Expenses, Excluding Depreciation & Amortization
        

          ($ in millions; unaudited)
        











                  2021
                







                  1Q
                



                  2Q
                



                  3Q
                



                  4Q
                






            FY
          










                  2022
                







                  1Q
                



                  2Q
                



                  3Q
                



                  4Q
                






            FY
          




          Costs & Expenses, Excluding Depreciation & Amortization18





                Residential Connectivity & Platforms
              



                $11,674
              



                $11,707
              



                $11,805
              



                $12,320
              



                $47,506
              



                $11,729
              



                $11,399
              



                $11,138
              



                $12,009
              



                $46,275
              





                Business Services Connectivity
              



                $792
              



                $830
              



                $827
              



                $925
              



                $3,374
              





                $938
              



                $941
              



                $927
              



                $953
              



                $3,759
              





                Total Connectivity & Platforms
              



                $12,466
              



                $12,537
              



                $12,632
              



                $13,245
              



                $50,880
              



                $12,668
              



                $12,339
              



                $12,065
              



                $12,962
              



                $50,033
              





                Change
              













                1.6%
              



                (1.6%)
              



                (4.5%)
              



                (2.1%)
              



                (1.7%)
              










                  Constant Currency Change 8














Supplemental Connectivity & Platforms Detail19














                  Programming 20




                  $5,199
                



                  $5,176
                



                  $5,069
                



                  $5,098
                






            $20,542
          






                  2.7%
                



                  1.5%
                



                  (0.4%)
                



