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Comcast CMCSA Studios — Acquisitions

Other segment segments

Business Services Connectivity
$1.1B
Media
$0
Residential Connectivity & Platforms
$0
Theme Parks
$0

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Other financials

Income statement

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Revenue$29.9B-1.2%
Operating income$5.2B-13.9%
Net income$3.5B-68.3%
EPS (diluted)$0.99-66.8%

Balance sheet

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Cash & equivalents$7.7B-20.7%
Total debt$96.5B-10.0%
Total equity$89.8B-7.3%
Total assets$257.55B-6.0%

Cash flow

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Operating cash flow$8.1B+3.5%
CapEx$2.9B+8.4%
Free cash flow$5.2B+1.0%

Valuation

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Market cap$87.83B-26.0%
Enterprise value$176.61B-18.3%
P/E7.8×+2.7×
P/S0.7×-0.3×

Profitability

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Operating margin14.7%-3.5pp
Net margin9%-9.5pp
FCF margin16.4%+0.7pp

Returns & leverage

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Return on equity12%-13.4pp
Debt / equity1.1×0.0×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Comcast in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Comcast’s 10-K, filed February 3, 2026.

Filed
Feb 3, 2026, 4:09 PM EST
Fiscal year
FY2025
Accession
0001628280-26-004994
(in billions) / Balance, December 31, 2023Residential Connectivity & PlatformsBusiness Services ConnectivityMediaStudiosTheme ParksTotal
Goodwill$33.9$2.2$21.7$3.7$5.0$66.4
Accumulated impairment losses(6.1)(2.2)(8.2)
$27.8$2.2$19.5$3.7$5.0$58.2
Acquisitions1.11.1
Foreign currency translation and other1.50.52.1
Balance, December 31, 2025
Goodwill$36.0$3.4$22.4$3.7$5.0$70.6
Accumulated impairment losses(6.7)(2.4)(9.0)

Item 8: Comcast Corporation Financial Statements and Supplementary Data

FAQ

What is Comcast's studios — acquisitions?
Comcast (CMCSA) reported studios — acquisitions of $0 in Q4 2025.
What does studios — acquisitions mean?
Reflects the capital expenditure or cash outflow dedicated to acquiring new businesses, intellectual property, or production assets within the studio segment. This is a key indicator of the company's inorganic growth strategy.

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