Every material Form 8-K Comcast has filed with the SEC since May 17, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Comcast reported third-quarter 2026 results for the period ended September 30, 2026, with revenue down 6.1% year over year to $29.3 billion and Adjusted EBITDA down 5.8% to $9.1 billion. GAAP earnings per share rose 7.2% to $0.97, but Adjusted EPS fell 4.0% to $1.07 and free cash flow dropped 14.8% to $4.2 billion, so shareholders see weaker core profitability even as reported net income increased 3.5%.
Revenue was $29,298 million versus $31,198 million a year earlier; on a pro forma basis, revenue rose 0.5%.
Net income attributable to Comcast rose 3.5% to $3,448 million, and diluted EPS rose 7.2% to $0.97.
Adjusted EPS fell 4.0% to $1.07, and Connectivity & Platforms Adjusted EBITDA declined 4.4% to $7.6 billion.
Share repurchases remain suspended since the third quarter, and the pause is expected to continue through the proposed separation of the businesses; dividends paid totaled $1.2 billion.
Comcast reported second-quarter 2026 revenue of $29.9 billion, down 1.2% from a year earlier, and net income attributable to Comcast of $3.5 billion, down from $11.1 billion. The prior-year profit included a $9.4 billion gain from the sale of its Hulu interest, and adjusted EPS fell 16.7% to $1.04. Shareholders also learned that Comcast paused its share repurchase program on June 29, 2026, while it separates NBCUniversal and Sky into independent companies.
Revenue was $29.9 billion, down 1.2%; on a pro forma basis, revenue rose 4.7% to $29.6 billion.
Adjusted EBITDA fell 13.4% to $8.9 billion; adjusted EPS fell 16.7% to $1.04 from $1.25.
Free cash flow rose 2.3% to $4.6 billion, and the company returned $2.1 billion to shareholders, including $900 million in share repurchases.
On June 29, 2026, Comcast paused its share repurchase program during the separation of NBCUniversal and Sky.
Comcast reported first-quarter 2026 results for the period ended March 31, 2026. Revenue rose 5.3% to $31.5 billion, but net income attributable to Comcast fell 35.6% to $2.2 billion and diluted earnings per share fell 32.6% to $0.60. The filing says the revenue gain included $2.2 billion of incremental revenue from the Milan Cortina Olympics and the Super Bowl, and the profit decline reflects higher costs in the Media segment.
Revenue was $31.5 billion, up from $29.9 billion a year earlier; pro forma revenue, which excludes the Versant separation, rose 10.9%.
Net income attributable to Comcast was $2.2 billion versus $3.4 billion; adjusted EPS was $0.79 versus $1.09.
Adjusted EBITDA fell 16.8% to $7.9 billion, with Media adjusted EBITDA a loss of $426 million.
Free cash flow was $3.9 billion, and the company returned $2.5 billion to shareholders: $1.2 billion in dividends and $1.3 billion in share repurchases.
Comcast's Board of Directors on February 25, 2026 appointed Gordon Smith, who joined the board on February 4, 2026, to serve on the Audit Committee. The change is an administrative board committee assignment and the filing reports no financial results, compensation terms or other financial effects.
Gordon Smith was previously reported as appointed a Comcast director on February 4, 2026.
On February 25, 2026, the Board appointed Mr. Smith to the Audit Committee.
The filing reports no financial figures and no change to Comcast's operations or results.
Comcast reported fourth-quarter 2025 revenue of $32.3 billion, up 1.2% from a year earlier, while net income attributable to Comcast fell 54.6% to $2.2 billion. The prior-year quarter included a $1.9 billion income tax benefit from an internal corporate reorganization, and adjusted EPS fell 12.4% to $0.84, so shareholders see higher sales alongside lower profit per share in the quarter.
Q4 2025 diluted EPS was $0.60, down 52.0%; full-year diluted EPS was $5.39, up 30.1%
Full-year 2025 revenue was $123.7 billion, flat versus 2024; full-year adjusted EPS was $4.31, down 0.6%
Comcast returned $2.7 billion to shareholders in Q4, including $1.2 billion in dividends and $1.5 billion in share repurchases
Free cash flow was $4.4 billion in Q4 and $19.2 billion for the full year, including a $2.0 billion cash tax benefit in Q4 2024
Comcast entered into a new employment agreement with Michael J. Cavanagh ahead of his appointment as Co-Chief Executive Officer on January 2, 2026, securing his employment through January 1, 2029. The filing also discloses a performance-based restricted stock unit award valued at approximately $35 million, which ties the award's share count to the stock price around the planned Versant spin-off.
