CMCSK

• Net income attributable to Comcast was $3.53 billion, down 68.3% from the prior year period which included a $9.4 billion Hulu gain.
• Adjusted EBITDA decreased 13.4% to $8.90 billion; pro forma adjusted EBITDA decreased 5.3% to $8.92 billion.
• Free cash flow was $4.60 billion, and the company returned $2.1 billion to shareholders via dividends and buybacks.
• Peacock achieved quarterly profitability for the first time with EBITDA of $189 million, and total wireless lines surpassed 10 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Upon completion, Comcast shareholders will own shares in both Comcast and NBCUniversal; Comcast will retain up to a 19.9% stake in NBCUniversal for up to one year.
• Mike Cavanagh will become CEO of NBCUniversal, and former Comcast CFO Michael Angelakis will become CEO of Comcast, with Brian L. Roberts remaining actively involved in both companies.
• The separation is subject to customary conditions, including final Board approval, tax opinions, regulatory approvals, and financing arrangements.
• Goldman Sachs & Co. LLC and PJT Partners are financial advisors, with Davis Polk & Wardwell LLP as legal counsel.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• The appointment of Deloitte & Touche LLP as independent auditor for fiscal 2026 was ratified with 379,820,320 votes for, 14,479,020 against, and 247,947 abstentions.
• The advisory say-on-pay proposal on executive compensation was approved with 217,159,284 votes for, 154,472,928 against, and 887,255 abstentions.
• A shareholder proposal to adopt an independent chair policy was not approved, with 97,883,785 votes for and 272,868,586 against.
• The report was filed under Item 5.07 to disclose the voting results of the annual meeting held on June 10, 2026.

5.07 Submission of Matters to a Vote of Security Holders

• The aggregate consideration cap was increased from $3.75 billion to $4.14 billion.
• Approximately $6.16 billion of notes were validly tendered, and $4.105 billion were accepted for purchase.
• Notes with acceptance priority levels 1 through 10 were accepted; levels 11 through 13 were not accepted.
• The settlement date is June 5, 2026, with guaranteed delivery deadline on June 4, 2026.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Comcast Corporation and Comcast Cable Communications, LLC announced pricing terms for cash tender offers to purchase any and all of 13 series of outstanding senior notes.
• The aggregate consideration cap is $3.75 billion, and acceptance is subject to priority levels and the Consideration Cap Condition.
• The offers expire at 5:00 p.m. Eastern time on June 2, 2026, with settlement expected on June 5, 2026.
• Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as dealer managers, and Global Bondholder Services Corporation as information and tender agent.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Comcast Corporation and its wholly-owned subsidiary Comcast Cable Communications, LLC commenced cash tender offers on May 27, 2026 to purchase any and all of 13 series of outstanding senior notes.
• The aggregate consideration payable for all notes purchased in the offers is capped at $3.75 billion (the Consideration Cap Amount).
• The offers expire at 5:00 p.m. Eastern time on June 2, 2026, with settlement expected on June 5, 2026.
• The total consideration for each series will be based on a fixed spread over the yield of specified U.S. Treasury reference securities, plus accrued interest.
• The offers are subject to conditions described in the Offer to Purchase, including the Consideration Cap Condition, and may be extended, waived, or terminated.
• The company reported the tender offers under Item 8.01 (Other Events) and attached the press release as Exhibit 99.1.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Net income attributable to Comcast decreased 35.6% to $2.174 billion; adjusted net income decreased 30.7% to $2.863 billion.
• Adjusted EBITDA decreased 16.8% to $7.929 billion; on a pro forma basis (reflecting Versant separation), revenue increased 10.9% and adjusted EBITDA decreased 8.8%.
• Free cash flow was $3.901 billion, down 28.0% from $5.421 billion in the prior year quarter.
• Returned $2.5 billion to shareholders via $1.2 billion in dividends and $1.3 billion in share repurchases.
• Domestic broadband customer net losses improved to 65,000 (from 183,000 loss a year ago); domestic wireless line net additions were a record 435,000.
• Peacock paid subscribers grew 12% year-over-year to 46 million; revenue surpassed $2 billion for the first time, up 71%.
• Theme Parks adjusted EBITDA increased 33% to $551 million, fueled by Epic Universe opening in May 2025.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Comcast will disclose pro forma financial information and update segment reporting and customer metrics starting Q1 2026.
• Pro forma figures are presented as if the separation occurred on January 1, 2024, and are non-GAAP measures.
• Segment changes include reclassifying regional sports networks to Corporate and other, and moving Xumo to Residential Connectivity & Platforms.
• Customer metrics now include total Residential Connectivity & Platforms relationships and new revenue categories like domestic wireless service revenue.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits