Comcast

Comcast Corporation stands as one of the world's largest media and technology conglomerates, headquartered in Philadelphia, Pennsylvania. With a 60-year history dating back to 1963, the company has evolved from a small cable television operator serving 1,200 subscribers in Tupelo, Mississippi, to a global powerhouse generating over $123 billion in annual revenue and employing 182,000 people worldwide. The company operates through three primary business segments: Comcast Cable (branded as Xfinity), which serves as America's largest cable television and residential internet service provider; NBCUniversal, encompassing broadcast television networks, cable channels, film studios, theme parks, and the Peacock streaming service; and Sky, providing pay television and telecommunications services across Europe.

Comcast Cable, operating under the Xfinity brand, represents the company's core connectivity business serving residential and commercial customers across the United States. The division provides high-speed internet with speeds ranging from 300 Mbps to 2 Gig in select markets, cable television service with extensive on-demand and streaming content, voice communication services with unlimited nationwide calling, and Xfinity Mobile wireless service leveraging Verizon's network infrastructure. As of Q4 2024, Comcast surpassed 7.8 million mobile lines across Xfinity Mobile and Comcast Business Mobile, adding 1.2 million new wireless customers during the year. The connectivity segment achieved 5% revenue growth in 2024 despite losing 139,000 residential broadband customers in Q4, reflecting intensifying competition in the broadband market.

NBCUniversal represents Comcast's extensive media and entertainment portfolio, including the NBC broadcast network, Telemundo Spanish-language network, major cable channels (USA Network, CNBC, MSNBC, Bravo, E!, Syfy, Golf Channel), Universal Pictures film studio, Universal Parks & Resorts theme parks, and the Peacock streaming platform. The Content and Experiences business grew revenue 5% to $12.08 billion in Q4 2024, driven by 46% revenue growth at Peacock fueled by diverse sports and entertainment content including the Paris Olympics. In a major strategic restructuring announced in November 2024, Comcast greenlit the spin-off of most cable networks (USA Network, CNBC, MSNBC, Oxygen, E!, Syfy, Golf Channel) along with digital assets like Fandango and Rotten Tomatoes into a separate publicly traded company called Versant, expected to complete in 2025. This allows NBCUniversal to focus on growth drivers including NBC broadcast, Peacock streaming, Bravo, filmed entertainment, television studios, and theme parks.

Under the leadership of Chairman and CEO Brian L. Roberts (who will become Co-CEO in January 2026 alongside Michael J. Cavanagh), Comcast continues to adapt to rapidly changing media consumption patterns and competitive dynamics. The company achieved record financial performance in 2024 with revenue of $123.73 billion, significant adjusted EBITDA of $38 billion, and strong free cash flow generation. Strategic priorities include accelerating wireless growth (targeting more aggressive mobile line additions), stabilizing broadband through superior network quality and customer experience, scaling Peacock as a leading streaming platform, and optimizing the media portfolio through the cable network spin-off. Comcast increased its annual dividend by 6.5% to $1.32 per share for 2025 and authorized a new $15 billion share repurchase program, demonstrating confidence in long-term value creation despite near-term headwinds in traditional cable businesses.