Comcast Corporation (NASDAQ:CMCSA) Q3 2024 Earnings Conference Call October 31, 2024 8:30 PM ET
Company Participants
Marci Ryvicker - Executive Vice President, Investor Relations
Mike Cavanagh - President
Jason Armstrong - Chief Financial Officer
Dave Watson - President & Chief Executive Officer, Comcast Cable
Brian Roberts - Chairman & Chief Executive Officer
Conference Call Participants
Ben Swinburne - Morgan Stanley
Craig Moffett - MoffettNathanson
Michael Ng - Goldman Sachs
John Hodulik - UBS
Jessica Reif Ehrlich - Bank of America Securities
Jonathan Chaplin - New Street
Steven Cahall - Wells Fargo
Operator
Good morning, ladies and gentlemen, and welcome to Comcast Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Please note that this conference call is being recorded.
I will 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, Marcy, and good morning.
Before I hand it over to Jason, I'll touch on a few topics that are top of mind for me as we report our third quarter results and head into the home stretch of 2024. First is convergence, second is Epic Universe and third is Media.
On convergence, which we define as the combination of ubiquitous high-speed Internet along with wireless phone, by that definition, we are positioned to win. And that is because, today, we have 63 million homes and businesses already able to receive gig-plus broadband speed and we also offer wireless service everywhere we provide broadband.
This reach far exceeds the fiber footprints of the largest three telecom companies combined, and our footprint is growing at a rapid pace. In fact, we've extended our network to more than 1.2 million additional homes and businesses over the last 12 months, a 50%-plus increase over what we were able to do just two years ago. So, even accounting for the announced fiber buildout plans of those three wireless companies, we expect to maintain this lead well into the future.