as of 10-23-2026 3:53pm EST
Comcast is made up of three parts. The core cable business owns networks that provide television, internet access, and phone services to 65 million US homes and businesses, or nearly half of the country. The firm provides services to about half the locations in this territory. Comcast acquired NBCUniversal from General Electric in 2011. Following the spinoff of several cable networks, including CNBC, MSNBC, and USA, NBCU now consists of the NBC network, several local NBC affiliates, Bravo, the Peacock streaming platform, Universal Studios, and several theme parks. Finally, Sky, acquired in 2018, is a large television provider in the UK and Italy.
| Founded: | 1963 | Country: | United States |
| Employees: | N/A | City: | PHILADELPHIA |
| Market Cap: | 89.4B | IPO Year: | 2006 |
| Target Price: | $28.63 | AVG Volume (30 days): | 26.5M |
| Analyst Decision: | Hold | Number of Analysts: | 27 |
| Dividend Yield: | Dividend Payout Frequency: | quarterly | |
| EPS: | 2.55 | EPS Growth: | 30.19 |
| 52 Week Low/High: | $20.48 - $32.85 | Next Earning Date: | 10-22-2026 |
| Revenue: | $121,572,000,000 | Revenue Growth: | 0.12% |
| Revenue Growth (this year): | -3.07% | Revenue Growth (next year): | -2.15% |
| P/E Ratio: | 14.34 | Index: | |
| Free Cash Flow: | 21.9B | FCF Growth: | -6.20% |
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SEC 8-K filings with transcript text
Oct 22, 2026 · 100% conf.
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COMCAST REPORTS 3rd QUARTER 2026 RESULTS
PHILADELPHIA - October 22, 2026… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended September 30, 2026.
“We are taking decisive steps to strengthen our businesses and unlock the full potential of their structural advantages," said Brian L. Roberts and Mike Cavanagh, co-CEOs of Comcast Corporation. "In Connectivity & Platforms, our near-term financial results reflect the investments we're making to navigate an increasingly dynamic environment. We're encouraged by improving customer satisfaction, strong conversion of free wireless lines to paid relationships, growing adoption of premium wireless plans across our 10.6 million total wireless lines and healthy growth in Business Services, led by Enterprise, where there is substantial opportunity ahead. At the same time, we're transforming our operations to move faster, improve efficiency and fully capitalize on the strength of our businesses. In Content & Experiences, Peacock delivered its second consecutive profitable quarter, generating $261 million in Adjusted EBITDA on $1.8 billion in revenue, driven by strong growth in distribution, while Universal surpassed $5 billion at the global box office, led by the record-breaking success of The Odyssey, now Universal's highest-grossing film of all time. Despite near-term cyclical headwinds in Theme Parks, we remain confident in the business's long-term growth potential. We generated $4.2 billion in free cash flow and are making meaningful progress on the separation of NBCUniversal and Sky, which remains on track to create two independent companies with the financial strength and flexibility to pursue their respective growth strategies."
($ in millions, except per share data)
3rd Quarter
Consolidated Results20262025Change
Revenue $29,298 $31,198 (6.1%)
Pro Forma Revenue1 $29,298 $29,151 0.5%
Net Income Attributable to Comcast$3,448 $3,332 3.5%
Adjusted Net Income2 $3,824 $4,125 (7.3%)
Adjusted EBITDA3 $9,106 $9,669 (5.8%)
Pro Forma Adjusted EBITDA1 $9,106 $9,038 0.8%
Earnings per Share4 $0.97 $0.90 7.2%
Adjusted Earnings per Share2 $1.07 $1.12 (4.0%)
Net Cash Provided by Operating Activities$7,902 $8,693 (9.1%)
Free Cash Flow5 $4,211 $4,945 (14.8%)
For additional detail on segment revenue and expenses, customer metrics, capital expenditures, and free cash flow, please refer to the trending schedule on Comcast’s Investor Relations website at www.cmcsa.com.
3rd Quarter 2026 Highlights:
•Generated Consolidated Adjusted EBITDA of $9.1 Billion, Adjusted EPS of $1.07 and Free Cash Flow of $4.2 Billion
•Paid $1.2 Billion in Dividend Payments to Shareholders
•Domestic Wireless Customer Line Net Additions Were 368,000 and 1.6 Million Over the Last 12 Months; Total Wireless Lines Increased to 10.6 Million, Reaching Nearly 18% Penetration of Our Domestic Residential Broadband Customers and 7% of Total Addressable Wireless Lines in Our Footprint
•Continued to Drive Adoption of Higher-Value Products; Nearly 45% of Our Broadband Customers Are Now on Gig-Plus Speed Tiers, Up Nearly 10 Percentage Points Year-over-Year, and Premium Unlimited Plans Represented Approximately 40% of Postpaid Phone Connects
•Launched Xfinity Shield, a First-of-its-Kind Platform That Transforms Xfinity Wi-Fi into an Always-On Layer of Cybersecurity, Home and Family Protection
•Business Services Connectivity Revenue Increased 2.7% to $2.6 Billion, EBITDA Increased 1.7% to $1.5 Billion and EBITDA Margin Was 55.9%
•Peacock Delivered EBITDA of $261 Million, Increasing $478 Million Year-over-Year; Paid Subscribers Increased 17% Year-over-Year to 48 Million
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•The Odyssey Premiered in July and Became Universal's Highest Grossing Film of All Time with Nearly $1.8 Billion in Worldwide Box Office Year-to-Date; Universal Became the First Studio to Reach $5 Billion at the Global Box Office in 2026; Studios EBITDA Increased 18.6% to $402 Million
•Opened Fast & Furious: Hollywood Drift at Universal Studios Hollywood, the Park's First-Ever High-Speed Outdoor Roller Coaster and the Fastest Roller Coaster in the Universal Destinations & Experiences Portfolio
3rd Quarter Consolidated Financial Results
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Revenue decreased 6.1% compared to the prior year period. Net Income Attributable to Comcast increased 3.5%. Adjusted Net Income decreased 7.3%. Adjusted EBITDA decreased 5.8%. On a pro forma basis to reflect the Versant separation, which was completed on January 2, 2026, and the sale of our Sky operations in Germany, which was completed on May 31, 2026, revenue and Adjusted EBITDA were consistent with the prior year period.
