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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, telecommunications, and entertainment conglomerate. Headquartered at the Comcast Center in Philadelphia,[8] the company was ranked 51st in the Forbes Global 2000 in 2023.[9]

It is the fourth-largest telecommunications company by worldwide revenue, after Deutsche Telekom, China Mobile, and Verizon.[10] Comcast 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. It 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. The company is also the nation's third-largest home telephone service provider, serving residential and commercial customers in 40 states and the District of Columbia.[11]

Comcast has owned NBCUniversal and its various mass media subsidiaries since 2013. It is a high-volume producer of films for theatrical exhibition and television programming through its film studios: Universal Pictures, DreamWorks Animation, Illumination, and Focus Features. Its over-the-air national broadcast network channels include 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!. NBCUniversal also works in news (NBC News and Noticias Telemundo) and sports (NBC Sports and Telemundo Deportes), bolstered by its 1996 acquisition of professional sports company Spectacor. It owns the video-on-demand streaming service Peacock; its holdings in digital distribution include thePlatform, acquired in 2006; and ad-tech company FreeWheel, acquired in 2014. Comcast has been the parent company of Sky Group since 2018, when it dropped out of the running to buy 21st Century Fox, Sky's then-largest shareholder, and instead acquired the company from Fox and other shareholders. The company operates theme parks under its Universal Destinations & Experiences subsidiary.

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 from 2008 to 2010.[12][13] It has violated net neutrality practices; it has offered a commitment to a narrow definition of net neutrality[14] that critics say ignores the difference between Comcast's private network services and the rest of the Internet.[15] Critics also note 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 use paid peering agreements to unfairly influence end-user connection speeds. Comcast's ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns that scuttled the company's 2014 effort to acquire Time Warner Cable. Comcast was dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.[17][18]

  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. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  10. ^ "Top publicly traded telecommunication companies by revenue". companiesmarketcap.com. Retrieved August 12, 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. ^ "FCC fingers Comcast VoIP favoritism". Archived from the original on June 11, 2019. Retrieved June 10, 2025.
  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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