Comcast Corporation's Stock Analysis

Comcast Completes Separation of Versant Media Group, Inc.

On January 5, 2026, Comcast announced the completion of the separation of Versant Media Group, Inc., which became an independent public company as of January 2, 2026. Comcast shareholders received shares of Versant stock based on their holdings, with one share of Versant Class A or Class B common stock distributed for every 25 shares of Comcast Class A or Class B common stock owned as of December 16, 2025.

Versant will begin trading on the Nasdaq under the ticker symbol 'VSNT'. The separation involved no retained ownership by Comcast in Versant, and any fractional shares of Versant were aggregated and sold, with cash payments made to shareholders based on the proceeds. Financial advisors for the transaction included Goldman Sachs, Morgan Stanley, and PJT Partners.

Jan 05, 2026 08:00:44

Comcast Appoints New Co-CEO with Significant Compensation Package

Comcast Corporation has entered into a new employment agreement with Michael J. Cavanagh, who is set to become Co-Chief Executive Officer on January 2, 2026. The agreement secures his employment until January 1, 2029, with an annual base salary of $2,750,000 and a performance-based cash bonus target of 300% of his base salary. Additionally, he has received a performance-based restricted stock unit award valued at approximately $35 million, which will vest after three years based on specific performance metrics.

The performance-based award includes provisions for additional vesting if Mr. Cavanagh resigns for

Dec 23, 2025 17:19:32

Comcast Plans Redemption of $2.75 Billion in Notes

Comcast Corporation has announced its intention to redeem all outstanding amounts of its 3.15% Notes due March 1, 2026, totaling approximately $2.1 billion, and its 5.350% Notes due November 15, 2027, amounting to around $650 million. The redemption will occur at the calculated redemption price plus accrued and unpaid interest.

The redemption date for both sets of Notes is set for January 15, 2026. This notification serves to inform the trustee, The Bank of New York Mellon, and is not a formal notice of redemption for the Notes.

Dec 16, 2025 16:26:14

Comcast Issues Preferred Shares Amid Planned Spin-Off

Comcast Corporation has filed Amended and Restated Articles of Incorporation to remove references to Series A Participating Cumulative Preferred Stock and to consolidate amendments regarding its registered office. Alongside this, Comcast has designated a new Class A Equivalent Preferred Stock in connection with its planned spin-off of certain assets into Versant Media Group, Inc. This designation allows the Board to authorize the issuance of preferred stock, which will be issued to certain subsidiaries as part of an exchange agreement.

In the exchange agreement, Comcast issued approximately 872,791 Preferred Shares to its wholly-owned subsidiaries, ensuring they do not receive Class A Common Stock of SpinCo in the spin-off. The Preferred Shares are redeemable for shares of Comcast’s Class A Common Stock and will automatically convert upon the completion of the spin-off. The specific rights and privileges of the Preferred Shares are detailed in the Designation Amendment.

Dec 15, 2025 16:35:16

Comcast Announces Spin-Off of Versant Media Group Shares

Comcast's Board of Directors has approved the separation of certain cable television networks and digital platforms, creating an independent company called Versant Media Group, Inc. This separation will be executed through a distribution of Versant's Class A and Class B common stock to Comcast shareholders, with each shareholder receiving one share of Versant stock for every 25 shares of Comcast stock they hold as of the record date of December 16, 2025. The distribution is set to be completed after trading on January 2, 2026.

After the separation, Versant will operate as a publicly traded entity, and Comcast will hold no ownership interest in it. The shares of Versant are expected to begin trading on Nasdaq under the symbol “VSNT” on January 5, 2026. Shareholders are advised that the separation is subject to customary conditions, and they will receive an information statement detailing the implications of the spin-off, including the risks associated with owning Versant stock.

Dec 03, 2025 16:22:27

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