Earnings per Share (EPS) increased 7.2% to $0.97. Adjusted EPS decreased 4.0% to $1.07.
Capital Expenditures were consistent at $3.1 billion. Connectivity & Platforms’ capital expenditures increased 3.6% to $2.4 billion, primarily reflecting higher spending on customer premise equipment. Co
Jul 23, 2026 · 100% conf.
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COMCAST REPORTS 2nd QUARTER 2026 RESULTS
PHILADELPHIA - July 23, 2026… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2026.
“Second quarter results show continued progress against our strategic priorities," said Brian L. Roberts and Mike Cavanagh, co-CEOs of Comcast Corporation. "In Connectivity & Platforms, our strategic pivot in broadband is gaining traction, and we are seeing that progress extend across the broader connectivity portfolio. We delivered our best wireless quarter ever, surpassing 10 million total lines, while penetration remains below 7% of addressable wireless lines in our footprint - giving us substantial runway to deepen convergence and grow customer relationships. Business Services also continued its industry-leading growth, reinforcing the strength and breadth of our portfolio. Within Content & Experiences, Media delivered mid-single digit EBITDA growth and Peacock reached profitability for the first time, supported by a broad slate of sports, entertainment and major live events that drove strong engagement across our platforms. Our Studios continued to perform at a high level across franchises, animation, originals and specialty titles, capped by the recent success of The Odyssey. While we are seeing some near-term softness in Theme Parks, we remain confident in the long-term opportunity, supported by our world-class brands, attractive locations and proven ability to create attractions and experiences that drive real consumer demand. Across the company, we generated $4.6 billion of free cash flow, returned $2.1 billion to shareholders and announced our intention to separate NBCUniversal and Sky - an important step toward creating two focused companies with the financial strength and flexibility to pursue their respective growth strategies."
($ in millions, except per share data)
2nd Quarter
Consolidated Results20262025Change
Revenue $29,940 $30,313 (1.2%)
Pro Forma Revenue1 $29,568 $28,249 4.7%
Net Income Attributable to Comcast$3,526 $11,123 (68.3%)
Adjusted Net Income2 $3,710 $4,653 (20.3%)
Adjusted EBITDA3 $8,902 $10,283 (13.4%)
Pro Forma Adjusted EBITDA1 $8,923 $9,423 (5.3%)
Earnings per Share4 $0.99 $2.98 (66.9%)
Adjusted Earnings per Share2 $1.04 $1.25 (16.7%)
Net Cash Provided by Operating Activities$8,092 $7,815 3.5%
Free Cash Flow5 $4,604 $4,501 2.3%
For additional detail on segment revenue and expenses, customer metrics, capital expenditures, and free cash flow, please refer to the trending schedule on Comcast’s Investor Relations website at www.cmcsa.com.
