Comcast Q3 FY25: where the revenue came from and where it went
The whole income statement of Comcast for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 30, 2025
Revenue$31.2B
−3% year over year
Gross profit$22.5B
72% margin
Operating profit$5.5B
18% margin
Net profit$3.3B
11% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Segment revenue | 33.2 | 107% | |
| Residential connectivity | 9.0 | 29% | +1% |
| Video | 6.6 | 21% | −2% |
| Other | 5.6 | 18% | |
| Domestic distribution | 2.8 | 9% | −13% |
| Theme parks | 2.7 | 9% | +19% |
| Business services | 2.6 | 8% | +6% |
| Content licensing | 2.0 | 7% | +9% |
| Domestic advertising | 2.0 | 6% | −41% |
| Eliminations | −2.0 | −7% | |
| Net revenue | 31.2 | 100% | −3% |
| Cost of revenue | −8.7 | 28% | |
| Gross profit | 22.5 | 72% margin | +4pp |
| Other operating & administrative | −10.8 | 35% | +0pp |
| Depreciation & amortization | −4.0 | 13% | +0pp |
| Marketing & promotion | −2.2 | 7% | +0pp |
| Operating profit | 5.5 | 18% margin | −1pp |
| Interest & other costs | −1.0 | ||
| Tax | −1.2 | ||
| Net profit | 3.3 | 11% margin | −1pp |
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