# Comcast Corporation
> Comcast · CMCSA · Philadelphia, Pennsylvania
- Profile type: Company
- Profile status: baseline
- Last updated: 2026-04-26T00:00:00.000Z
- Canonical URL: https://thestateofstreaming.com/companies/comcast-corporation-2/
- Also known as: Comcast, Comcast Corp., Comcast Corp, CMCSA, NBCUniversal, NBCU
## Summary
Comcast Corporation (NASDAQ: CMCSA) is a global media and technology conglomerate split between Connectivity & Platforms (Xfinity broadband, cable, wireless) and Content & Experiences (NBCUniversal — film, TV, Peacock, parks). Co-led since January 2026 by Chairman and Co-CEO Brian Roberts and Co-CEO Mike Cavanagh. Spun off most NBCU cable networks into Versant on Jan. 2, 2026, and is positioning Peacock — 46M paid subs as of Q1 2026 — as the post-spin growth engine.

## Company facts

- Ticker: CMCSA
- Founded: 1963
- Headquarters: Philadelphia, Pennsylvania
- Domain: cmcsa.com
- CEO: brian roberts (https://thestateofstreaming.com/people/brian-roberts/)


## Latest metrics

- Revenue: $31.46B (Q1 2026, +5% YoY)
- Subscribers: 46M Peacock paid subscribers (Q1 2026, +12% YoY)
- As of: 2026-04-23
- Source: https://www.cnbc.com/2026/04/23/comcast-cmcsa-earnings-q1-2026.html


## Key facts

- Comcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron and Julian A. Brodsky as a small cable system in Tupelo, Mississippi; the company moved to Philadelphia and incorporated as Comcast Corporation in 1969. — Britannica — Comcast company history: https://www.britannica.com/money/Comcast
- Comcast organizes operations into two businesses: Connectivity & Platforms (Residential Connectivity & Platforms and Business Services Connectivity segments) and Content & Experiences (Media, Studios and Theme Parks segments). — Comcast Investor Relations — 4Q 2024 results release: https://www.cmcsa.com/news-releases/news-release-details/comcast-reports-4th-quarter-2024-results
- Comcast reported Q1 2026 revenue of approximately $31.46 billion, up roughly 5% year over year, with Peacock revenue of approximately $2.1 billion (up 71% YoY) and a Peacock EBITDA loss of $432 million versus a $215 million loss in the year-ago quarter. — CNBC — Comcast Q1 2026 earnings report: https://www.cnbc.com/2026/04/23/comcast-cmcsa-earnings-q1-2026.html
- Peacock ended Q1 2026 with 46 million paid subscribers, up roughly 12% year over year, with the quarter boosted by the Milan-Cortina Winter Olympics, Super Bowl LX and the first full quarter of NBA rights. — The Hollywood Reporter — Peacock Q1 2026 subscribers and loss: https://www.hollywoodreporter.com/business/business-news/peacock-comcast-q1-2026-earnings-report-loss-subscribers-1236572816/
- CFO Jason Armstrong told analysts on the Q1 2026 earnings call that Peacock will reach a "meaningful inflection point" in Q2 2026 and is expected to approach profitability for the first time. — Deadline — Comcast execs on Peacock Q2 inflection: https://deadline.com/2026/04/streamer-peacock-to-approach-profitability-in-q2-1236869436/
- Mike Cavanagh became Co-CEO of Comcast effective Jan. 2, 2026, alongside Brian Roberts, who continues as Chairman and Co-CEO. Cavanagh joined Comcast as CFO in 2015 and was elevated to President before the Co-CEO appointment. — Comcast IR — Cavanagh Co-CEO appointment release: https://www.cmcsa.com/news-releases/news-release-details/comcast-corporations-mike-cavanagh-join-brian-roberts-co-chief
- For 2025, Cavanagh's total compensation rose roughly 154% to $71.76 million (~2.5× the prior year's $28.26 million) reflecting his Co-CEO promotion; Brian Roberts' 2025 total compensation was $35.15 million, up about 4% from the prior year. — Variety — Comcast 2025 executive pay disclosure (DEF 14A): https://variety.com/2026/tv/news/comcast-brian-roberts-mike-cavanagh-2025-salary-pay-package-1236730015/
- Comcast completed the spinoff of Versant — a separate publicly traded company holding most former NBCU cable networks (USA Network, MS NOW, CNBC, Golf Channel, E!, Syfy, Oxygen) plus digital properties including Fandango and Rotten Tomatoes — effective 11:59 p.m. ET on Jan. 2, 2026; Versant began trading on Nasdaq under "VSNT" on Jan. 5, 2026, led by CEO Mark Lazarus. — Variety — Comcast completes Versant spinoff: https://variety.com/2026/tv/news/comcast-completes-versant-spinoff-stock-public-company-1236623658/
- Bravo and the broadcast networks (NBC, Telemundo) plus Peacock were retained by NBCUniversal in the Versant carve-out; Comcast shareholders received one Versant share for every 25 Comcast shares of the corresponding class held on the Dec. 16, 2025 record date. — Variety — Versant spinoff distribution mechanics: https://variety.com/2026/tv/news/comcast-completes-versant-spinoff-stock-public-company-1236623658/
- In April 2026, NBCUniversal agreed to distribute Peacock's ad-free Premium Plus tier ($16.99/mo or $169.99/yr) through Roku Premium Subscriptions on The Roku Channel — Peacock's first ad-free sell-through of a third-party aggregator hub. The tier is also available through Amazon Prime Video Channels and is slated for YouTube Primetime Channels. — Deadline — Peacock Premium Plus on Roku Premium Subscriptions: https://deadline.com/2026/04/peacocks-premium-roku-subscriptions-streaming-deal-1236865457/


