Segment wise revenue

Comcast divides its massive business into two primary umbrellas: Connectivity & Platforms (which handles your internet, cable, and mobile service) and Content & Experiences (which makes movies, runs theme parks, and operates streaming services).

Here is the exact segment-by-segment breakdown of their revenue for Full Year 2025 (their most recent complete fiscal year, totaling roughly $123.7 billion):

1. Connectivity & Platforms (~65% of Total Revenue)

This is the reliable, cash-generating backbone of Comcast.

• Residential Connectivity & Platforms ($70.70 Billion): This is the biggest slice of the pie. It includes Xfinity home internet, traditional cable TV packages, residential landlines, and Xfinity Mobile subscriptions.
• Business Services Connectivity ($10.24 Billion): This covers enterprise-grade internet, networking, and telecom services sold to small, medium, and large businesses.

2. Content & Experiences (~39% of Total Revenue)

This segment represents their media empire and physical destinations.

• Media ($27.09 Billion): This includes the NBC broadcast network, Telemundo, global cable networks (like Bravo and USA Network), the Peacock streaming service, and Sky in Europe.
• Studios ($11.29 Billion): This covers the production and global box office revenue from Universal Pictures, Illumination (creators of Despicable Me), and DreamWorks Animation.
• Theme Parks ($9.84 Billion): This includes revenue from tickets, merchandise, and food at Universal Studios parks in Orlando, Hollywood, Japan, and Beijing.

(Note: The percentages add up to over 100% because Comcast also reports -$8.54 Billion in Intersegment Eliminations—which is essentially internal accounting to remove revenue generated when one part of Comcast sells something to another part of Comcast, like Universal selling a movie to Peacock.)

To see how all these pieces flow together to create their massive $123.7 billion top line, here is an interactive breakdown:

The 2026 Restructuring

If you look at Comcast's financials moving forward into 2026, the Media segment will look significantly smaller.

On January 2, 2026, Comcast officially completed the spin-off of several of its declining cable TV networks (including USA Network, CNBC, and MSNBC) into a completely separate, publicly traded company called Versant Media Group. Moving forward, Comcast's core media focus is entirely centered on the NBC broadcast network, live sports, and growing Peacock.