                  1.6%
                




            $4,884 $4,679 $4,464 $4,473
          



            1.4%
          

            $18,500
          







                Marketing & Promotion
              



                $1,213
              



                $1,274
              



                $1,309
              



                $1,384
              



                $5,180
              



                $1,332
              



                $1,296
              



                $1,246
              



                $1,227
              



                $5,101
              





                Direct Product Costs 21




                $1,122
              



                $1,152
              



                $1,200
              



                $1,427
              



                $4,901
              



                $1,339
              



                $1,329
              



                $1,377
              



                $1,553
              



                $5,598
              





                Technical & Support 22




                $1,855
              



                $1,873
              



                $1,951
              



                $2,003
              



                $7,682
              



                $1,949
              



                $1,916
              



                $1,911
              



                $1,945
              



                $7,721
              





                Customer Service
              



                $776
              



                $759
              



                $748
              



                $735
              



                $3,018
              





                $736
              



                $720
              



                $712
              



                $702
              



                $2,870
              





                Other 23




                $2,301
              



                $2,303
              



                $2,354
              



                $2,598
              



                $9,557
              





                $2,429
              



                $2,399
              



                $2,354
              



                $3,062
              



                $10,244
              





                Total Connectivity & Platforms
              



                $12,466
              



                $12,537
              



                $12,632
              



                $13,245
              



                $50,880
              



                $12,668
              



                $12,339
              



                $12,065
              



                $12,962
              



                $50,033
              































                Programming & Production
              



                $3,742
              



                $3,838
              



                $5,220
              



                $4,599
              



                $17,398
              



                $5,221
              



                $3,405
              



                $3,919
              



                $5,104
              



                $17,650
              





                Marketing & Promotion
              



                $222
              



                $238
              



                $382
              



                $422
              



                $1,264
              



                $426
              



                $291
              



                $365
              



                $439
              



                $1,520
              





                Other
              



                $819
              



                $854
              



                $917
              



                $1,022
              



                $3,611
              





                $929
              



                $972
              



                $1,042
              



                $1,008
              



                $3,951
              





                Media
              



                $4,783
              



                $4,930
              



                $6,518
              



                $6,042
              



                $22,273
              



                $6,577
              



                $4,669
              



                $5,326
              



                $6,550
              



                $23,121
              





                Programming & Production
              



                $1,746
              



                $1,782
              



                $1,868
              



                $2,047
              



                $7,443
              



                $2,122
              



                $2,392
              



                $2,149
              



                $2,115
              



                $8,778
              





                Marketing & Promotion
              



                $124
              



                $296
              



                $339
              



                $320
              



                $1,079
              



                $327
              



                $531
              



                $388
              



                $452
              



                $1,699
              





                Other
              



                $162
              



                $172
              



                $148
              



                $195
              



                $677
              





                $213
              



                $196
              



                $207
              



                $203
              



                $819
              





                Studios
              



                $2,032
              



                $2,250
              



                $2,355
              



                $2,562
              



                $9,198
              



                $2,662
              



                $3,120
              



                $2,744
              



                $2,770
              



                $11,296
              





                Theme Parks
              



                $680
              



                $874
              



                $1,015
              



                $1,213
              



                $3,783
              



                $1,109
              



                $1,173
              



                $1,244
              



                $1,332
              



                $4,858
              





                Headquarters & Other
              



                $225
              



                $208
              



                $276
              



                $219
              



                $927
              



                $208
              



                $145
              



                $221
              



                $382
              



                $956
              





                Eliminations14




                ($833)
              



                ($518)
              



                ($642)
              



                ($850)
              



                ($2,843)
              





                ($839)
              



                ($688)
              



                ($849)
              



                ($1,064)
              



                ($3,440)
              





                Total Content & Experiences
              



                $6,888
              



                $7,743
              



                $9,522
              



                $9,185
              



                $33,340
              



                $9,716
              



                $8,419
              



                $8,686
              



                $9,970
              



                $36,791
              





                Supplemental Media Detail
              



























                Programming & Production
              



                $230
              



                $295
              



                $475
              



                $596
              



                $1,596
              



                $588
              



                $606
              



                $767
              



                $1,212
              



                $3,174
              





                Marketing, Promotion & Other
              



                $138
              



                $190
              



                $274
              



                $298
              



                $901
              





                $340
              



                $305
              



                $353
              



                $426
              



                $1,423
              





                Peacock 15




                $368
              



                $485
              



                $750
              



                $894
              



                $2,497
              



                $928
              



                $912
              



                $1,120
              



                $1,638
              



                $4,597
              





                Corporate & Other17




                $1,082
              



                $1,057
              



                $881
              



                $1,156
              



                $4,175
              



                $948
              



                $784
              



                $919
              



                $1,019
              



                $3,670
              





                Eliminations14




                ($1,644)
              



                ($1,717)
              



                ($1,695)
              



                ($1,662)
              



                ($6,718)
              



                ($1,472)
              



                ($1,353)
              



                ($1,303)
              



                ($1,398)
              



                ($5,526)
              





                Total Consolidated Costs & Expenses, Excluding Depreciation & Amortization
              



                $18,792
              



                $19,620
              



                $21,341
              



                $21,925
              



                $81,677
              



                $21,859
              



                $20,189
              



                $20,367
              



                $22,552
              



                $84,968
              






























          Page updated on March 13, 2023 for segment changes. See cover page.
        

          See notes on pages 10, 11 and 12. Minor differences may exist due to rounding.
        



          3
        





          Consolidated Adjusted EBITDA and Depreciation & Amortization Expense
        

          ($ in millions; unaudited)
        











