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Segment Information
 3 Months Ended
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,
 20242023
(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 Connectivity2,407 1,366 2,283 1,332 
Connectivity & Platforms20,275 8,218 20,153 8,093 
Content & Experiences
Media6,371 827 6,152 880 
Studios2,743 244 2,956 277 
Theme Parks1,979 632 1,949 658 
Headquarters and Other12 (243)19 (232)
Eliminations(a)
(731)33 (817)24 
Content & Experiences10,374 1,493 10,259 1,607 
Corporate and Other767 (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)20242023
Connectivity & Platforms
Residential Connectivity & Platforms$38 $53 
Business Services Connectivity 6 — 
Content & Experiences
Media1,149 1,167 
Studios838 962 
Theme Parks— — 
Headquarters and Other8 8 
Corporate and Other51 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)
20242023
Adjusted EBITDA$9,355 $9,415 
Adjustments6 8 
Depreciation(2,175)(2,264)
Amortization(1,376)(1,513)
Interest expense
(1,002)(1,010)
Investment and other income (loss), net298 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.