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Comcast CMCSA Total Media Segment — Programming and production

Other segment segments

Total Residential Connectivity & Platforms Segment
$3.7B-7.5%
Total Studios Segment
$2.05B+23.0%

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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$89.32B-24.8%
Enterprise value$178.1B-17.6%
P/E8×+2.8×
P/S0.7×-0.2×

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 cmcsa:ProgrammingAndProductionCosts.

The source filing: Comcast’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 3:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049360
(in millions, except per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$29,940$30,313$61,396$60,199
Costs and Expenses:
Programming and production8,3897,57619,27315,991
Marketing and promotion2,2582,1684,4224,239
Other operating and administrative10,44510,42220,85320,314
Depreciation2,3912,3494,7244,580
Amortization1,2971,8052,8293,423
Total costs and expenses24,78024,32052,10148,548

ITEM 1: FINANCIAL STATEMENTS

FAQ

What is Comcast's total media segment — programming and production?
Comcast (CMCSA) reported total media segment — programming and production of $3.7B in Q2 2026.
How has Comcast's total media segment — programming and production changed year-over-year?
Comcast's total media segment — programming and production increased by 34.1% year-over-year, from $2.76B to $3.7B.
What is the long-term trend for Comcast's total media segment — programming and production?
Over 3 years (2022 to 2025), Comcast's total media segment — programming and production has grown at a -2.5% compound annual growth rate (CAGR), from $17.65B to $16.35B.
What does total media segment — programming and production mean?
This represents the primary operating costs incurred by the media segment to create, acquire, and distribute content. It is the largest expense category for media businesses, covering production budgets, licensing fees, and talent costs.

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