CMCSA Comcast

Q3 2025 10-Q

Filed: Oct 30, 2025Period ending Sep 30, 2025

Communication Services

Cable & Other Pay Television ServicesSEC EDGAR

Comcast (CMCSA) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $31.2B, down 2.7% YoY; Content & Experiences down $11.7B vs $12.6B, partially offset by Corporate & Other growth
• Operating income $5.53B, down 5.5% YoY; Adjusted EBITDA $9.67B, down 0.7% YoY; Adjusted EBITDA margin 31.0% vs ~30.4% (calculated)

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Risk Factors

• Continued cybersecurity threats risk compromising network infrastructure and customer data
• Competition from streaming services and telecom providers impacting subscriber growth and pricing power

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Quarterly Financial Summary
XBRL

Revenue

$31.2B

▼ -2.7% YoY▲ +2.9% QoQ

Net Income

$3.3B

▼ -8.2% YoY▼ -70.0% QoQ

Operating Margin

17.7%

▼ -53bp YoY▼ -203bp QoQ

Net Margin

10.7%

▼ -64bp YoY▼ -2601bp QoQ

ROE

3.4%

Total Assets

$273.0B

EPS (Diluted)

$0.92

▼ -1.1% YoY▼ -69.0% QoQ

Operating Cash Flow

$8.7B

▲ +23.8% YoY▲ +11.2% QoQ

Source: XBRL data from Comcast Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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