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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.
Comcast’s expense mix has shifted toward higher, lumpy media and content costs: Programming & Production, Advertising and “Other” show recurring Q4/Q1 spikes and an upward bias reflecting big content investments, studio successes and Peacock scale. Rising amortization and depreciation indicate greater capitalized content and network/wireless investment, while a one‑off 2022 impairment is isolated. Management confirmed they’re absorbing first‑year NBA rights and ramping Peacock profitability—so expect continued volatility in media-related expense timing, weighing on near‑term EBITDA but supporting revenue and long‑term content economics.
CMCSA Operating Expense Breakdown
| Date | Other | Impairments | Depreciation | Amortization | Advertising | Programming and Production |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | $10.64B | $0.00 | $2.38B | $1.31B | $2.12B | $7.51B |
| 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 |
| Dec 31, 2023 | $10.94B | $0.00 | $2.19B | $1.34B | $2.04B | $10.26B |
| Sep 30, 2023 | $9.63B | $0.00 | $2.20B | $1.29B | $1.87B | $8.65B |
| Jun 30, 2023 | $9.32B | $0.00 | $2.19B | $1.34B | $2.10B | $8.85B |
| Mar 31, 2023 | $9.30B | $0.00 | $2.26B | $1.51B | $1.96B | $9.00B |
| Dec 31, 2022 | $10.56B | $0.00 | $2.20B | $1.27B | $2.18B | $9.81B |
| Sep 30, 2022 | $9.34B | $8.58B | $2.15B | $1.18B | $2.07B | $8.95B |
| Jun 30, 2022 | $9.10B | $0.00 | $2.16B | $1.31B | $2.20B | $8.89B |
| Mar 31, 2022 | $9.26B | $0.00 | $2.21B | $1.33B | $2.06B | $10.57B |
| Dec 31, 2021 | $9.82B | $0.00 | $2.22B | $1.36B | $2.23B | $9.88B |
| Sep 30, 2021 | $8.98B | $0.00 | $2.18B | $1.30B | $2.00B | $10.39B |
| Jun 30, 2021 | $8.55B | $0.00 | $2.11B | $1.27B | $1.85B | $9.26B |
| Mar 31, 2021 | $8.27B | $0.00 | $2.12B | $1.25B | $1.62B | $8.92B |
| Dec 31, 2020 | $9.15B | $0.00 | $1.99B | $1.26B | $1.95B | $9.44B |
| Sep 30, 2020 | $8.06B | $0.00 | $2.12B | $1.20B | $1.51B | $8.56B |
| Jun 30, 2020 | $7.65B | $0.00 | $2.10B | $1.17B | $1.34B | $6.82B |
| Mar 31, 2020 | $8.25B | $0.00 | $2.11B | $1.16B | $1.94B | $8.30B |
| Dec 31, 2019 | $8.73B | $0.00 | $2.10B | $1.07B | $1.94B | $9.30B |
| Sep 30, 2019 | $8.09B | $0.00 | $2.12B | $1.06B | $1.90B | $8.32B |
| Jun 30, 2019 | $8.09B | $0.00 | $2.20B | $1.08B | $1.89B | $8.26B |
| Mar 31, 2019 | $7.90B | $0.00 | $2.24B | $1.08B | $1.89B | $8.57B |
| Dec 31, 2018 | $8.78B | $0.00 | $2.21B | $986.00M | $2.10B | $9.25B |
| Sep 30, 2018 | $6.30B | $0.00 | $2.04B | $580.00M | $1.67B | $6.71B |