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Operating Expense Breakdown
Breaks out core costs like network operations, content and programming, marketing, and corporate overhead to show where cash is being spent and how efficiently Comcast runs its businesses. Watch content and network costs—especially for NBCUniversal and streaming—as they can compress margins even when revenue grows.Operating costs are dominated and cyclical: Programming & Production and the catch‑all "Other" line drive sharp event‑quarter swings tied to big sports/studio windows, while a one‑off impairment in 2022 creates an outlier — not a recurring drag. Depreciation and amortization have ticked up, raising the underlying expense base and reflecting heavier content/rights and capex. This matches management’s call that Q1 Media/Peacock dilution and higher marketing (ad spend, bundled free wireless) compressed EBITDA now, but management expects peak NBA dilution to pass and monetization of free lines to help margins in H2.
Date | Other | Impairments | Depreciation | Amortization | Advertising | Programming and Production |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $10.45B | $0.00 | $2.39B | $1.30B | $2.26B | $8.39B |
Mar 31, 2026 | $10.41B | $0.00 | $2.33B | $1.53B | $2.16B | $10.88B |
Dec 31, 2025 | $11.90B | $0.00 | $2.39B | $1.79B | $2.43B | $10.30B |
Sep 30, 2025 | $10.79B | $0.00 | $2.35B | $1.67B | $2.20B | $8.65B |
Jun 30, 2025 | $10.42B | $0.00 | $2.35B | $1.80B | $2.17B | $7.58B |
Mar 31, 2025 | $9.89B | $0.00 | $2.23B | $1.62B | $2.07B | $8.41B |
Dec 31, 2024 | $10.92B | $0.00 | $2.18B | $1.65B | $2.14B | $10.03B |
Sep 30, 2024 | $10.13B | $0.00 | $2.22B | $1.66B | $1.99B | $10.22B |
Jun 30, 2024 | $9.36B | $0.00 | $2.15B | $1.39B | $1.92B | $7.96B |
Mar 31, 2024 | $9.86B | $0.00 | $2.17B | $1.38B | $2.02B | $8.82B |