MAAT INDEX

CLAIM #15224 · Comcast Corp (CMCSA) · 2023Q1 earnings call · Apr 27, 2023 · due Dec 31, 2023

You saw us do this all of last year and in the first quarter, and I expect this trend to continue.

Mike Cavanagh · President

PENDING
graded after results covering Dec 31, 2023 are reported

In context

gment based on their needs at this moment in time. Our approach is to compete rationally. We know how to segment the market. We have packages that cater to customers who want the very fastest speeds and premium features and others that are more targeted to those looking for value-oriented solutions. We trialed a couple of offers targeted to this lower end during the quarter. We were pleased with the results and will continue to remain nimble and respond competitively in each segment. In the meantime, as the residential connectivity market and macroeconomic environment continue to evolve, our focus will be on serving our existing base, growing broadband ARPU, increasing our penetration and wireless and making proactive investments to expand our footprint at the fastest pace in our history. You saw us do this all of last year and in the first quarter, and I expect this trend to continue. Our second major growth opportunity, business services, which is approaching $10 billion in annual revenue, is growing at mid-single digits with newly reported margins just shy of 60% and delivering adjusted EBITDA growth in the high single digit range. Here too our advanced and adaptable network infrastructure is much better suited to serving commercial and government locations compared to the legacy wire line and wireless providers. We move fast and are more capable of reliably and cost effectively meeting our customer's needs. We already have over 2.5 million domestic business customers, more than any other competitor and are targeting a $50 billion market opportunity within our footprint and a $70 billion to $100 billion total market opportunity that we can now go after by leveraging

Verify independently

SEC filings for CMCSA · Claim quote is verbatim from the 2023Q1 earnings call.