Comcast said Media segment total revenue included $1.2 billion related to Peacock for the 3 months ended March 31, 2025 and $1.1 billion for the same period in 2024. Peacock paid subscribers were 41 million as of March 31, 2025 and 34 million as of March 31, 2024.

10-QQuarterly reportFiled Apr 24, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Comcast said Media segment total revenue included $1.2 billion related to Peacock for the 3 months ended March 31, 2025 and $1.1 billion for the same period in 2024. Peacock paid subscribers were 41 million as of March 31, 2025 and 34 million as of March 31, 2024.
The company said Media segment total costs and expenses included $1.4 billion related to Peacock for the 3 months ended March 31, 2025 and $1.7 billion for the same period in 2024. It cited lower sports programming costs at Peacock and domestic television networks as a factor in the decrease in programming and production costs.
Comcast said customer relationship additions and losses continue to be negatively impacted by an increasingly competitive environment. It added that it expects continued declines in video revenue due to domestic customer net losses.
The company said the available amount under its revolving credit facility as of March 31, 2025, after deducting the commercial paper program balance and letters of credit and bank guarantees, was $11.8 billion. It also said it was in compliance with its leverage financial covenant, defined as the debt-to-EBITDA ratio, as of that date and expects to remain in compliance.

Key figures

Quarter ended March 31, 2025

Revenue: $29.9B
Operating income: $5.7B
Net income: $3.4B
EPS: $0.89
Operating cash flow: $8.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Peacock Revenue and Paid Subscribers

Comcast said Media segment total revenue included $1.2 billion related to Peacock for the 3 months ended March 31, 2025 and $1.1 billion for the same period in 2024. Peacock paid subscribers were 41 million as of March 31, 2025 and 34 million as of March 31, 2024.

Source · Based on the MD&A text of the filing

Peacock Costs and Media Programming Costs

The company said Media segment total costs and expenses included $1.4 billion related to Peacock for the 3 months ended March 31, 2025 and $1.7 billion for the same period in 2024. It cited lower sports programming costs at Peacock and domestic television networks as a factor in the decrease in programming and production costs.

Source · Based on the MD&A text of the filing

Connectivity & Platforms Outlook

Comcast said customer relationship additions and losses continue to be negatively impacted by an increasingly competitive environment. It added that it expects continued declines in video revenue due to domestic customer net losses.

Source · Based on the MD&A text of the filing

Available Revolving Credit Facility as of March 31, 2025

The company said the available amount under its revolving credit facility as of March 31, 2025, after deducting the commercial paper program balance and letters of credit and bank guarantees, was $11.8 billion. It also said it was in compliance with its leverage financial covenant, defined as the debt-to-EBITDA ratio, as of that date and expects to remain in compliance.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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