NBCUniversal’s owner, Comcast, revealed the 2025 compensation packages for Chairman and Co-CEO Brian Roberts and Co-CEO Michael Kavanagh, who serves as Chairman until the beginning of 2026, along with pay details for other top executives.
Roberts’ pay for his roles as president and CEO, before the change to co-CEO effective at the beginning of this year, was $35.1 million in 2025, compared to $33.9 million in 2024, Comcast’s proxy statement filed with the Securities and Exchange Commission showed. He made $35.5 million in 2023 and $32.1 million in 2022.
Roberts’ salary was $2.6 million, but he received $23.5 million in stock awards and a cash bonus of $8.6 million.
If you think that’s a nice little payday, well, it is — but check this out: Kavanaugh’s compensation package was worth $71.8 million in 2025, compared to $28.3 million in 2024. He made $29.6 million in 2023 and $40.5 million in 2022, when he served as CFO until his promotion to president in October 2022.
The lion’s share of Kavanagh’s eye-popping pay came in the form of stock awards worth a potential $60 million. Kavanagh acquired about $20 million worth of company stock in March, as usual. The rest came with his promotion in December. Stock awards are based on the fair value price on the date of grant, so they may end up being worth less, more, or the same amount as reported. Kavanagh’s salary and bonus mirror Roberts’ salary.
Comcast stock is down nearly 20 percent in 2025. The company’s revenue is virtually unchanged, and earnings per share are up 30 percent, but adjusted net income is down 6 percent. Free cash flow jumped 53 percent.
Early this year, the separation of most of Comcast’s cable networks into a separate entity called Versant Media Group, led by Mark Lazarus as CEO, went into effect. Lazarus and his team are “leading the development of an independent strategy,” while also establishing the company as a potential partner and acquirer for complementary media companies.
The spin-off Comcast focused on what it was promoting as its six growth businesses: streaming service Peacock, studios, theme parks, residential broadband, mobile and business services.
