Comcast Corporation saw a substantial net income lift in the second quarter of 2025, owing to the sale of its Hulu share to Disney. Net income was reported as $11.1 billion on Thursday thanks to the $9.4 billion the company received from the sale.
Here are the key takeaways:
Net income: $11.1 billion, up 183% year over year.
Earnings per share: $2.98 per share, compared to $4.06 per share expected by analysts surveyed by Yahoo Finance.
Revenue: $30.3 billion, compared to $123.6 billion expected by analysts surveyed by Yahoo Finance.
The latest quarterly results come as Comcast is preparing to spin off its cable network portfolio into a publicly traded, standalone company called Versant by the end of 2025. Versant, which is expected to reach over 65 million U.S. households and generate $7 billion in annual revenue, will house MSNBC, CNBC, USA Network, Oxygen, E!, SYFY, Golf Channel and digital assets Fandango, Rotten Tomatoes, GolfNow and SportsEngine.
The move will be tax-free to Comcast’s shareholders. Last week, Versant unveiled its full board of directors, which will include its CEO Mark Lazarus, former Yum Brands! CEO David Novak as chairman and Disney’s former international content and operations chairman Rebecca Campbell, among others.
It also comes as NBCUniversal recently closed its upfront negotiations, touting a nearly 15% year over year increase in ad commitments across its broadcast offerings, including news, sports and entertainment. It also said it was the largest digital upfront and strongest sports upfront in history, though it offered no hard numbers.
Versant, which will continue to be represented by NBCU in the next two upfront cycles, saw a nearly 10% increase in clients investing in its brands, while Peacock saw an over 20% year over year increase, representing nearly a third of the media giant’s total upfront commitments. The company’s new 11-year media rights deal with the NBA contributed to a 20% increase in new clients compared to the 2024-2025 season and a 45% year over year increase in volume. Over 25% of NBCUniversal’s NBA advertisers will be new to broadcast this year.
Peacock has hiked the price of its plans by $3 per month, with its premium plan hitting $10.99 per month and premium plus plan hitting $16.99 per month. The change took effect for new customers on July 23 and will impact existing customers on Aug. 22. It also is testing a $7.99 per month Select tier, which will feature current seasons of NBC and Bravo programming and a broad assortment of library titles.
More to come…
