COMCAST CORP (CCZ) SEC Filings

COMCAST CORP (CCZ) reported that Chairman of the Board & Co-CEO Brian L. Roberts made non-market dispositions of equity interests. On September 2, 2026, he made a bona fide gift of 101,900 shares of Class A Common Stock, leaving 5,391,826 shares held directly. On September 1, 2026, a discretionary transaction under Rule 16b-3(f) reduced a deferred award of 382,860 Restricted Stock Units tied to Class A Common Stock, with no RSUs remaining from that award; the units represented contingent rights to receive an equal number of shares and had been previously deferred and notionally reinvested in another investment plan. Roberts also reports indirect holdings of Class A Common Stock, including 286,044 shares by his spouse and 15,772,421 shares by trusts.

COMCAST CORP (CCZ) director Edward D. Breen reported a bona fide gift of 62,440 shares of Class A Common Stock on 2026-08-17. The shares were transferred to a GRAT, as noted in the footnote. Following this transfer, Breen’s directly held Class A shares total 27,337.277.

Capital World Investors, a division of Capital Research and Management Company and its investment management affiliates, reports beneficial ownership of Comcast Corp. common stock. The group is deemed to beneficially own 106,085,214 shares, representing 3.0% of the class, based on 3,562,784,182 shares believed outstanding.

The filer reports sole voting power over 103,914,506 shares and sole dispositive power over 106,085,214 shares, with no shared voting or dispositive power. The filing states ownership of 5 percent or less of the class, reflecting its status below the 5% reporting threshold under the beneficial ownership rules.

Comcast Corporation is conducting an Exchange Offer to swap up to $1,172,013,000 aggregate principal amount of new registered 5.168% Notes due 2037 for any and all outstanding unregistered 5.168% Notes due 2037. The new notes are unsecured, unsubordinated obligations, fully and unconditionally guaranteed by NBCUniversal Media, LLC and Comcast Cable Communications, LLC, and otherwise have substantially identical terms to the Original Notes, but are registered under the Securities Act and are not subject to transfer restrictions or registration-rights provisions.

The Exchange Offer expires at 5:00 p.m., New York City time, on September 4, 2026, unless extended or earlier terminated, and Original Notes must be tendered in minimum denominations of $2,000 and multiples of $1,000. Interest on the Exchange Notes accrues from July 15, 2026 and is payable semiannually on January 15 and July 15, beginning January 15, 2027. Holders whose notes are accepted waive rights to accrued but unpaid interest on Original Notes, except where the relevant record date occurs before completion. Comcast will receive no cash proceeds; Original Notes exchanged will be retired and canceled.

The Exchange Notes will not be listed on any national securities exchange, and no active trading market is assured. Holders who do not exchange will retain restricted Original Notes, which may become less liquid and will generally lose registration rights, while future repurchases of remaining Original Notes may occur on terms different from this offer.

Brian L Roberts, Chairman of the Board and Co-CEO of Comcast Corp, transferred 204,100 shares of Class A Common Stock as a bona fide gift on 2026-08-05. After this gift he held 5,493,726 shares directly, plus indirect holdings of 286,044 shares by spouse and 15,772,421 shares by trusts.

COMCAST CORP (CCZ) is registering an offer to exchange up to $1,172,013,000 aggregate principal amount of new registered 5.168% Notes due 2037 for any and all outstanding unregistered notes of the same series. The new Exchange Notes are unsecured, unsubordinated obligations of Comcast and are fully and unconditionally guaranteed by NBCUniversal Media, LLC and Comcast Cable Communications, LLC.

The Exchange Notes have substantially identical terms to the Original Notes, except they are registered under the Securities Act and are free of transfer restrictions and registration-rights provisions. Interest at 5.168% accrues from July 15, 2026 and is payable semi-annually on January 15 and July 15, starting January 15, 2027. Comcast will not receive cash proceeds; Original Notes accepted in the exchange will be retired and canceled.

The Exchange Offer expires at 11:59 p.m., New York City time, on [●], 2026, unless extended or earlier terminated, and is subject to customary conditions, including effectiveness of the registration statement. Original Notes may be tendered in minimum denominations of $2,000 and multiples of $1,000. The Exchange Notes will not be listed on any securities exchange, and no active trading market is assured.

Comcast Corporation reported for the three months ended June 30, 2026 revenue of $29,940 million, down 1.2% year over year, and six‑month revenue of $61,396 million, up 2.0%. Net income attributable to Comcast fell to $3,526 million for the quarter and $5,699 million year to date, with diluted EPS of $0.99 and $1.59, mainly because prior‑year results included a $9.4 billion gain on the Hulu sale and much higher investment income.

Connectivity & Platforms revenue declined 3.0% in the quarter to $19,795 million and Adjusted EBITDA decreased 5.7%, reflecting lower domestic broadband and video revenue and continued residential customer losses, partly offset by growth in Business Services Connectivity. Content & Experiences revenue rose 22.9% to $10,728 million, led by Media and Studios, which benefited from the Milan Cortina Olympics, the Super Bowl, the FIFA World Cup and stronger theatrical releases. Peacock generated $1.9 billion of segment revenue in the quarter and had 48 million paid subscribers as of June 30, 2026.

Strategically, Comcast completed the tax‑free Versant Separation on January 2, 2026, distributing one Versant share for every 25 Comcast shares and transferring about $12.5 billion of assets and $4.3 billion of liabilities. Versant paid Comcast $2.25 billion of cash that helped redeem approximately $2.75 billion of notes. Comcast also sold its Sky operations in Germany and has announced an intended tax‑free spin‑off of NBCUniversal and Sky, expected in mid‑2027 subject to approvals. Debt carrying value decreased to $90.4 billion, and net cash from operating activities was $14,983 million for the first half of 2026.

Comcast reported second quarter 2026 revenue of $29,940 million, down 1.2% year over year, and net income attributable to Comcast of $3,526 million, versus $11,123 million a year ago, when results included a $9.4 billion gain on the sale of its Hulu interest. Adjusted net income was $3,710 million and Adjusted EBITDA $8,902 million, declines of 20.3% and 13.4%, while Free Cash Flow rose 2.3% to $4,604 million.

On a pro forma basis reflecting the completed Versant separation and sale of Sky operations in Germany, revenue increased 4.7% and Adjusted EBITDA decreased 5.3%. Connectivity & Platforms softened as residential Connectivity & Platforms Adjusted EBITDA fell 8.0% and total residential customer relationships declined by 230,000, though Business Services Connectivity revenue grew 3.7% and Adjusted EBITDA grew 5.0%. Domestic wireless remained a growth driver, with 448,000 net additions and total wireless lines reaching 10.2 million.

Content & Experiences performed strongly: revenue rose 22.9% to $10,728 million, driven by Media and Studios, and Peacock achieved its first profitable quarter with $1.9 billion of revenue and $189 million of Adjusted EBITDA, supported by the FIFA World Cup and NBA programming. Comcast generated $8,092 million of net cash provided by operating activities, paid $1.2 billion in dividends, repurchased 33.8 million shares for $900 million, and returned a total of $2.1 billion to shareholders. It announced its intention to separate into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky and to pause share repurchases during this process.