Comcast Corporation's Stock Analysis

Comcast Reports Q3 2025 Financial Results and Shareholder Returns

Comcast Corporation reported its financial results for the third quarter of 2025, generating consolidated adjusted EBITDA of $9.7 billion and free cash flow of $4.9 billion. The company returned $2.8 billion to shareholders through dividends and share repurchases, reducing shares outstanding by 5% compared to the previous year. Connectivity revenue increased by 4.2% to $11.5 billion, driven by growth in domestic wireless and business services. The theme parks segment saw a 19% revenue growth, attributed to the opening of Epic Universe, while media EBITDA rose by 28% due to improved performance from Peacock.

Despite these positive highlights, overall revenue decreased by 2.7% compared to the prior year, influenced by a lack of significant events like the Paris Olympics that had boosted revenue in the previous period. Net income attributable to Comcast dropped by 8.2%, and adjusted net income fell by 4.9%. The company faced challenges in its residential connectivity segment with a net loss of 104,000 broadband customers, although it added 414,000 wireless lines, marking a record quarterly result. The results reflect ongoing investments in new strategies and infrastructure while navigating a competitive market landscape.

Oct 30, 2025 07:16:20

Comcast Issues New Notes Worth $480 Million Due 2037

On October 9, 2025, Comcast Corporation completed private offers to exchange its existing 4.150% and 4.550% Notes for new Notes due 2037, totaling $480,046,000 in principal amount. The new Notes will bear an interest rate of 5.168% per year, with interest payments scheduled semi-annually starting January 15, 2026. The issuance is backed by Comcast Cable Communications, LLC and NBCUniversal as guarantors.

Additionally, Comcast has entered into a Registration Rights Agreement to facilitate a registered exchange offer for the new Notes, which have not yet been registered under the U.S. Securities Act. The new Notes may only be sold under specific exemptions from registration requirements. This move is part of Comcast's strategy to manage its debt obligations and optimize its capital structure.

Oct 09, 2025 16:54:55

Comcast Announces Final Results of Debt Exchange and Cash Offers

Comcast Corporation has announced the final results of its Amended Pool 2 Exchange Offers and Amended Pool 2 Cash Offers. The exchange offers, which expired on October 3, 2025, involve the exchange of outstanding series of notes for newly issued 5.168% Notes due 2037, with an expected issuance of approximately $480 million. The total amount of New 2037 Notes is projected to reach about $1.17 billion when combined with previous notes issued on October 2, 2025. The settlement date for these offers is anticipated to be October 9, 2025.

Additionally, the Amended Pool 2 Cash Offers, also expiring on October 3, 2025, were aimed at purchasing any and all series of Pool 2 Notes for cash. The conditions for both offers have been satisfied, allowing Comcast to proceed with the settlement. Global Bondholder Services Corporation is serving as the Information Agent and Exchange Agent for both offers, and interested parties can access the relevant documents through the provided links.

Oct 08, 2025 08:14:27

Comcast Announces Results for Exchange and Cash Offers

Comcast Corporation has announced the preliminary results of its Amended Pool 2 Exchange Offers and Amended Pool 2 Cash Offers, which involve the exchange of existing notes for newly issued 5.168% Notes due 2037. The company expects to accept all validly tendered Pool 2 Notes for exchange, with an anticipated issuance of approximately $491 million in New 2037 Notes, subject to conditions outlined in the offering documents.

Additionally, Comcast has initiated cash offers for the same series of Pool 2 Notes, with expectations to accept all validly tendered notes. The actual amounts payable in both the exchange and cash offers will depend on the final tendered amounts. Global Bondholder Services Corporation is serving as the Information Agent and Tender Agent for these offers, and further assistance can be sought through them.

Oct 06, 2025 08:12:45

Comcast Issues New Notes Totaling $691.97 Million Due 2037

Comcast Corporation has completed private offers to exchange several existing notes for new notes totaling $691,967,000, which will mature on January 15, 2037. The new notes will carry an interest rate of 5.168% per year, with interest payments scheduled for January 15 and July 15, starting in 2026. The issuance is part of a larger transaction involving up to $1.75 billion in aggregate principal amount of new notes.

The new notes are guaranteed by Comcast Cable Communications, LLC and NBCUniversal on an unsecured and unsubordinated basis. Comcast has also entered into a registration rights agreement to facilitate a registered offer for exchanging the new notes under certain conditions. These new notes have not been registered under the U.S. Securities Act, meaning they cannot be offered or sold unless exempt from registration requirements.

