Sector: Communication Services|Industry: Telecom Services|Market Cap: $153.98B|Employees: 186K
Comcast Corporation is a global media and technology company. They operate through two main segments: Connectivity & Platforms, which provides broadband, wireless, video, and voice services, and Content & Experiences, which produces and distributes entertainment, sports, and news content. Comcast is a large player in the US and international markets, with competitive advantages in its extensive network infrastructure and diverse content portfolio.
Total revenue remained relatively flat at $121.6 billion in 2023 compared to $121.4 billion in 2022, indicating a lack of significant growth in the top line.
Adjusted EBITDA margin increased to 30.9% in 2023 from 30.0% in 2022, suggesting some improvement in profitability despite flat revenue.
Net income attributable to Comcast Corporation increased to $15.4 billion in 2023 from $5.4 billion in 2022, primarily due to a decrease in goodwill and long-lived asset impairments.