Cavanagh's annual base salary is $2,750,000, with a performance-based cash bonus target of 300% of base salary.
Performance-based RSU award valued at approximately $35 million cliff vests after three years.
Award vests for an additional 24 months if Cavanagh resigns for Good Reason or is terminated without Cause.
Comcast reported results for the third quarter ended September 30, 2025. Revenue fell 2.7% to $31.2 billion and diluted EPS fell 3.4% to $0.90, while adjusted EPS was flat at $1.12 and free cash flow rose 45.2% to $4.9 billion. The company attributed the revenue decline mainly to a comparison with prior-year revenue from the Paris Olympics, and the headline profit and revenue measures fell year over year.
Revenue was $31.2 billion, down 2.7% from $32.1 billion a year earlier.
Net income attributable to Comcast was $3.3 billion, down 8.2%; diluted EPS was $0.90 versus $0.94.
Adjusted EPS was $1.12, flat year over year; free cash flow was $4.9 billion, up 45.2%.
Comcast returned $2.8 billion to shareholders: $1.2 billion in dividends and $1.5 billion in share repurchases.
Comcast said Michael J. Cavanagh, currently President, will become Co-Chief Executive Officer in January 2026 and join the Board of Directors at that time. He will serve alongside Chairman Brian L. Roberts, who continues as Chairman and Co-CEO.
Michael J. Cavanagh to be appointed Co-CEO effective January 2026
Cavanagh will also join the Board of Directors at that time but will not serve on any Board committee
Brian L. Roberts continues as Chairman of the Board and Co-Chief Executive Officer
Cavanagh joined Comcast in 2015 as Chief Financial Officer and previously was Co-CEO of JPMorgan Chase's Corporate & Investment Bank
Comcast reported second-quarter 2025 revenue of $30.3 billion, up 2.1% from a year earlier, and diluted EPS of $2.98 versus $1.00, with the increase driven by a $9.4 billion gain from the sale of its Hulu interest. Adjusted EPS rose 3.3% to $1.25, while Adjusted Net Income fell 1.7%, and the company returned $2.9 billion to shareholders through dividends and buybacks.
Revenue rose 2.1% to $30,313 million; Adjusted EBITDA rose 1.1% to $10,283 million
Net income attributable to Comcast was $11.1 billion, including the $9.4 billion Hulu gain, compared with $3.9 billion a year earlier
Free cash flow was $4.5 billion; the company paid $1.2 billion in dividends and repurchased $1.7 billion of shares
Domestic wireless added 378,000 lines in the quarter, the best quarterly result on record
At its June 18, 2025 annual meeting, Comcast shareholders elected all ten director nominees to one-year terms, ratified Deloitte & Touche LLP as auditor for 2025, and approved an increase in shares available under the Comcast-NBCUniversal 2011 Employee Stock Purchase Plan from 24.2 million to 34.2 million. Shareholders approved the advisory executive compensation vote and rejected two shareholder proposals, one on CEO pay ratio and one on an independent chair policy.
All ten director nominees, including Brian L. Roberts and Edward D. Breen, were elected to one-year terms.
The Employee Stock Purchase Plan share limit rose from 24.2 million to 34.2 million, effective June 18, 2025.
Say-on-pay was approved with 332,155,225 votes for and 37,280,056 against.
A shareholder proposal for an independent chair policy was not approved, with 98,559,891 for and 270,904,585 against.
Comcast reported first-quarter 2025 results for the three months ended March 31, 2025. Revenue was $29.9 billion, down 0.6% from a year earlier, and GAAP earnings per share fell 7.7% to $0.89, while adjusted EPS rose 4.5% to $1.09. Free cash flow rose 19.4% to $5.4 billion, and the company returned $3.2 billion to shareholders through dividends and share repurchases.
Revenue was $29,887 million versus $30,058 million a year earlier, a 0.6% decline.
Net income attributable to Comcast was $3,375 million, down 12.5%; diluted EPS was $0.89 versus $0.97.
