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Comcast Corp 10-Q Filings

CMCSA NASDAQ

Every 10-Q that Comcast Corp (CMCSA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CMCSA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CMCSA filings page.

Rhea-AI Summary

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.

Rhea-AI Summary

Comcast Corporation reported mixed results for the quarter ended March 31, 2026. Revenue rose 5.3% to $31.5 billion, driven mainly by strong growth in the Media, Studios and Theme Parks segments, helped by the Milan Cortina Olympics and the Super Bowl.

Net income attributable to Comcast fell 35.6% to $2.2 billion, and diluted EPS declined to $0.60 as programming and production costs jumped 29.3% and investment income swung to a larger loss, largely tied to equity-method investee Atairos. Adjusted EBITDA declined 16.8% to $7.9 billion.

During the quarter Comcast completed the tax-free spin-off of Versant Media Group, distributing one Versant share for every 25 Comcast shares and removing about $12.5 billion of Versant assets and $4.3 billion of liabilities. Versant paid Comcast $2.25 billion, which, with cash on hand, was used to redeem roughly $2.75 billion of notes, reducing total debt to $94.6 billion.

Rhea-AI Summary

Comcast Corporation reported Q3 2025 results with revenue of $31.198 billion, down 2.7% year over year, and operating income of $5.534 billion. Net income attributable to Comcast was $3.332 billion, and diluted EPS was $0.90. Adjusted EBITDA was $9.669 billion. Segment trends were mixed: Connectivity held relatively steady while Media declined, reflecting softer advertising and distribution, partially offset by Theme Parks growth.

For the first nine months, revenue was $91.397 billion and net income attributable to Comcast rose to $17.830 billion, primarily driven by a $9.4 billion pre‑tax gain on the sale of Comcast’s 33% interest in Hulu. Operating cash flow reached $24.802 billion, funding $8.001 billion of capital expenditures, $5.618 billion of share repurchases, and $3.685 billion of dividends. As of October 15, 2025, shares outstanding were 3,634,450,130 Class A and 9,444,375 Class B. Debt had a $99.1 billion carrying value and $91.7 billion estimated fair value as of September 30, 2025.

Rhea-AI Summary

Comcast’s Q2 2025 10-Q shows modest top-line growth but results are dominated by a one-time Hulu gain. Revenue rose 2.1% YoY to $30.3 bn as Connectivity & Platforms remained flat (+0.7%) and Content & Experiences climbed 5.6% on a 18.9% surge at Theme Parks following Epic Universe’s May opening. Programming and production spend fell 4.8%, yet total costs rose 5.5%, compressing operating income 9.7% to $6.0 bn.

Bottom-line benefited from portfolio actions. A $9.4 bn pre-tax gain on the sale of the 33% Hulu stake propelled investment & other income to $9.8 bn, driving net income attributable to Comcast to $11.1 bn (EPS $2.98) versus $3.9 bn (EPS $1.00) a year ago. Adjusted EBITDA edged up 1.1% to $10.3 bn.

Cash & balance sheet. Six-month operating cash flow jumped 28% to $16.1 bn, comfortably covering $4.9 bn capex, $4.1 bn share buybacks and $2.5 bn dividends. Net debt rose slightly to $101.5 bn carrying value; fair value sits at $93.3 bn. Cash ended at $9.7 bn, augmented by Hulu proceeds.

Strategic moves. Comcast closed the $1.3 bn cash purchase of managed-network provider Nitel, folded into Business Services Connectivity, and reaffirmed plans to spin off Versant Media Group by end-2025.

  • Domestic broadband customers –426k YTD; video customers –751k YTD.
  • Theme Parks revenue $2.35 bn (+19%); Studios revenue +8% to $2.43 bn.
  • Quarterly dividend declared $0.33; 40 m RSUs granted at $35.78.