v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2026
2025(a)
2026
2025(a)
Domestic broadband$6,280 $6,649 $12,618 $13,327 
Domestic wireless service1,007 882 1,984 1,732 
Domestic wireless equipment404 313 821 587 
International connectivity1,246 1,219 2,486 2,351 
Video6,092 6,605 12,347 13,206 
Advertising962 951 1,913 1,850 
Other1,133 1,219 2,277 2,452 
Total Residential Connectivity & Platforms Segment17,124 17,839 34,446 35,504 
Total Business Services Connectivity Segment2,671 2,575 5,311 5,071 
Domestic advertising2,163 1,395 5,616 2,863 
Domestic distribution1,993 1,632 4,276 3,299 
International networks1,330 1,254 2,621 2,403 
Other204 261 457 505 
Total Media Segment5,691 4,543 12,970 9,069 
Content licensing1,799 1,805 4,772 3,979 
Theatrical972 284 1,088 570 
Other269 343 605 709 
Total Studios Segment3,040 2,432 6,466 5,259 
Total Theme Parks Segment2,413 2,349 4,744 4,226 
Versant revenue(b)
— 1,770 — 3,539 
Other revenue771 885 1,792 1,802 
Eliminations(c)
(1,771)(2,081)(4,333)(4,270)
Total revenue$29,940 $30,313 $61,396 $60,199 
(a) Beginning in the first quarter of 2026, commission revenue from the sale of certain direct to consumer (“DTC”) streaming services is presented in broadband revenue or video revenue based on whether a customer is entitled to receive the DTC streaming service through a broadband or video service offering. Broadband revenue also includes revenue from streaming devices available to our broadband customers. Previously, all of these amounts were in video revenue. Prior periods have been reclassified to reflect the current year presentation.
(b) Includes the historical results of operations of the Versant business, primarily including domestic distribution revenue, domestic advertising revenue and other revenue generated from digital properties.
(c) 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)June 30,
2026		December 31,
2025
Receivables, gross$14,630 $14,582 
Less: Allowance for credit losses675 713 
Receivables, net$13,955 $13,869 
Noncurrent receivables, net (included in other noncurrent assets, net)$2,282 $1,924 
Noncurrent deferred revenue (included in other noncurrent liabilities)$655 $621 
Our accounts receivables include amounts not yet billed related to equipment installment plans, as summarized in the table below.
(in millions)June 30,
2026		December 31,
2025
Receivables, net$1,987 $2,096 
Noncurrent receivables, net (included in other noncurrent assets, net)1,494 1,395 
Total$3,481 $3,491