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Comcast Corporation operates as a media and technology company worldwide. The company operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. Its Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services; and ethernet network services for medium-sized customers and larger enterprises. Its Media segment operates NBCUniversal's national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. The company also operates international television networks comprising the Sky Sports networks, as well as other digital properties. Its Studios segment operates NBCUniversal and Sky film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. It also offers a consolidated streaming platforms under the Philadelphia Flyers and the Xfinity Mobile Arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $123.7B | $46.4B | $20.0B | $19.2B | 20.6% | -0.0% | 23.5% |
| 2024 | $123.7B | $37.6B | $16.2B | $12.5B | 18.9% | 1.8% | 5.2% |
| 2023 | $121.6B | $38.9B | $15.4B | $13.0B | 18.6% | 0.1% | 186.6% |
| 2022 | $121.4B | $27.0B | $5.4B | $12.6B | 6.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 121,427 | 121,572 | 123,731 | 123,707 |
| Operating Revenue | - | 121,427 | 121,572 | 123,731 | 123,707 |
| Cost Of Revenue | - | 38,213 | 36,762 | 37,026 | 34,951 |
| Gross Profit | - | 83,214 | 84,810 | 86,705 | 88,756 |
| Operating Expense | - | 60,590 | 61,497 | 63,407 | 68,086 |
| Selling General And Administration | - | 8,506 | 7,971 | 8,073 | 8,862 |
| Total Expenses | - | 98,803 | 98,259 | 100,433 | 103,037 |
| Operating Income | - | 22,624 | 23,313 | 23,298 | 20,670 |
| Total Operating Income As Reported | - | 14,041 | 23,314 | 23,297 | 20,672 |
| EBITDA | - | 27,001 | 38,901 | 37,609 | 46,386 |
| Normalized EBITDA | - | 35,904 | 39,031 | 37,922 | 36,292 |
| EBIT | - | 13,180 | 24,565 | 22,807 | 30,175 |
| Interest Expense | - | 3,896 | 4,087 | 4,134 | 4,409 |
| Net Interest Income | - | -3,896 | -4,087 | -4,134 | -4,409 |
| Other Non Operating Income Expenses | 211 | -3 | 592 | 502 | - |
| Other Income Expense | - | -9,443 | 1,251 | -491 | 9,503 |
| Interest Expense Non Operating | - | 3,896 | 4,087 | 4,134 | 4,409 |
| Net Non Operating Interest Income Expense | - | -3,896 | -4,087 | -4,134 | -4,409 |
| Pretax Income | - | 9,284 | 20,478 | 18,673 | 25,766 |
| Tax Provision | - | 4,359 | 5,371 | 2,796 | 6,106 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1,869.63 | -34.06 | -46.95 | 2,392.28 |
| Net Income Continuous Operations | - | 4,925 | 15,107 | 15,877 | 19,660 |
| Net Income From Continuing And Discontinued Operation | - | 5,370 | 15,388 | 16,192 | 19,998 |
| Net Income From Continuing Operation Net Minority Interest | - | 5,370 | 15,388 | 16,192 | 19,998 |
| Net Income | - | 5,370 | 15,388 | 16,192 | 19,998 |
| Net Income Common Stockholders | - | 5,370 | 15,388 | 16,192 | 19,998 |
| Net Income Including Noncontrolling Interests | - | 4,925 | 15,107 | 15,877 | 19,660 |
| Normalized Income | - | 12,403.37 | 15,483.94 | 16,458.05 | 12,296.28 |
| Diluted NI Availto Com Stockholders | - | 5,370 | 15,388 | 16,192 | 19,998 |
| Basic Average Shares | - | 4,220.12 | 3,978.76 | 3,787.75 | 3,604.21 |
| Diluted Average Shares | - | 4,430 | 4,148 | 3,908 | 3,709 |
| Reconciled Depreciation | - | 13,821 | 14,336 | 14,802 | 16,210 |
| Reconciled Cost Of Revenue | - | 38,213 | 36,762 | 37,025 | 34,952 |
| Total Unusual Items | - | -8,903 | -130 | -313 | 10,094 |
| Total Unusual Items Excluding Goodwill | - | -8,903 | -130 | -313 | 10,094 |
| Minority Interests | - | 445 | 282 | 315 | 338 |
| Special Income Charges | 0 | -8,583 | 0 | 0 | - |
| Impairment Of Capital Assets | 0 | 8,583 | 0 | 0 | - |
| Gain On Sale Of Security | - | -320 | -130 | -313 | 10,094 |
| Depreciation Amortization Depletion Income Statement | - | 13,821 | 14,336 | 14,801 | 16,211 |
| Depreciation And Amortization In Income Statement | - | 13,821 | 14,336 | 14,801 | 16,211 |
| General And Administrative Expense | 35,619 | 38,263 | 39,190 | - | - |
| Other Gand A | 35,619 | 38,263 | 39,190 | - | - |
| Other Operating Expenses | - | 38,263 | 39,190 | 40,533 | 43,013 |
| Selling And Marketing Expense | - | 8,506 | 7,971 | 8,073 | 8,862 |
| Earnings From Equity Interest | - | -537 | 789 | -680 | -591 |
| Amortization | - | 5,097 | 5,482 | 6,072 | 6,884 |
| Amortization Of Intangibles Income Statement | - | 5,097 | 5,482 | 6,072 | 6,884 |
| Depreciation Income Statement | - | 8,724 | 8,854 | 8,729 | 9,327 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Comcast Corporationthis co. | CMCSA | $83.3B | 4.17↓ discount | 0.86 | 20.6% | 3.73 |
| Warner Bros. Discovery, Inc. | WBD | $67.7B | 93.11 | 1.88 | 2.0% | 4.50 |
| Electronic Arts Inc. | EA | $51.0B | 57.50 | 7.54 | 13.1% | 31.86 |
| Take-Two Interactive Software, Inc. | TTWO | $40.2B | -134.89 | 11.46 | -8.5% | 33.54 |
| TKO Group Holdings, Inc. | TKO |
| - |
| - |
| - |
| - |
| - |
| - |
| $38.7B |
| 198.06 |
| 10.36 |
| 5.2% |
| 31.75 |
| Live Nation Entertainment, Inc. | LYV | $37.5B | 75.55 | 138.26 | 183.0% | 20.54 |
| EchoStar Corporation | SATS | $36.1B | -2.49 | 6.26 | -251.4% | -4.08 |
| Fox Corporation | FOXA | $27.5B | 12.17 | 2.30 | 18.9% | 7.70 |
| Fox Corporation | FOX | $24.7B | 10.90 | 2.06 | 18.9% | 6.96 |
| Peer Median | - | 34.83 | 6.90 | 9.2% | 14.12 | |