Comcast Corporation

Overview

Comcast is a global media and technology company that delivers connectivity and platform services, and creates content and experiences. Its core offerings are organized into two businesses: Connectivity & Platforms (residential broadband, wireless, video, voice, and Sky-branded networks and platforms) and Content & Experiences (media and entertainment content, studios, and Universal theme parks).

On January 2, 2026, Comcast completed the separation of Versant Media Group, Inc. (ticker: VSNT) into an independent company. Versant included MS NOW (MSNBC), CNBC, USA Network, Golf Channel, E!, SYFY, Oxygen, and digital platforms GolfNow, Fandango, Rotten Tomatoes, and SportsEngine. The separation was structured as a tax-free spin-off for U.S. federal income tax purposes.

Segments and principal businesses

Connectivity & Platforms

• Residential Connectivity & Platforms: home broadband, wireless, video, advertising, residential voice, and Sky-branded networks; bundled and discounted service packages.
• Residential Broadband: U.S. services over hybrid fiber-coaxial (HFC) with some direct fiber-to-the-premises; international broadband in the UK and Italy via third-party networks.
• Wireless: residential mobile services in the U.S. and UK using MVNO arrangements (Verizon network; later T‑Mobile for business customers in 2026); unlimited data plans, device financing, and Wi‑Fi hotspot access.
• Video: residential and business video packages; X1 platform in the U.S.; Sky Q in the UK/Italy; NOW and NOW TV streaming services; Xumo Stream Box; Sky Stream and Sky Glass streaming options.
• Advertising: in-network and third-party advertising, data-driven services, and marketplace solutions for the media industry.
• Other: VoIP voice services, residential security/automation, and technology licensing.
• Business Services Connectivity: Comcast Business offerings for small to large enterprises (broadband, voice, wireless, cloud cybersecurity, managed Wi‑Fi, video monitoring); enterprise solutions including Ethernet, SDN, and multi-location connectivity; international operations under Sky Business in the UK.

Content & Experiences

• Media: NBCUniversal national and regional cable networks, NBC and Telemundo broadcast networks, Peacock streaming service, and Sky international networks and services (including Sky Sports and NOW).
• Studios: production and distribution of film and television content through Universal Pictures, Illumination, DreamWorks Animation, Focus Features, Working Title, Universal Television, Universal Content Productions, Universal Television Alternative Studio, Universal International Studios, and Sky Studios.
• Theme Parks: Universal theme parks and resorts (Universal Orlando Resort with three parks and Epic Universe opened May 2025; Universal Studios Hollywood; Universal Studios Japan; Universal Beijing Resort), on-site hotels, and attractions. Planned expansions include new attractions and a future park in the UK.
• Revenue sources: advertising and distribution fees, subscription fees (including Peacock), content and technology licensing, and licensing of theme‑park IP and related services.
• Key licensed content: major sports rights across multiple platforms, including NBA, NFL, Olympics, English Premier League, PGA and other golf, NASCAR, WWE, MLB, and FIFA World Cup Spanish-language rights.
• Xumo: consolidated streaming platform joint venture with Charter (Xumo Play and Xumo TV devices).

Global footprint and brands

• Major consumer and enterprise brands: Xfinity, Comcast Business, Sky, NOW; NBC, Telemundo, Universal, Peacock, Sky.
• Platform names: X1, Sky Q, NOW, Sky Stream, Sky Glass, Xumo.
• International presence: Sky-branded networks in the UK and Italy; NBCUniversal networks and content distributed globally; Universal theme parks in the U.S., Japan, and China (Beijing), with further expansions planned.

Key people and headcount

• Employees: approximately 179,000 full‑time and part‑time employees (full‑time equivalent) as of December 31, 2025.
• Workforce geography: roughly 30% of employees are located outside the United States, with major concentrations in the United Kingdom, Western Europe, East Asia, and South Asia.

Customer reach, audiences, and networks (selected figures)

• NBC network reach: approximately 36 million U.S. television households (as of December 31, 2025) across the NBC network and affiliates.
• NBCUniversal cable networks – approximate U.S. household reach (as of December 31, 2025):
  • USA Network: ~60 million
  • E!: ~59 million
  • Syfy: ~59 million
  • MS NOW (MSNBC): ~59 million
  • Bravo: ~59 million
  • CNBC: ~59 million
  • Oxygen: ~60 million
  • Golf Channel: ~49 million
  • Universo: ~13 million
  • CNBC World: ~14 million
• Regional Sports Networks: reach approximately 9 million households across various markets.
• Local broadcast footprint: NBC owns 11 local NBC stations (owned‑and‑operated).

Peacock is available direct-to-consumer and via distribution partners; NOW streaming services are offered domestically and internationally and are sometimes bundled with broadband service.

Properties and facilities

• Corporate headquarters: One Comcast Center, Philadelphia, PA.
• Major facilities and campuses: Comcast Technology Center (Philadelphia); NBCUniversal operations at 30 Rockefeller Plaza (New York); Sky headquarters in the UK; Universal City (Los Angeles); Telemundo facilities in Miami; NBC Sports in Stamford; CNBC in Englewood Cliffs (owned by Versant post-separation).
• Theme-park properties: Universal Orlando Resort (including Epic Universe), Volcano Bay, Universal Studios Hollywood, Universal Studios Japan, and Universal Beijing Resort.

Notes on timing and structure

• The summary reflects the organization and operations as of December 31, 2025, with the separation of Versant effective January 2, 2026. Versant’s assets were transferred and Versant common stock was distributed to Comcast shareholders as part of the separation.