                  2021
                







                  1Q
                



                  2Q
                



                  3Q
                



                  4Q
                






            FY
          










                  2022
                







                  1Q
                



                  2Q
                



                  3Q
                



                  4Q
                






            FY
          




          Adjusted EBITDA24





                Residential Connectivity & Platforms
              



                $6,177
              



                $6,525
              



                $6,375
              



                $6,111
              



                $25,188
              



                $6,611
              



                $6,733
              



                $6,695
              



                $6,073
              



                $26,111
              





                Business Services Connectivity
              



                $1,154
              



                $1,153
              



                $1,181
              



                $1,195
              



                $4,682
              





                $1,233
              



                $1,263
              



                $1,288
              



                $1,276
              



                $5,060
              





                Total Connectivity & Platforms
              



                $7,331
              



                $7,678
              



                $7,556
              



                $7,306
              



                $29,871
              



                $7,844
              



                $7,995
              



                $7,983
              



                $7,349
              



                $31,171
              





                Change
              













                7.0%
              



                4.1%
              



                5.6%
              



                0.6%
              



                4.4%
              





                Constant Currency Change 8














                7.2%
              



                5.0%
              



                6.6%
              



                1.0%
              



                5.0%
              





                Media
              



                $1,418
              



                $1,398
              



                $1,371
              



                $946
              



                $5,133
              



                $1,181
              



                $1,520
              



                $679
              



                $218
              



                $3,598
              





                Studios
              



                $492
              



                $156
              



                $186
              



                $45
              



                $879
              



                $245
              



                ($3)
              



                $551
              



                $168
              



                $961
              





                Theme Parks
              



                ($61)
              



                $221
              



                $434
              



                $674
              



                $1,267
              



                $451
              



                $632
              



                $819
              



                $782
              



                $2,683
              





                Headquarters & Other
              



                ($209)
              



                ($186)
              



                ($248)
              



                ($197)
              



                ($840)
              



                ($191)
              



                ($137)
              



                ($199)
              



                ($353)
              



                ($881)
              





                Eliminations14




                ($210)
              



                ($15)
              



                ($12)
              



                $33
              



                ($205)
              





                ($62)
              



                $23
              



                ($59)
              



                $97
              



                ($2)
              





                Total Content & Experiences
              



                $1,431
              



                $1,573
              



                $1,730
              



                $1,501
              



                $6,234
              



                $1,623
              



                $2,034
              



                $1,791
              



                $911
              



                $6,360
              





                Supplemental Media Detail
              



























                Peacock 15




                ($277)
              



                ($363)
              



                ($520)
              



                ($559)
              



                ($1,718)
              



                ($456)
              



                ($467)
              



                ($614)
              



                ($978)
              



                ($2,515)
              





                Corporate & Other17




                ($358)
              



                ($326)
              



                ($231)
              



                ($416)
              



                ($1,331)
              



                ($235)
              



                ($167)
              



                ($318)
              



                ($288)
              



                ($1,008)
              





                Eliminations14




                $10
              



                $2
              



                ($98)
              



                $21
              



                ($65)
              



                ($82)
              



                ($36)
              



                $26
              



                $28
              



                ($64)
              





                Total Consolidated Adjusted EBITDA
              



                $8,413
              



                $8,927
              



                $8,957
              



                $8,411
              



                $34,708
              



                $9,150
              



                $9,827
              



                $9,482
              



                $8,000
              



                $36,459
              































                Depreciation & Amortization Expense
              



























                Total Consolidated Depreciation & Amortization Expense
              



                $3,362
              



                $3,383
              



                $3,477
              



                $3,581
              



                $13,804
              



                $3,548
              



                $3,469
              



                $3,333
              



                $3,472
              



                $13,821
              










                  Amortization of Acquisition-Related Intangible Assets25




                  $592
                



                  $586
                



                  $603
                



                  $595
                



                  $2,376
                





                  Total Consolidated Depreciation & Amortization Expense Excluding Amortization
                















                  of Acquisition-Related Intangible Assets
                



                  $2,770
                



                  $2,798
                



                  $2,875
                



                  $2,986
                



                  $11,428
                























                  $592
                



                  $568
                



                  $517
                



                  $520
                



                  $2,197
                





                  $2,956
                



                  $2,901
                



                  $2,816
                



                  $2,951
                



                  $11,624
                



















          Page updated on March 13, 2023 for segment changes. See cover page.
        

          See notes on pages 10, 11 and 12. Minor differences may exist due to rounding.
        



