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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Data by Business Segment | 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.
Schedule of Reconciliation of Adjusted EBITDA from Segments to Consolidated | 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 Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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