David Novak
At such time, Mr. Novak will vacate his current position on Comcast’s Board of Directors.
Highest-materiality recent filing
Comcast commences $3.75B cash tender offer for 13 series of senior notes due 2027-2030
Offers to purchase any and all of 11 Comcast Corp notes and 2 Comcast Cable notes; aggregate cap $3.75B.
Comcast Q1 net income down 35.6% to $2.174B; broadband losses improve, wireless lines hit record
Revenue $31.46B (+5.3% YoY); EPS $0.60 (-32.6%); Adjusted EPS $0.79 (-27.5%)
Comcast Q4 Adj EPS $0.84, revenue +1.2%; broadband losses 181K, media swings to loss
Q4 Adj EPS $0.84 (-12% YoY); GAAP EPS $0.60 (-52%) on $1.9B prior-year tax benefit.
Comcast completes spin-off of Versant Media Group (VSNT) effective Jan 2, 2026
Spin-off of Versant effective Jan 2, 2026; shares trade on Nasdaq under VSNT starting Jan 5.
Comcast names Michael Cavanagh Co-CEO effective Jan 2, 2026 with new employment contract
Cavanagh's Co-CEO role starts Jan 2, 2026; agreement runs through Jan 1, 2029.
Comcast issues Class A Equivalent Preferred Stock in connection with planned SpinCo spin-off
Filed restated articles eliminating references to Series A Preferred (no outstanding shares) and integrating prior amendment.
Comcast Board approves spin-off of cable networks into Versant Media Group; distribution ratio 1:25
Board approved separation of cable TV networks and digital platforms into Versant Media Group via pro rata distribution.
Comcast Q3 revenue down 2.7% to $31.2B; adjusted EPS flat at $1.12; free cash flow up 45% to $4.9B
Revenue $31,198M (-2.7%), net income $3,332M (-8.2%), adj. EBITDA $9,669M (-0.7%).
Pool 1 exchange: expects to issue ~$714M of new 5.168% Notes due 2037 for all validly tendered notes.
Comcast appoints Michael Cavanagh as Co-CEO and board member, effective Jan 2026
Michael J. Cavanagh named Co-CEO alongside Chairman and Co-CEO Brian L. Roberts, effective January 2026.
Comcast prices debt exchange, cash tender for up to $9.9B; new notes 5.168% (2037) and 5.218% (2038)
Offers expire 5pm ET today (Sept 26); settlement expected Oct 2, 2025.
Comcast Q2 2025: Adjusted EPS +3.3% to $1.25, free cash flow $4.5B, wireless adds record 378k
Revenue $30.3B (+2.1% YoY); Adjusted EPS $1.25; Net income $11.1B includes $9.4B Hulu sale gain.
Comcast issues $2.5B in three tranches of senior notes due 2032, 2035, 2055
Issued $650M of 4.950% notes due 2032, $850M of 5.300% notes due 2035, and $1B of 6.050% notes due 2055.
Comcast Q1 2025: revenue flat at $29.9B, adjusted EPS up 4.5% to $1.09, free cash flow $5.4B
Revenue $29.887B vs $30.058B YoY (-0.6%); net income $3.375B vs $3.857B (-12.5%).
Comcast reports record full-year revenue, EBITDA and EPS; raises dividend 6.5% and adds $15B buyback
Fiscal 2024 record revenue $123.7B (+1.8%), adj. EBITDA $38.1B (+1.2%), free cash flow $12.5B.
Comcast Q3 adj. EPS $1.12 (+3.3%); revenue $32.1B (+6.5%)
Net income $3.6B (-10.3%); adjusted EBITDA $9.7B (-2.3%); free cash flow $3.4B.
Comcast Q2 adjusted EPS up 7% to $1.21; Connectivity margin hits record 41.9%
Revenue $29.7B (-2.7% YoY), net income $3.93B (-7.5%), adjusted EPS $1.21 (+7.0%).
Comcast Q1 Adjusted EPS $1.04 (+13.9% YoY), FCF $4.5B (+19.4%)
Revenue $30.1B (+1.2% YoY); Net Income $3.86B (+0.6%); Adjusted EPS beat at $1.04 vs $0.92.
At such time, Mr. Novak will vacate his current position on Comcast’s Board of Directors.
On April 15, 2024, Wonya Y. Lucas was appointed as a director of Comcast Corporation (the “Company”).
Max materiality 0.85 · Median 0.55 · Most common event debt