CHAPTER 19
Inferior Businesses with Higher Valuations
We see lots of opportunity in our data connectivity businesses. Residential broadband and business services, which combined generate over $20 billion in revenue per year growing right at around 10% and are accretive to our margins. … In broadband we expect a strong end of the year and are on track to add over 1 million net new customers for the 12th year in a row.
—Brian L. Roberts, Chairman and CEO, Comcast Corporation1
Broadband is a fantastic business for Comcast and many other cable companies. It has become a virtual necessity for most households to enable high-speed internet surfing, video games, virtual assistants like Alexa, and media consumption on an ever-increasing number of devices. ...
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