          4
        





          Connectivity & Platforms Growth Rates
        

          (unaudited)
        











                  2022
                







                  1Q
                



                  2Q
                



                  3Q
                



                  4Q
                






            FY
          




          Revenue
        




                Domestic Broadband
              



                8.0%
              



                6.8%
              



                5.7%
              



                5.4%
              



                6.5%
              







                Domestic Wireless
              



                32.0%
              



                29.8%
              



                30.8%
              



                24.7%
              



                29.0%
              







                International Connectivity
              



                10.3%
              



                (0.4%)
              



                0.2%
              



                6.3%
              



                4.0%
              







                Residential Connectivity
              



                10.1%
              



                7.8%
              



                7.2%
              



                7.3%
              



                8.1%
              







                Video
              



                (2.3%)
              



                (5.3%)
              



                (8.1%)
              



                (8.4%)
              



                (6.0%)
              







                Advertising
              



                7.2%
              



                (1.4%)
              



                (1.7%)
              



                0.1%
              



                0.9%
              







                Other
              



                (4.9%)
              



                (11.0%)
              



                (11.3%)
              



                (13.5%)
              



                (10.1%)
              







                Residential Connectivity & Platforms
              



                2.7%
              



                (0.6%)
              



                (1.9%)
              



                (1.9%)
              



                (0.4%)
              







                Business Services Connectivity
              



                11.6%
              



                11.1%
              



                10.3%
              



                5.2%
              



                9.5%
              







                Total Connectivity & Platforms
              



                3.6%
              



                0.6%
              



                (0.7%)
              



                (1.2%)
              



                0.6%
              







                Average Monthly Total Revenue Per Customer Relationship
              



                2.4%
              



                0.1%
              



                (1.0%)
              



                (1.3%)
              



                (0.2%)
              






















          Costs & Expenses, Excluding Depreciation & Amortization
        




                Residential Connectivity & Platforms
              



                0.5%
              



                (2.6%)
              



                (5.6%)
              



                (2.5%)
              



                (2.6%)
              





                Business Services Connectivity
              



                18.4%
              



                13.3%
              



                12.0%
              



                3.1%
              



                11.4%
              





                Total Connectivity & Platforms
              



                1.6%
              



                (1.6%)
              



                (4.5%)
              



                (2.1%)
              



                (1.7%)
              





                Supplemental Connectivity & Platforms Detail
              















                Programming
              



                (6.1%)
              



                (9.6%)
              



                (11.9%)
              



                (12.3%)
              



                (9.9%)
              





                Marketing & Promotion
              



                9.8%
              



                1.7%
              



                (4.8%)
              



                (11.4%)
              



                (1.5%)
              





                Direct Product Costs
              



                19.3%
              



                15.4%
              



                14.7%
              



                8.9%
              



                14.2%
              





                Technical & Support
              



                5.1%
              



                2.3%
              



                (2.1%)
              



                (2.9%)
              



                0.5%
              





                Customer Service
              



                (5.2%)
              



                (5.2%)
              



                (4.8%)
              



                (4.5%)
              



                (4.9%)
              










                  Other
                



                  5.6%
                



                  4.2%
                



                  (0.0%)
                



                  17.8%
                





                  Total Connectivity & Platforms
                



                  1.6%
                



                  (1.6%)
                



                  (4.5%)
                



                  (2.1%)
                






            7.2%
          

            (1.7%)
          




          Adjusted EBITDA
        




                Residential Connectivity & Platforms
              



                7.0%
              



                3.2%
              



                5.0%
              



                (0.6%)
              



                3.7%
              





                Business Services Connectivity
              



                6.9%
              



                9.5%
              



                9.0%
              



                6.8%
              



                8.1%
              





                Total Connectivity & Platforms
              



                7.0%
              



                4.1%
              



                5.6%
              



                0.6%
              



                4.4%
              





                Average Monthly Total Adjusted EBITDA Per Customer Relationship
              



                5.7%
              



                3.6%
              



                5.3%
              



                0.4%
              



                3.5%
              




          Page updated on March 13, 2023 for segment changes. See cover page.
        

          See notes on pages 10, 11 and 12. Minor differences may exist due to rounding.
        



          5
        


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Disclaimer
Comcast Corporation published this content on 10 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2023 15:15:10 UTC.