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Revenue | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2025 |  | 2024(a) |  | 2025 |  | 2024(a)
Domestic broadband | $ | 6,433 |  |  | $ | 6,400 |  |  | $ | 19,521 |  |  | $ | 19,276 |
Domestic wireless | 1,246 |  |  | 1,093 |  |  | 3,565 |  |  | 3,084 |
International connectivity | 1,275 |  |  | 1,150 |  |  | 3,626 |  |  | 3,240 |
Total residential connectivity | 8,954 |  |  | 8,644 |  |  | 26,712 |  |  | 25,599 |
Video | 6,591 |  |  | 6,938 |  |  | 20,031 |  |  | 21,055 |
Advertising | 864 |  |  | 987 |  |  | 2,680 |  |  | 2,931 |
Other | 1,192 |  |  | 1,298 |  |  | 3,635 |  |  | 3,973 |
Total Residential Connectivity & Platforms Segment | 17,601 |  |  | 17,866 |  |  | 53,057 |  |  | 53,558 |
Total Business Services Connectivity Segment | 2,576 |  |  | 2,425 |  |  | 7,647 |  |  | 7,253 |
Domestic advertising | 1,964 |  |  | 3,347 |  |  | 5,698 |  |  | 7,363 |
Domestic distribution | 2,841 |  |  | 3,272 |  |  | 8,575 |  |  | 8,942 |
International networks | 1,252 |  |  | 1,070 |  |  | 3,681 |  |  | 3,193 |
Other | 532 |  |  | 542 |  |  | 1,516 |  |  | 1,429 |
Total Media Segment | 6,589 |  |  | 8,231 |  |  | 19,470 |  |  | 20,926 |
Content licensing | 2,035 |  |  | 1,865 |  |  | 6,014 |  |  | 5,680 |
Theatrical | 639 |  |  | 611 |  |  | 1,209 |  |  | 1,178 |
Other | 326 |  |  | 350 |  |  | 1,035 |  |  | 964 |
Total Studios Segment | 3,000 |  |  | 2,826 |  |  | 8,258 |  |  | 7,822 |
Total Theme Parks Segment | 2,717 |  |  | 2,289 |  |  | 6,943 |  |  | 6,243 |
Other revenue | 752 |  |  | 686 |  |  | 2,221 |  |  | 2,181 |
Eliminations(b) | (2,036) |  |  | (2,253) |  |  | (6,198) |  |  | (6,167) |
Total revenue | $ | 31,198 |  |  | $ | 32,070 |  |  | $ | 91,397 |  |  | $ | 91,817 |
(a)Beginning in the first quarter of 2025, commission revenue from the sale of certain direct to consumer (“DTC”) streaming services and revenue related to certain equipment are presented in video revenue. Previously, these amounts were presented in domestic broadband and international connectivity. Prior periods have been reclassified to reflect the current year presentation. (b)See Note 2 for additional information on intersegment revenue transactions. Condensed Consolidated Balance Sheets The table below summarizes our accounts receivable and other balances that are not separately presented in our condensed consolidated balance sheets that relate to the recognition of revenue and collection of the related cash.
(in millions) | September 30, 2025 |  | December 31, 2024
Receivables, gross | $ | 14,030 |  |  | $ | 14,399 |
Less: Allowance for credit losses | 817 |  |  | 738 |
Receivables, net | $ | 13,214 |  |  | $ | 13,661 |
Noncurrent receivables, net (included in other noncurrent assets, net) | $ | 1,810 |  |  | $ | 1,853 |
Noncurrent deferred revenue (included in other noncurrent liabilities) | $ | 724 |  |  | $ | 665 |
Our accounts receivables include amounts not yet billed related to equipment installment plans, as summarized in the table below.
(in millions) | September 30, 2025 |  | December 31, 2024
Receivables, net | $ | 1,955 |  |  | $ | 1,827 |
Noncurrent receivables, net (included in other noncurrent assets, net) | 1,216 |  |  | 1,225 |
Total | $ | 3,172 |  |  | $ | 3,052 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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