CMCSA · 8-K · 20261022PR066783

Operating Expense Trends

COMCAST CORP · 2026-10-22 · Importance 49 · Surprise 22

Third-quarter consolidated programming and production expense decreased 13.2% to $7.5 billion from $8.7 billion, while other operating and administrative expense declined 1.4% to $10.6 billion. Residential Connectivity & Platforms operating expenses decreased 2.2% to $10.9 billion, as programming expense fell 8.3% to $3.6 billion and offset a 1.2% increase in non-programming expense to $7.3 billion. Residential non-programming costs rose primarily because of higher direct product costs from domestic wireless growth, partially offset by lower technical and support costs. Business Services Connectivity operating expenses increased 4.0% to $1.2 billion due to higher direct product costs and marketing and promotion expenses.

Key facts

• Residential Connectivity & Platforms programming expenses decreased 8.3% year-over-year to $3,624 million in 3Q26 source
• Corporate & Other revenue for 3Q26: $341 million, an increase of 8.2% year-over-year; Corporate & Other adjusted EBITDA loss was ($299) million, a decrease of 9.7% source
• Amounts representing eliminations of transactions between segments: Content & Experiences revenue eliminations were $400 million in 3Q26 compared to $579 million prior year; Adjusted EBITDA eliminations were a benefit of $40 million compared to $69 million prior year source