# Who are Comcast Corporation's customers? Who does Comcast Corporation earn revenue from?
Canonical: https://valuechain.wiki/comcast · Facet: customers · Updated: 2026-09-24T04:08:55.930919+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Comcast Corporation's confirmed revenue counterparties include Alphabet (Google), Trade Desk (The). Per the valuechain.wiki graph: 2 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-09-24).

### Disney (high)  → /disney.md
- note: Under a 2023 agreement, Comcast (NBCU) sold its remaining 33% stake in Hulu to Disney in 2025 after an appraisal dispute. Disney paid an additional $438.7M on top of the ~$8.61B guaranteed floor, for a total of ~$9B, giving Disney 100% ownership of Hulu. For Disney, this was the last piece of a streaming strategy to unify Disney+ and Hulu into one app and cement DTC profitability; Hulu's tax reclassification also booked a $3.277B non-cash tax benefit in FY2025.
- [confirms] SEC EDGAR (EN, filing, published 2025-11-13) https://www.sec.gov/Archives/edgar/data/1744489/000174448925000155/dis-20250927.htm: "FY2025 10-K: acquired full ownership of Hulu; the change in Hulu's US tax classification generated a $3.277B non-cash tax benefit."
- [confirms] CNBC (EN, news, published 2025-06-09) https://www.cnbc.com/2025/06/09/disney-comcast-hulu-valuation.html: "Disney paid Comcast an additional $438.7M after final appraisal to take full control of Hulu (total ~$9B)."

### 알파벳 (구글) (mid)  → /alphabet.md
- note: Distribution/carriage relationship via YouTube TV and YouTube Premium. A September 2025 dispute over affiliate fees briefly threatened a channel blackout, resolved with a new multi-year deal in October; in July 2026 NBCUniversal signed Peacock's largest-ever wholesale distribution deal to bundle Peacock into YouTube Premium.
- [confirms] Newspim (KO, news, published 2026-07-28) https://www.newspim.com/news/view/20260728000010: "Starting in early 2027, original programming such as 'Love Island U.S.A.' and live sports including NFL and NBA games will be offered to millions of YouTube Premium subscribers — Peacock's largest wholesale distribution partnership to date."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-03) https://www.sec.gov/Archives/edgar/data/1166691/000162828026004994/cmcsa-20251231.htm: "We receive fees from the distribution of our television networks to traditional multichannel video providers...revenue based on the number of subscribers receiving the programming on our television networks and a per subscriber fee."
- [confirms] YouTube (Google) (EN, news, published 2025-09-25) https://blog.youtube/inside-youtube/nbcuniversal-update/: "NBCUniversal is asking us to pay more than what they charge consumers for the same content on Peacock."

### 트레이드 데스크 (mid)  → /trade-desk.md
- note: NBCUniversal partners with The Trade Desk and other DSPs to sell premium inventory, including the Olympics, programmatically through its One Platform Commerce framework, expanding its advertiser base and advertising revenue.
- [confirms] The Trade Desk (EN, news, published 2025-12-17) https://www.thetradedesk.com/press-room/nbcuniversal-launches-first-to-market-cross-platform-innovations-ahead-of-ces-2026: "NBCUniversal will open up private marketplace, biddable access for advertisers of all size, through DSP partners including The Trade Desk, tied to the 2026 Milan Cortina Winter Games."
- [confirms] Marketing Brew (EN, news, published 2024-03-20) https://www.marketingbrew.com/stories/2024/03/20/nbcu-partners-with-trade-desk-to-make-olympic-inventory-biddable: "NBCUniversal...will make some of its inventory available programmatically for the first time via a private marketplace letting advertisers bid from the US Olympic Trials through the Paris Games, and reported a '40% increase in advertisers in the last year, driven mostly by programmatic access.'"

Reverse side: https://valuechain.wiki/comcast/suppliers.md · Ripple: https://valuechain.wiki/comcast/ripple.md

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Full node: https://valuechain.wiki/comcast.md · JSON: https://valuechain.wiki/comcast.json