康卡斯特 2025年度报告

PHILADELPHIA - July 23, 2026… Comcast Corporation (NASDAQ: CMCSA) today reported results forthe quarter ended June 30, 2026. “Second quarter results show continued progress against our strategic priorities," said Brian L. Robertsand Mike Cavanagh, co-CEOs of Comcast Corporation. "In Connectivity & Platforms, our strategic pivotinbroadband is gaining traction,and we are seeing that progress extend across the broaderconnectivity portfolio. We delivered our best wireless quarter ever, surpassing 10 million total lines, whilepenetration remains below 7% of addressable wireless lines in our footprint - giving us substantialrunway to deepen convergence and grow customer relationships. Business Services also continued itsindustry-leadinggrowth,reinforcing the strength and breadth of our portfolio.Within Content&Experiences, Media delivered mid-single digit EBITDA growth and Peacock reached profitability for thefirst time, supported by a broad slate of sports, entertainment and major live events that drove strongengagement across our platforms. Our Studios continued to perform at a high level across franchises,animation, originals and specialty titles, capped by the recent success of The Odyssey. While we areseeing some near-term softness in Theme Parks, we remain confident in the long-term opportunity,supported by our world-class brands, attractive locations and proven ability to create attractions andexperiences that drive real consumer demand. Across the company, we generated $4.6 billion of freecash flow, returned $2.1 billion to shareholders and announced our intention to separate NBCUniversaland Sky - an important step toward creating two focused companies with the financial strength andflexibility to pursue their respective growth strategies." 2nd Quarter 2026 Highlights:•Generated Consolidated Adjusted EBITDA of $8.9 Billion, Adjusted EPS of $1.04 and Free Cash Flow of $4.6 Billion •Returned $2.1 Billion to Shareholders Through a Combination of $1.2 Billion in Dividend Paymentsand $900 Million in Share Repurchases•Continued to Gain Traction with Our New Go-to-Market Strategy Reflected by Domestic ResidentialBroadband Customer Net Losses Improving by 34,000 Year-over-Year, and Domestic WirelessCustomer Line Net Additions of 448,000 - Our Best Quarterly Result on Record; Total Wireless LinesIncreased to 10.2 Million, with Penetration at 7% of Total Addressable Wireless Lines in Our Footprint•Business Services Connectivity Revenue Increased 3.7% to $2.7 Billion, EBITDA Increased 5.0% to$1.5 Billion and EBITDA Margin Was 56.7%•Peacock Achieved Quarterly Profitability for the First Time Ever with EBITDA of $189 Million,Increasing $290 Million Year-over-Year; Paid Subscribers Increased by 2 Million Net Additions in theQuarter to 48 Million, Driven by NBA Playoffs, FIFA World Cup and Love Island USA •StudiosEBITDA Increased$141 Million Year-over-Year Driven by the Successful TheatricalPerformances ofThe Super Mario Galaxy Movie,Obsessionand the International Distribution ofMichael;The Super Mario Galaxy MovieGrossed Over $1 Billion in Worldwide Box Office Year-to-Date, Pushing the Franchise's Cumulative Total Past $2 Billion;Obsession Grossed Over $400Million in Worldwide Box Office Year-to-Date, Becoming Focus Features' Highest-Grossing Film inHistory•FIFA World Cup 2026 Drove Record-Breaking Engagement Across Telemundo and Peacock, withthe Top Ten Most-Watched Matches in Spanish Language History•Announced the Intention to Separate into Two Publicly Traded Companies Through a Tax-Free Spin-off of NBCUniversal and Sky 2nd Quarter Consolidated Financial Results \Revenuedecreased 1.2% compared to the prior year period.Net Income Attributable to Comcastwas$3.5 billion, compared to $11.1 billion in the prior year period, which included a $9.4 billion gain from thesale of our interest in Hulu.Adjusted Net Income decreased 20.3%.Adjusted EBITDAdecreased13.4%.On a pro forma basisto reflect the Versant separation, which was completed on January 2,2026, and the sale of our Sky operations in Germany, which was completed on May 31, 2026, revenueincreased 4.7% and Adjusted EBITDA decreased 5.3%. Earnings per Share (EPS)decreased 66.9% to $0.99.Adjusted EPSdecreased 16.7% to $1.04. Capital Expendituresincreased 8.3% to $2.9 billion. Connectivity & Platforms’ capital expendituresincreased 19.9% to $2.3 billion, primarily reflecting higher spending on scalable infrastructure andcustomer premise equipment. Content & Experiences' capital expenditures decreased 20.4% to $584million, primarily reflecting the opening of Epic Universe in May 2025. Net Cash Provided by Operating Activitieswas $8.1 billion.Free Cash Flowwas $4.6 billion. Dividends and Share Repurchases.Comcast paid dividends totaling $1.2 billion and repurchased 33.8million of its shares for $900 million, resulting in a total return of capital to shareholders of $2.1 billion. OnJune 29, 2026, Comcast announced it would pause its share repurchase program as it