# Comcast Corporation
> Comcast · CMCSA · Philadelphia, Pennsylvania
- Profile type: Company
- Profile status: baseline
- Last updated: 2026-05-04T00:00:00.000Z
- Canonical URL: https://thestateofstreaming.com/companies/comcast-corporation/
- Also known as: Comcast, Comcast Corp., Comcast Corp, CMCSA, NBCUniversal, NBCU, Comcast Corporation, NBC parent, Peacock parent
## Summary
Comcast Corporation (NASDAQ: CMCSA) is the U.S.'s largest cable and home internet provider and the parent company of NBCUniversal, which owns NBC, Telemundo, Bravo, and Peacock. Co-CEOs Brian Roberts (Chairman) and Mike Cavanagh have led the company since Jan. 2, 2026. Comcast spun off most NBCU cable networks — including CNBC, USA, and E! — into Versant that same day. Peacock reached 46M paid subscribers in Q1 2026 and is expected to approach profitability in Q2 2026.

## 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.
## Coverage on The State of Streaming
- [Omnicom Says It's Cutting Out the Ad-Tech Middlemen. The Holdco-Direct Era Just Went Live.](https://thestateofstreaming.com/advertising-adtech/2026/05/omnicom-ai-agent-adtech-disintermediation/) — 2026-05-04
- [Charter Lifts Cox Synergies 60% as Comcast Waves Off Cable M&A](https://thestateofstreaming.com/business-deals/2026/05/comcast-charter-merger-talks-resurfacing/) — 2026-05-03
- [Streaming Hit 45.6 Percent of Ad-Supported TV. The Verification Stack Is Catching Up.](https://thestateofstreaming.com/measurement-data/2026/05/ctv-transparency-ad-supported-default-ias/) — 2026-05-03
- [The 1961 NFL Antitrust Shield Meets a 2026 Streaming Model](https://thestateofstreaming.com/policy-regulation/2026/05/doj-nfl-streaming-antitrust-fox-sinclair-sba/) — 2026-05-03
- [NFL Network Goes Dark on Comcast — Disney's First Carriage Test Since the ESPN-NFL Stake Deal](https://thestateofstreaming.com/business-deals/2026/05/nfl-comcast-espn-blackout-first-dispute/) — 2026-05-03
- [Roku Just Became the Only TV-OS Company Showing Its Ad Math](https://thestateofstreaming.com/platforms/2026/05/roku-q1-2026-print-100m-segment-split/) — 2026-05-03
- [The Cord-Cutting Cliff Stalled in Q1 2026. The Consensus Hasn't Caught Up.](https://thestateofstreaming.com/devices-distribution/2026/04/cord-cutting-pause-2026-thesis-rewrite-2/) — 2026-04-27
- [The Cord-Cutting Cliff Stalled in Q1 2026. The Consensus Hasn't Caught Up.](https://thestateofstreaming.com/devices-distribution/2026/04/cord-cutting-pause-2026-thesis-rewrite/) — 2026-04-27
- [MLB's 2026 Schedule Spreads Across Six Platforms — and Resets Rights Math](https://thestateofstreaming.com/content-programming/2026/04/mlb-2026-six-platform-rights-fragmentation-2/) — 2026-04-27
- [MLB's 2026 Schedule Spreads Across Six Platforms — and Resets Rights Math](https://thestateofstreaming.com/content-programming/2026/04/mlb-2026-six-platform-rights-fragmentation/) — 2026-04-27
- [Peacock Premium Plus Heads to The Roku Channel as Comcast Sells Q2 Inflection](https://thestateofstreaming.com/platforms/2026/04/comcast-q1-peacock-inflection-followups/) — 2026-04-26
- [Carr's FCC Pressed Streaming on Three Fronts in 10 Days](https://thestateofstreaming.com/policy-regulation/2026/04/fcc-carr-streaming-jurisdiction-pressure/) — 2026-04-26
- [Antenna Calls Streaming-Wars Era Over as Sub Growth Falls to 7%](https://thestateofstreaming.com/measurement-data/2026/04/streaming-wars-era-ended-2025-data-story/) — 2026-04-25
- [WBD Shareholders Approve Paramount Merger 99% to 1%](https://thestateofstreaming.com/business-deals/2026/04/wbd-paramount-shareholder-vote/) — 2026-04-25

## Tags

- cable
- broadband
- streaming
- media-conglomerate
- public
- nasdaq
- nbcuniversal-parent
- versant-parent
- peacock-parent

---
View this profile in a browser: https://thestateofstreaming.com/companies/comcast-corporation/
Browse the directory: https://thestateofstreaming.com/companies/
Machine-readable index: https://thestateofstreaming.com/llms.txt