Comcast Co-CEO Mike Cavanagh Set to Receive $72 Million Compensation in 2025
Comcast Co-CEOs Report Significant Pay Packages for 2025
Comcast co-CEOs Brian Roberts and Mike Cavanagh have reported substantial compensation packages for the year 2025, valued at $35.1 million and $71.8 million, respectively.
Cavanagh’s pay increased sharply from $28 million last year, primarily due to a significant stock grant that included a $35 million award in recognition of his promotion to co-CEO in January. His compensation includes a base salary of $2.6 million, stock awards valued at $60 million, and $8.6 million in non-equity incentive plan compensation, such as a cash bonus, according to the company’s recent proxy statement filed with the SEC on Friday.
Roberts also experienced a pay rise from $33.8 million in 2024. His compensation package consisted of a $2.6 million base salary, $23.5 million in stock awards, and $8.5 million in non-equity incentive plan compensation.
Proxy statements provide transparency into the compensation of a public company’s top five highest-paid executives, with filings required by the end of April for companies adhering to a calendar year. This has led to a plethora of disclosures in recent days.
Comcast’s board expressed confidence in its senior leadership, commending their effective management over the past year amid persistent competitive challenges. The board noted contributions across various sectors, including residential broadband, wireless services, business connectivity, theme parks, streaming, and premium studio content. Additionally, the company maintained a strong balance sheet while returning significant capital to shareholders.
In May, Comcast’s NBCUniversal division opened Epic Universe and is in the process of separating Versant Media, a move that became effective earlier this year.
