2024-04-25 11:52:10 ET
Comcast Corporation (CMCSA)
Q1 2024 Earnings Conference Call
April 25, 2024 8:30 am ET
Company Participants
Brian Roberts - Chairman, Chief Executive Officer
Mike Cavanagh - President
Jason Armstrong - Chief Financial Officer
Dave Watson - President, Chief Executive Officer, Comcast Cable
Marci Ryvicker - Executive Vice President, Investor Relations
Conference Call Participants
Ben Swinburne - Morgan Stanley
Craig Moffett - Moffet Nathanson
Jessica Reif Ehrlich - Bank of America Securities
John Hodulik - UBS
Steven Cahall - Wells Fargo
Jonathan Chaplin - New Street Research
Presentation
Operator
Good morning ladies and gentlemen, and welcome to Comcast’s first quarter earnings conference call.
At this time, all participants are in a listen-only mode. Please note this conference call is being recorded.
I’ll now turn the call over to Executive Vice President, Investor Relations, Ms. Marci Ryvicker. Please go ahead, Ms. Ryvicker.
Marci Ryvicker
Thank you Operator, and welcome everyone. Joining us on today’s call are Brian Roberts, Mike Cavanagh, Jason Armstrong and Dave Watson.
I will now refer you to Slide 2 of the presentation accompanying this call, which can also be found on our Investor Relations website and which contains our Safe Harbor disclaimer. This conference call may include forward-looking statements subject to certain risks and uncertainties. In addition, during this call we will refer to certain non-GAAP financial measures. Please see our 8-K and trending schedule issued earlier this morning for the reconciliations of these non-GAAP financial measures to GAAP.
With that, I’ll turn the call over to Mike.
Mike Cavanagh
Thanks Marci, and good morning everyone.
Across the company, our team is managing extremely well in a highly competitive and evolving marketplace. We have a clear vision for how we are going to compete now and into the future, combined with a sharp focus on execution. Equally important, our disciplined capital allocation strategy coupled with our strong balance sheet puts us in an enviable position relative to our peers to invest organically and aggressively in our six scaled and diverse growth businesses, namely residential broadband, wireless, business services, theme parks, studios, and streaming. These businesses comprise more than 55% of the company’s total revenue today, and that proportion will only grow over time....
Read the full article on Seeking Alpha
For further details see:
Comcast (CMCSA) Q1 2024 Earnings Call Transcript