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CLAIM #15393 · Comcast Corp (CMCSA) · 2024Q3 earnings call · Oct 31, 2024 · due Jan 31, 2025

From what we can see today, the potential impact looks like it could be really significantly less than the impact from Hurricane Ian in 2022 in terms of both subscriber and financial impacts.

David Watson · President, Cable Communications

PENDING
graded after results covering Jan 31, 2025 are reported

In context

end with great content, being easy and simple to access, and people are highly engaged. And so, it was a, overall, good plan, but that drove consideration unique to that timeframe. And the third one was the AT&T labor work stoppage. It was limited to part of their footprint, and it was I think about a 30-day thing. Not a major driver, but it did have an impact. So, if you exclude the incremental benefits of the Olympics and the competitor's work stoppage as well as the ACP impact, while it is tough to completely pinpoint, our best estimate is HSD subs would have been slightly worse than last year's Q3. So, then you shift to Q4 to your question, and let me remind you and everyone, first off, we had two hurricanes impact some of our cable systems. And while we're still assessing the impact. From what we can see today, the potential impact looks like it could be really significantly less than the impact from Hurricane Ian in 2022 in terms of both subscriber and financial impacts. But we don't have an exact number to share at this moment, but there'll be some impact tied to the two hurricanes. Also, in Q4, while the return of seasonals to the southeast usually provides a good tailwind, not like back-to-school, but still a nice impact, we'll have to see what the potential impact we see with this activity due to the hurricanes. So, going to Q4, the underlying environment remains the same, very competitive, but remind you also that we expect churn to continue to remain at low levels as we focus on retention channel management, our segmented approach and leveraging offers and product packaging with mobile being front and center, but leveraging everything, including new video products like NOW TV, NOW Latino and StreamSaver, all surrounding broadband with good value. So

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SEC filings for CMCSA · Claim quote is verbatim from the 2024Q3 earnings call.