Oct 02, 2025 16:42:39

Comcast Announces Results of Debt Exchange and Cash Offers

Comcast Corporation has announced the final results of its Pool 1 Exchange Offers and Pool 1 Cash Offers, which involved the exchange of outstanding notes for newly issued 5.168% Notes due 2037. The Pool 1 Exchange Offers expired on September 26, 2025, with a settlement date expected on October 2, 2025. Comcast plans to issue approximately $692 million in New 2037 Notes, having satisfied the necessary conditions for the exchange offers.

Additionally, Comcast confirmed that the conditions for the Pool 1 Cash Offers were also met. These cash offers, which were available to certain note holders, expired simultaneously with the exchange offers, and the settlement date is anticipated to be October 2, 2025. The company has engaged Global Bondholder Services Corporation as the Information and Exchange Agent for both offers, and the New 2037 Notes will not be registered under the Securities Act, limiting their sale in the United States.

Oct 01, 2025 08:15:41

Comcast Completes Debt Exchange and Cash Offers for Notes

Comcast Corporation has announced the final results of its Pool 1 Exchange Offers and Pool 1 Cash Offers, which involved exchanging outstanding notes for newly issued 5.168% Notes due 2037. The Pool 1 Exchange Offers expired on September 26, 2025, and Comcast is expected to issue approximately $692 million in New 2037 Notes. All necessary conditions for the exchange offers have been satisfied, and the settlement date is anticipated to be October 2, 2025.

In addition to the exchange offers, Comcast has completed cash offers for the same series of notes, which also expired on September 26, 2025. The completion conditions for these cash offers have been met, and the settlement date is similarly expected on October 2, 2025. The new notes will not be registered under the Securities Act, meaning they cannot be offered or sold in the U.S. without registration or an exemption.

Oct 01, 2025 08:15:41

Comcast Appoints Michael Cavanagh as Co-CEO Starting January 2026

Comcast Corporation announced that Michael J. Cavanagh will be appointed Co-Chief Executive Officer, effective January 2026. He will work alongside Brian L. Roberts, who remains Chairman and Co-CEO. Cavanagh, who joined Comcast in 2015 as Chief Financial Officer and currently serves as President, will also be appointed to the Board of Directors at that time.

In his previous role at JPMorgan Chase, Cavanagh was Co-CEO of the Corporate & Investment Bank and served as CFO during a critical period for the company. His extensive experience in financial services is expected to support Comcast's strategic growth initiatives. The leadership transition is framed as part of the company's efforts to navigate changes in the media and technology landscape.

Sep 29, 2025 10:01:39

Comcast Announces Debt Exchange and Cash Offer Results

Comcast Corporation has announced the results of its debt exchange offers and cash offers for various series of notes, including 4.150% Notes due 2028 and 4.550% Notes due 2029. The company expects to issue approximately $714 million in New 2037 Notes in exchange for validly tendered Pool 1 Notes. The Amended Pool 2 Exchange Offers will expire on October 3, 2025, and Comcast has the discretion to waive or increase the maximum amount of New 2037 Notes issued. The exchange offers are subject to specific conditions outlined in the offering documents.

Additionally, Comcast has initiated cash offers for the same series of notes, with participation limited to holders who are not eligible for the exchange offers. The cash offers are governed by the terms set forth in the Offer to Purchase dated September 22, 2025, and require participants to certify their eligibility. The company will terminate any exchange offer if the corresponding cash offer is also terminated, ensuring that both offers are interconnected.

Sep 29, 2025 08:10:57

Comcast Announces Debt Exchange and Cash Offer Terms

Comcast Corporation has announced the pricing terms for its seven separate private offers to exchange outstanding notes for newly issued notes with interest rates of 5.168% due in 2037 and 5.218% due in 2038. The exchange offers will expire on September 26, 2025, and the settlement date is expected to be October 2, 2025. Eligible holders who participate will receive a total exchange price for their old notes, along with accrued interest payments.

Additionally, Comcast has disclosed terms for cash offers for the same series of old notes, which will also expire on September 26, 2025, with a similar settlement date of October 2, 2025. Holders who participate in these cash offers will receive a total consideration in cash and accrued interest payments. Both offers are subject to specific conditions, and the company reserves the right to waive certain conditions as permitted by law.

Sep 26, 2025 16:17:28