Comcast (CMCSA) risk factors: FY2025 10-K

1. Our businesses operate in highly competitive and dynamic industries, and our businesses and results of operations could be adversely affected if we do not compete effectively.
2. Changes in consumer behavior continue to adversely affect our businesses and challenge existing business models.
3. A decline in advertisers’ expenditures or changes in advertising markets could negatively impact our businesses.
4. Our success depends on consumer acceptance of our content, and our businesses may be adversely affected if our content fails to achieve sufficient consumer acceptance.
5. Programming expenses for our video services are increasing on a per subscriber basis, which could adversely affect our video businesses.
6. The loss of programming distribution agreements, or the renewal of these agreements on less favorable terms, could adversely affect our businesses.
7. Our businesses depend on using and protecting certain intellectual property rights and on not infringing, misappropriating or otherwise violating the intellectual property rights of others.
8. We may be unable to obtain necessary hardware, software and operational support.
9. Our businesses depend on keeping pace with technological developments.
10. A cyber attack, information or security breach, or technology disruption or failure may negatively impact our ability to conduct our business or result in the misuse of confidential information, all of which could adversely affect our business, reputation or results of operations.rewordedCybersecurity
11. Weak economic conditions may have a negative impact on our businesses.
12. Acquisitions and other strategic initiatives present many risks, and we may not realize the financial and strategic goals that we had contemplated.
13. We face risks relating to doing business internationally that could adversely affect our businesses.
14. Natural disasters, severe weather and other uncontrollable events could adversely affect our business, reputation and results of operations.
15. The loss of key management personnel or popular on-air and creative talent could have an adverse effect on our businesses.
16. Labor disputes, whether involving employees or sports organizations, may disrupt our operations and adversely affect our businesses.
17. If the Separation does not qualify as non-taxable, we and/or holders of our common stock could be subject to significant tax liability.new
18. We are subject to regulation by federal, state, local and foreign authorities, which impose additional costs and restrictions on our businesses.
19. Unfavorable litigation or governmental investigation results could require us to pay significant amounts or lead to onerous operating procedures.
20. Our Class B common stock has substantial voting rights and separate approval rights over several potentially material transactions, and our Chairman and Co-CEO has considerable influence over our company through his beneficial ownership of our Class B common stock.reworded

Read these in Item 1A · See the changes