Comcast Corp

Company facts

Industry

Cable & Other Pay Television Services

Headquarters

Philadelphia, Pennsylvania

Most recent report

10-Q, filed Oct 22, 2026

Incorporated

Pennsylvania

Filings on record

1,000+ filings

On EDGAR

CIK 1166691

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 10 sections worth reading, with 1 positive, 11 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Major spin-off, debt paydown, Versant separation, and segment changes all in the numbers.
  Notable

  • NBCUniversal and Sky spin-off announced for mid-2027; Comcast will keep up to 19.9% ownership for up to one year.
  • Atairos investment grew to $5.2B; Comcast contributed $360M in cash in first nine months of 2026, with $971M unfunded commitment remaining.
  • Universal Beijing Resort had $3.7B of debt as of September 30, 2026, up from $3.6B at year-end 2025.

• Management's Discussion (Item 2)

  Major restructuring, declining core metrics, and a planned spin-off require close review.
  Positive

  • Peacock paid subscribers grew to 48 million as of September 30, 2026, up from 41 million a year ago.
  Notable

  • Plans a tax-free spin-off of NBCUniversal and Sky, expected mid-2027, with no assurance of completion.
  • Agreed to acquire ITV Media & Entertainment for up to £1.6 billion, expected to close in H2 2027.
  • Share repurchase program suspended as of Q3 2026 due to the proposed NBCUniversal spin-off.

• Risk Factors (Item 1A)

  New spin-off risk with quantified conditions and tax exposure.
  Notable

  • Spin-off announced June 2026; conditions include board, tax, and regulatory approvals.
  • No guarantee spin-off will meet objectives; each company will be smaller with higher costs.
  Negative

  • If spin-off is taxable, Comcast or shareholders could face substantial tax liabilities.

• Unregistered Sales and Repurchases (Item 2)

  New $15B buyback authorization, then suspension for spin-off, with $6.7B remaining.
  Notable

  • New $15.0B buyback authorization approved in January 2025, no expiration date.
  • Buyback suspended from Q3 2026 due to proposed NBCUniversal spin-off.
  • No shares repurchased in Q3 2026; $6.7B authorization remains.

What changed: Sep 2026 vs. Jun 2026

About 4% of CMCSA's Sep 2026 10-Q is new information. 11 paragraphs were added, 159 changed, and 17 removed. Below are the most important lines SECSift identified.

• Item 2 94
• Item 1 26
• Item 1A 1