Comcast Corporation is a global media and technology company operating in the connectivity and platforms, and content and experiences sectors. It provides broadband, wireless, video, and voice services under brands like Xfinity, Comcast Business, and Sky. It also produces, distributes, and streams entertainment, sports, and news through brands like NBC, Telemundo, Universal, Peacock, and Sky. Additionally, Comcast owns and operates Universal theme parks.

Comcast operates through two primary business segments: Connectivity & Platforms and Content & Experiences. The Connectivity & Platforms segment encompasses broadband, wireless, video, and wireline voice businesses in the United States, United Kingdom, and Italy. It also includes Sky-branded entertainment television networks in the UK and Italy. This segment is further divided into Residential Connectivity & Platforms and Business Services Connectivity. The Content & Experiences segment includes media and entertainment businesses producing and distributing content globally, and owning and operating theme parks. This segment operates under Media, Studios, and Theme Parks divisions.

Comcast's competitive advantages include its extensive HFC and fiber network infrastructure, a diverse portfolio of content and channels, and ownership of popular entertainment brands. The company faces competition from other telecommunication companies, streaming services, content providers, and theme park operators.

• Employees: 186,000 (as of December 31, 2023)
• Geographic Footprint: Operates in over 30 countries
• Headquarters: Philadelphia, Pennsylvania
• Founded: 1963 (as the company's auditor since 1963 is mentioned)
• Revenue: $121.57 billion (FY2023)
• Market Cap: $170.21 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Xfinity, Comcast Business, Sky, NBC, Telemundo, Universal, Peacock

• CEO: Brian L. Roberts
• CFO: Jason S. Armstrong
• President: Michael J. Cavanagh
• Chief Communications Officer: Jennifer Khoury
• Chief Accounting Officer and Controller: Daniel C. Murdock
• Chief Legal Officer and Secretary: Thomas J. Reid

• Annual Revenue: $121.57 billion (FY2023)
• Net Income: $15.39 billion (FY2023)
• Market Cap: $170.21 billion (as of June 30, 2023)
• Total Assets: $264.81 billion (FY2023)
• Number of Employees: Approximately 186,000 (as of December 31, 2023)
• Key Financial Highlights (FY2023):
  • Revenue increased 0.1% year-over-year
  • Net income attributable to Comcast Corporation increased 186.5% year-over-year
  • Adjusted EBITDA increased 3.2% year-over-year
  • Repurchased 262 million shares of Class A common stock for $11.0 billion
  • Raised dividend by $0.08 to $1.16 per share

Comcast offers a wide range of products and services across its two primary business segments:

• Connectivity & Platforms:
  • Residential: High-speed broadband internet, wireless phone services, video services (including X1 and Sky Q platforms, DVR, on-demand), wireline voice services, home security and automation, Xumo Stream Box, and Wi-Fi hotspots.
  • Business: Broadband internet, ethernet network services, advanced voice services, software-defined networking, cloud-based cybersecurity, wireless backup connectivity, advanced Wi-Fi, video monitoring, and other cloud-based services.
• Content & Experiences:
  • Media: National and regional cable networks (e.g., USA Network, Syfy, Bravo, CNBC), NBC and Telemundo broadcast networks, local broadcast television stations, Peacock streaming service, and Sky Sports networks.
  • Studios: Film and television production and distribution (Universal Pictures, Illumination, DreamWorks Animation), licensing of film and television content.
  • Theme Parks: Operation of Universal theme parks and resorts (Universal Orlando Resort, Universal Studios Hollywood, Universal Studios Japan, Universal Beijing Resort).

Comcast operates under two primary business segments, each with its own reportable segments:

• Connectivity & Platforms:
  • Residential Connectivity & Platforms
  • Business Services Connectivity
• Content & Experiences:
  • Media
  • Studios
  • Theme Parks

Revenue and Adjusted EBITDA contribution by segment for FY2023:

• Connectivity & Platforms: $81.20 billion revenue, $32.24 billion Adjusted EBITDA
• Content & Experiences: $43.19 billion revenue, $6.70 billion Adjusted EBITDA

Comcast's business strategy focuses on several key areas:

• Network Investment: Continuously evolving and enhancing network capabilities, including deployment of DOCSIS 4.0 for multigigabit speeds and expansion of fiber-to-the-premises offerings.
• Growth in Connectivity: Focusing on growth in higher-margin connectivity businesses (broadband and wireless) while managing overall operating costs.
• Streaming Expansion: Expanding the reach and content offerings of Peacock streaming service to mitigate declines in traditional video viewership.
• Content Creation and Licensing: Investing in the creation and acquisition of high-quality content for both linear networks and streaming platforms.
• Theme Park Development: Investing in existing and new theme park attractions and experiences, including the development of Epic Universe in Orlando and a smaller-scale park in Frisco, Texas.
• Strategic Acquisitions: Pursuing strategic acquisitions to expand market reach and enhance service offerings (e.g., Masergy).

Comcast operates in highly competitive and dynamic industries, including telecommunications, media and entertainment, and theme parks. Key competitors include other telecommunication companies (AT&T, Verizon), streaming services (Netflix, Disney+), content providers (Disney, Warner Bros. Discovery), and other theme park operators.

Key market trends affecting Comcast's business include the shift from traditional video consumption to streaming services, increasing competition in the broadband market from fiber and wireless providers, and the growing demand for high-quality content and immersive experiences.

• Intense Competition: Comcast faces competition from numerous companies in its various lines of business, which could negatively impact market share and profitability.
• Changing Consumer Behavior: The shift towards streaming services and other forms of entertainment poses a challenge to traditional video services and requires continuous adaptation.
• Cybersecurity Threats: Increasingly sophisticated cyberattacks and data breaches could disrupt operations and compromise sensitive information.
• Dependence on Third-Party Vendors: Reliance on third-party vendors for hardware, software, and operational support creates vulnerabilities in the supply chain.
• Economic Conditions: Weak economic conditions can negatively impact consumer spending and advertising revenue, affecting various segments of the business.