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Segment Information | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information We are a global media and technology company with two primary businesses: Connectivity & Platforms and Content & Experiences. We present the operations of (1) our Connectivity & Platforms business in two segments: Residential Connectivity & Platforms and Business Services Connectivity; and (2) our Content & Experiences business in three segments: Media, Studios and Theme Parks. Our financial data by segment is presented in the tables below. We do not present asset information for our segments as this information is not used to allocate resources and capital.
| Three Months Ended March 31, |  |  |  |  |  |
| 2024 | 2023 |  |
(in millions) | Revenue(a) | Adjusted EBITDA(b) | Revenue(a) | Adjusted EBITDA(b) |  |  |  |  |  |
Connectivity & Platforms |  |  |  |  |  |  |  |  |  |
Residential Connectivity & Platforms | $ | 17,868 |  | $ | 6,852 |  | $ | 17,869 |  | $ | 6,762 |  |  |  |  |  |  |
Business Services Connectivity | 2,407 |  | 1,366 |  | 2,283 |  | 1,332 |  |  |  |  |  |  |
Connectivity & Platforms | 20,275 |  | 8,218 |  | 20,153 |  | 8,093 |  |  |  |  |  |  |
Content & Experiences |  |  |  |  |  |  |  |  |  |
Media | 6,371 |  | 827 |  | 6,152 |  | 880 |  |  |  |  |  |  |
Studios | 2,743 |  | 244 |  | 2,956 |  | 277 |  |  |  |  |  |  |
Theme Parks | 1,979 |  | 632 |  | 1,949 |  | 658 |  |  |  |  |  |  |
Headquarters and Other | 12 |  | (243) |  | 19 |  | (232) |  |  |  |  |  |  |
Eliminations(a) | (731) |  | 33 |  | (817) |  | 24 |  |  |  |  |  |  |
Content & Experiences | 10,374 |  | 1,493 |  | 10,259 |  | 1,607 |  |  |  |  |  |  |
Corporate and Other | 767 |  | (329) |  | 707 |  | (288) |  |  |  |  |  |  |
Eliminations(a) | (1,358) |  | (26) |  | (1,427) |  | 3 |  |  |  |  |  |  |
Comcast Consolidated | $ | 30,058 |  | $ | 9,355 |  | $ | 29,691 |  | $ | 9,415 |  |  |  |  |  |  |
(a)Included in Eliminations are transactions that our segments enter into with one another. The most significant of these transactions include distribution revenue in Media related to fees from Residential Connectivity & Platforms for the rights to distribute television programming and content licensing revenue in Studios for licenses of owned content to Media. A summary of revenue for each of our segments resulting from transactions with other segments and eliminated in consolidation is presented in the table below.
| Three Months Ended March 31, |  |
(in millions) | 2024 |  | 2023 |  |  |  |
Connectivity & Platforms |  |  |  |  |  |  |
Residential Connectivity & Platforms | $ | 38 |  |  | $ | 53 |  |  |  |  |
Business Services Connectivity | 6 |  |  | — |  |  |  |  |
Content & Experiences |  |  |  |  |  |  |
Media | 1,149 |  |  | 1,167 |  |  |  |  |
Studios | 838 |  |  | 962 |  |  |  |  |
Theme Parks | — |  |  | — |  |  |  |  |
Headquarters and Other | 8 |  |  | 8 |  |  |  |  |
Corporate and Other | 51 |  |  | 54 |  |  |  |  |
Total intersegment revenue | $ | 2,089 |  |  | $ | 2,244 |  |  |  |  |
(b)We use Adjusted EBITDA as the measure of profit or loss for our operating segments. From time to time we may report the impact of certain events, gains, losses or other charges related to our operating segments within Corporate and Other. Our reconciliation of the aggregate amount of Adjusted EBITDA for our segments to consolidated income before income taxes is presented in the table below.
| Three Months Ended March 31, |  |
(in millions) | 2024 |  | 2023 |  |  |  |
Adjusted EBITDA | $ | 9,355 |  |  | $ | 9,415 |  |  |  |  |
Adjustments | 6 |  |  | 8 |  |  |  |  |
Depreciation | (2,175) |  |  | (2,264) |  |  |  |  |
Amortization | (1,376) |  |  | (1,513) |  |  |  |  |
Interest expense | (1,002) |  |  | (1,010) |  |  |  |  |
Investment and other income (loss), net | 298 |  |  | 607 |  |  |  |  |
Income (loss) before income taxes | $ | 5,105 |  |  | $ | 5,243 |  |  |  |  |
Adjustments represent the impact of certain events, gains, losses or other charges that are excluded from Adjusted EBITDA, including costs related to our investment portfolio.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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