Company profile
SEC EDGAR ↗- Industry
- Cable & Other Pay Television Services
- Listed
- Nasdaq: CMCSA
- Incorporated
- PA
- Headquarters
- Philadelphia, PA
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $123.7B
- Net income
- $20.0B
- Total assets
- $272.6B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $123.7B | $20.0B | $272.6B |
| FY2024 | $123.7B | $16.2B | $266.2B |
| FY2023 | $121.6B | $15.4B | $264.8B |
| FY2022 | $121.4B | $5.37B | $257.3B |
| FY2021 | $116.4B | $14.2B | $275.9B |
| FY2020 | $103.6B | $10.5B | $273.9B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
The analyses
The Adjacency Expansion · Growth & Portfolio
Comcast Spent a Decade Buying the Content Its Pipes Carried. Now It's Giving the Pipes Their Walking Papers.
Comcast paid $13.8 billion for control of NBCUniversal in 2011 to own what its cable ran. By 2026 it spun the cable networks off into a company called Versant—proof that adjacency value expires when the logic that justified it does.
8 min
The Cannibalization Choice · Decision Forks
Peacock Lost $11B+ While Pay-TV Fell From 80% to 34% — the Bet Was Bigger Than TV
Everyone calls Peacock a cannibal: $11B+ in losses since 2020 to kill Comcast's own cable business. But cable was dying regardless — pay-TV fell from 80% to 34% penetration. The real bet was never about TV.
8 min