Adjusted EPS was $1.09 versus $1.04, up 4.5%; free cash flow was $5,421 million, up 19.4%.
Comcast returned $3.2 billion to shareholders: $1.2 billion in dividends and $2.0 billion in share repurchases.
Comcast said director David Novak will become non-executive Chairman of SpinCo, the cable channels and digital assets Comcast plans to spin off, when the spin-off is completed. Novak will then leave Comcast's board, and the spin-off is expected by the end of 2025. The filing does not give financial results or changes to Comcast's own outlook.
Novak becomes non-executive Chairman of SpinCo upon completion of the spin-off, expected by the end of 2025.
Novak leaves Comcast's Board of Directors at that time; he has served on it since December 2016.
SpinCo's assets include USA Network, CNBC, MSNBC, E! and Fandango, which the press release says generate about $7 billion in annual revenue.
Comcast reported fourth-quarter 2024 revenue of $31.9 billion, up 2.1%, and adjusted earnings per share of $0.96, up 13.9%. For the full year, revenue was $123.7 billion, up 1.8%, and adjusted EPS was $4.33, up 9.0%. The company also raised its annualized dividend to $1.32 per share for 2025 and increased its share repurchase authorization to $15 billion.
Q4 revenue $31.9 billion, up 2.1%; full-year revenue $123.7 billion, up 1.8%
Q4 adjusted EPS $0.96, up 13.9%; full-year adjusted EPS $4.33, up 9.0%
Q4 net income attributable to Comcast $4.8 billion, up 46.6%, including a $1.9 billion income tax benefit from an internal corporate reorganization
Annualized dividend raised to $1.32 per share for 2025; share repurchase authorization increased to $15 billion
Comcast reported third-quarter 2024 results on October 31, 2024. Revenue rose 6.5% to $32.07 billion, helped by $1.9 billion of incremental Paris Olympics revenue, while net income attributable to Comcast fell 10.3% to $3.63 billion and diluted EPS fell 4.2% to $0.94. Adjusted EPS rose 3.3% to $1.12, but free cash flow fell 15.5% to $3.4 billion.
Revenue rose 6.5% to $32.07 billion; the Paris Olympics contributed $1.9 billion of incremental Media revenue.
Diluted EPS fell 4.2% to $0.94; adjusted EPS rose 3.3% to $1.12 (a non-GAAP measure).
Free cash flow fell 15.5% to $3.4 billion; the company returned $3.2 billion to shareholders, including $2.0 billion in share repurchases.
Connectivity & Platforms customer relationships fell by 29,000 to 51.7 million, including the impact of the end of the ACP program.
Comcast reported second-quarter 2024 results for the three months ended June 30, 2024, with revenue down 2.7% to $29.7 billion and net income attributable to Comcast down 7.5% to $3.9 billion. Adjusted earnings per share rose 7.0% to $1.21, and the company returned $3.4 billion to shareholders through dividends and share repurchases. The filing contains no updated financial guidance.
Revenue was $29,688 million, down 2.7% from $30,513 million a year earlier.
Net income attributable to Comcast was $3,929 million, down 7.5%; diluted EPS was $1.00, down 1.3%.
Adjusted EPS was $1.21, up 7.0% from $1.13; Adjusted EBITDA was $10,171 million, down 0.7%.
Free cash flow was $1.3 billion, down 60.9%, including a tax payment related to the Hulu transaction; capital returned was $1.2 billion in dividends and $2.2 billion in share repurchases.
Comcast entered into a new unsecured revolving credit agreement on May 17, 2024, providing up to $11.8 billion for general corporate purposes, and terminated its prior $11 billion facility the same day. Comcast had no borrowings outstanding under the prior facility and has not borrowed under the new one, though existing letters of credit reduce availability. The new facility runs to May 17, 2029, and the filing says it can be increased to $14.8 billion and extended to May 17, 2031 with lender agreement.
New $11.8 billion unsecured revolving credit facility, expiring May 17, 2029, guaranteed by Comcast Cable Communications, LLC and NBCUniversal Media, LLC
Facility can be increased up to $14.8 billion and extended to no later than May 17, 2031, with lender agreement
Covenant requires leverage ratio of no greater than 5.75 to 1.00 at each fiscal quarter end
Prior $11 billion credit agreement dated March 30, 2021 was terminated; no borrowings were outstanding
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