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Comcast

This article is about the media conglomerate. For the internet service provider previously branded as Comcast, see Xfinity.

Comcast Corporation
Formerly
  • American Cable Systems
    (1963–1968)
  • Comcast Holdings
    (1968–2000)
Company typePublic
Industry
PredecessorsAT&T Broadband
FoundedJune 28, 1963 (1963-06-28) in Tupelo, Mississippi, U.S.
FounderRalph J. Roberts
HeadquartersComcast Center,
Philadelphia, Pennsylvania
,
United States
Area served
Worldwide
Key people
Products
RevenueIncrease US$123.7 billion (2024)
Decrease US$23.29 billion (2024)
Increase US$15.88 billion (2024)
Total assetsIncrease US$266.2 billion (2024)
Total equityIncrease US$85.56 billion (2024)
OwnerBrian L. Roberts (1% equity interest, 33% voting power)
Number of employees
182,000 (2024)
Divisions
Subsidiaries
NBCUniversal
ASN
Websitecorporate.comcast.com
Footnotes / references
[1][2][3][4][5][6][7]

Comcast Corporation, formerly known as Comcast Holdings,[note 1] is an American multinational mass media corporation that works in telecommunications and entertainment. It is headquartered at the Comcast Center in Philadelphia.[8] Comcast is the third-largest broadcasting and cable television company worldwide by revenue (behind China Mobile and Verizon).[9] It is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. In 2023, the company was ranked 51st in the Forbes Global 2000.[10]

Comcast is additionally the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia.[11] As the owner of NBCUniversal since 2013, Comcast is also a high-volume producer of films for theatrical exhibition and television programming, and a theme parks operator. It is the fourth-largest telecommunications company by worldwide revenue.[9] Comcast owns and operates the Xfinity residential cable communications business segment and division; Comcast Business, a commercial services provider; and Xfinity Mobile, an MVNO of Verizon Communications.

Comcast is also the owner and operator of over-the-air national broadcast network channels through NBCUniversal, such as the National Broadcasting Company (one of the US' Big Three television networks), Spanish-language channels Telemundo, TeleXitos, and Universo, television stations like Cozi TV, multiple cable-only channels such as MSNBC, CNBC, USA Network, Syfy, Oxygen True Crime, Bravo, and E!, film studios Universal Pictures, DreamWorks Animation, Illumination and Focus Features, the Universal Studio Group, the VOD streaming service Peacock, and Universal Destinations & Experiences. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. NBCUniversal also works in news (NBC News and Noticias Telemundo) and sports (NBC Sports and Telemundo Deportes) areas, with Comcast acquiring professional sports company Spectacor in 1996. Since October 2018, Comcast is also the parent company of Sky Group after dropping out of the bid to buy 21st Century Fox, and instead acquired the stake 21CF owned, plus the rest of Sky.

Comcast is criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry during the years 2008–2010.[12][13] It has violated net neutrality practices in the past and despite its commitment to a narrow definition of net neutrality,[14] critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet.[15] Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers.[16] Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.[17][18] Comcast also failed to acquire Time Warner Cable in 2014.

  1. ^ "Comcast bids for Disney". Retrieved November 5, 2016.
  2. ^ "CMCSK:US". Bloomberg News. Retrieved November 5, 2016.
  3. ^ "Archived copy". Archived from the original on July 18, 2018. Retrieved November 28, 2018.{{cite web}}: CS1 maint: archived copy as title (link)
  4. ^ "Archived copy" (PDF). update.comcast.com. Archived from the original (PDF) on September 6, 2019. Retrieved January 17, 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ IfM – Comcast/NBCUniversal, LLC Archived June 8, 2018, at the Wayback Machine. Institute of Media and Communications Policy Mediadb.eu (undated). Retrieved on June 11, 2015.
  6. ^ "People: Comcast Corp (CMCSA.OQ)". Reuters. Retrieved February 22, 2014.
  7. ^ "Comcast Corporation 2024 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. January 31, 2025.
  8. ^ "The Big 6 Media Companies". Retrieved August 7, 2022.
  9. ^ a b "Top publicly traded telecommunication companies by revenue". companiesmarketcap.com. Retrieved August 12, 2024.
  10. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  11. ^ Comcast 2008 Form 10-K Archived April 21, 2017, at the Wayback Machine, files.shareholder.com
  12. ^ Consumerist (April 26, 2010). "Comcast Is Crowned Consumerist.Com's 2010 'Worst Company in America'" (Press release). PR Newswire. Retrieved March 31, 2014.
  13. ^ J.D. Power Releases 2008 Residential Television Service Satisfaction Survey. News.ecoustics.com. Retrieved on July 8, 2011.
  14. ^ Dara Kerr (March 20, 2014). "Netflix's Hastings makes the case for Net neutrality". CNET. Retrieved March 31, 2014.
  15. ^ Modine, Austin. (January 21, 2009) "FCC fingers Comcast VoIP favoritism". TheRegister.co.uk. Retrieved on July 8, 2011.
  16. ^ Michael Hiltzik (August 23, 2013). "Cable monopolies hurt consumers and the nation". Los Angeles Times. Retrieved March 31, 2014.
  17. ^ "Congratulations to Comcast, Your 2014 Worst Company in America!". Consumerist. April 8, 2013. Retrieved January 16, 2015.
  18. ^ Paramore, Lynn Stuart (August 30, 2013). "Why Comcast is the Worst Company in America". Salon. Retrieved January 15, 2015.


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