Comcast Corporation (NASDAQ:CMCSA) Q2 2023 Earnings Call Transcript

Jason Armstrong: Yes. Jonathan, thanks for the question on wireless, can’t speak to Verizon and their revenue trajectory. I know they have got a few different things in the wholesale revenue category beyond just cable. But I can speak to obviously the economics of our business. We are happy with it. We think it’s good business for Verizon. What they said yesterday as they think about traffic and ways to fill up their network. But for us specifically, we’ve got a revenue stream coming in from customers. We have a wholesale deal with Verizon to accommodate that traffic where there is outflows, but then, we are also trying to offload as much traffic as we can on our own network. We’ve got a fairly efficient acquisition vehicle.

And a lot of this is just marketed to our own broadband subscriber. So, in terms of acquisition cost, I think we are fairly efficient in the market. And then all the way down sort of closer to cash flow, this is a capital-light model, which we like. So, I will leave it there.

Marci Ryvicker: Thank you, Jonathan, and thank you everyone for joining us on our second quarter call.

Operator: That concludes the question-and-answer session, and today’s conference call. A replay of the call will be available starting at 11:30 AM Eastern Time today on Comcast Investor Relations Web site. Thank you for participating. You may all disconnect.