## Related

- roku inc (Distribution partner — Peacock Premium Plus on The Roku Channel (April 2026)) — https://thestateofstreaming.com/companies/roku-inc/
- nbcuniversal (Wholly owned subsidiary (Content & Experiences segment)) — https://thestateofstreaming.com/companies/nbcuniversal/
- versant (Spun-off cable-networks company (Jan. 2, 2026)) — https://thestateofstreaming.com/companies/versant/
- brian roberts (Chairman and Co-CEO) — https://thestateofstreaming.com/people/brian-roberts/
- mike cavanagh (Co-CEO and President) — https://thestateofstreaming.com/people/mike-cavanagh/
- jason armstrong (Chief Financial Officer) — https://thestateofstreaming.com/people/jason-armstrong/


## External coverage

- Comcast Investor Relations: Comcast Corporation — SEC Filings (https://www.cmcsa.com/financials/sec-filings)
- Comcast Investor Relations: Comcast Corporation — News Releases (https://www.cmcsa.com/news-releases)
- Comcast Corporate: Comcast Leadership Overview (https://corporate.comcast.com/news-information/leadership-overview)
- 2026-04-23 — CNBC: Comcast (CMCSA) earnings Q1 2026 (https://www.cnbc.com/2026/04/23/comcast-cmcsa-earnings-q1-2026.html)
- 2026-01-05 — Variety: Comcast Completes Versant Spinoff, Cable Networks Company Stock Drops (https://variety.com/2026/tv/news/comcast-completes-versant-spinoff-stock-public-company-1236623658/)
- 2026-04-04 — Variety: Comcast's Brian Roberts 2025 Pay Rises 4%, Co-CEO Mike Cavanagh Sees 154% Bump (https://variety.com/2026/tv/news/comcast-brian-roberts-mike-cavanagh-2025-salary-pay-package-1236730015/)
- 2026-04-23 — The Hollywood Reporter: Peacock Could Finally Turn a Profit Next Quarter (https://www.hollywoodreporter.com/business/business-news/peacock-will-finally-turn-a-profit-1236572861/)
- 2026-04-22 — Deadline: Peacock's Ad-Free Tier Now Available On Roku Premium Subscriptions (https://deadline.com/2026/04/peacocks-premium-roku-subscriptions-streaming-deal-1236865457/)

## Profile
Comcast enters the post-Versant era as a more concentrated bet on broadband
plus NBCUniversal — and within NBCU, an increasingly concentrated bet on
Peacock. The Q1 2026 print made the framing explicit: Olympics-and-NBA
revenue lift, a widening EBITDA loss tied to first-year NBA amortization,
and a CFO commitment that Q2 marks the "meaningful inflection point" toward
the streamer's first profitable quarter.

The Roku Channel deal announced the same week pushes Peacock Premium Plus
through a third-party aggregator hub for the first time on the ad-free
tier — a distribution choice worth tracking for what it implies about
NBCU's read on direct-acquisition headroom versus reach economics.
Comcast's leadership question — how much of the strategic agenda Mike
Cavanagh now drives versus Brian Roberts — sits in front of every
material decision the company makes in 2026, from Peacock pricing to the
shape of the broadband-and-content portfolio after Versant.

## Tags

- cable
- broadband
- streaming
- peacock
- nbcuniversal
- dow-30
- nasdaq
- versant-parent

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