2nd Quarter 2026 Highlights:
•Generated Consolidated Adjusted EBITDA of $8.9 Billion, Adjusted EPS of $1.04 and Free Cash Flow of $4.6 Billion
•Returned $2.1 Billion to Shareholders Through a Combination of $1.2 Billion in Dividend Payments and $900 Million in Share Repurchases
•Continued to Gain Traction with Our New Go-to-Market Strategy Reflected by Domestic Residential Broadband Customer Net Losses Improving by 34,000 Year-over-Year, and Domestic Wireless Customer Line Net Additions of 448,000 - Our Best Quarterly Result on Record; Total Wireless Lines Increased to 10.2 Million, with Penetration at 7% of Total Addressable Wireless Lines in Our Footprint
•Business Services Connectivity Revenue Increased 3.7% to $2.7 Billion, EBITDA Increased 5.0% to $1.5 Billion and EBITDA Margin Was 56.7%
•Peacock Achieved Quarterly Profitability for the First Time Ever with EBITDA of $189 Million, Increasing $290 Million Year-over-Year; Paid Subscribers Increased by 2 Million Net Additions in the Quarter to 48 Million, Driven by NBA Playoffs, FIFA World Cup and Love Island USA
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•Studios EBITDA Increased $141 Million Year-over-Year Driven by the Successful Theatrical Performances of The Super Mario Galaxy Movie, Obsession and the International Distribution of Michael; The Super Mario Galaxy Movie Grossed Over $1 Billion in Worldwide Box Office Year-to-Date, Pushing the Franchise's Cumulative Total Past $2 Billion; Obsession Grossed Over $400 Million in Worldwide Box Office Year-to-Date, Becoming Focus Features' Highest-Grossing Film in History
•FIFA World Cup 2026 Drove Record-Breaking Engagement Across Telemundo and Peacock, with the Top Ten Most-Watched Matches in Spanish Language History
•Announced the Intention to Separate into Two Publicly Traded Companies Through a Tax-Free Spin-off of NBCUniversal and Sky
2nd Quarter Consolidated Financial Results
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Revenue decreased 1.2% compared to the prior year period. Net Income Attributable to Comcast was $3.5 billion, compared to $11.1 billion in the prior year period, which included a $9.4 billion gain from the sale of our interest in Hulu. Adjusted Net Income decreased 20.3%. Adjusted EBITDA decreased 13.4%. On a pro forma basis to reflect the Versant separation, which was completed on January 2, 2026, and the sale of our Sky operations in Germany, which
Apr 23, 2026
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COMCAST REPORTS 1st QUARTER 2026 RESULTS
PHILADELPHIA - April 23, 2026… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2026.
“2026 is an important year of execution, and we're seeing tangible early signs our pivot is taking hold," said Brian L. Roberts and Mike Cavanagh, co-CEOs of Comcast Corporation. "Broadband subscriber losses improved by more than 100,000 year-over-year, and we delivered record wireless line additions as customers respond to simpler, more transparent offers and a better end-to-end experience. Legendary February showcased the strength of our Media portfolio, leveraging the unmatched reach of the Milan Cortina Winter Olympics and the Super Bowl to drive record advertising and strong Peacock growth, while also powering our ability to market our connectivity products at scale. Importantly, we generated $3.9 billion in free cash flow and returned $2.5 billion to shareholders this quarter even as we continued to lean into investments across our core growth businesses, underscoring our disciplined approach to capital allocation."
($ in millions, except per share data)
1st Quarter
Consolidated Results20262025Change
Revenue $31,457 $29,887 5.3%
Pro Forma Revenue1 $31,457 $28,369 10.9%
Net Income Attributable to Comcast$2,174 $3,375 (35.6%)
Adjusted Net Income2 $2,863 $4,132 (30.7%)
Adjusted EBITDA3 $7,929 $9,532 (16.8%)
Pro Forma Adjusted EBITDA1 $7,929 $8,692 (8.8%)
Earnings per Share4 $0.60 $0.89 (32.6%)
Adjusted Earnings per Share2 $0.79 $1.09 (27.5%)
Net Cash Provided by Operating Activities$6,891 $8,294 (16.9%)
Free Cash Flow5 $3,901 $5,421 (28.0%)
For additional detail on segment revenue and expenses, customer metrics, capital expenditures, and free cash flow, please refer to the trending schedule on Comcast’s Investor Relations website at www.cmcsa.com.
1st Quarter 2026 Highlights:
•Generated Consolidated Adjusted EBITDA of $7.9 Billion, Adjusted EPS of $0.79 and Free Cash Flow of $3.9 Billion
•Returned $2.5 Billion to Shareholders Through a Combination of $1.2 Billion in Dividend Payments and $1.3 Billion in Share Repurchases
•At Connectivity & Platforms, Connectivity Revenue Increased 1.6% to $11.6 Billion, Primarily Reflecting Growth in Domestic Wireless Equipment, Business Services Connectivity, Domestic Wireless Service and International Connectivity
•Gained Traction with Our New Go-to-Market Strategy Reflected by Domestic Residential Broadband Customer Net Losses Improving by 117,000 Year-over-Year to 65,000, and Domestic Wireless Customer Line Net Additions of 435,000 - Our Best Quarterly Result on Record; Total Wireless Lines Increased to 9.7 Million, Reaching 16% Penetration of Domestic Residential Broadband Customers
•Business Services Connectivity Revenue Increased 5.8% to $2.6 Billion, EBITDA Increased 3.8% to $1.5 Billion and EBITDA Margin Was 55.9%
•“Legendary February” Delivered Record-Setting Viewership, Reaching Over 225 Million Americans with the Milan Cortina Olympics - the Most-Watched Winter Games Since 2014 - Averaging 23.5 Million Viewers; Super Bowl LX - the Most-Watched Show in NBCU's Company History - Averaging 125 Million Viewers and the Second Most-Watched Event of All Time; and the NBA All-Star Game Delivering Its Largest Audience Since 2011
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•Peacock Delivered Strong Growth with Paid Subscribers Increasing 12% Year-over-Year to 46 Million and Revenue Growth of 71%, Surpassing $2 Billion for the First Time
•Theme Parks EBITDA Increased 33% to $551 Million, Fueled by the Opening of Epic Universe in May 2025
1st Quarter Consolidated Financial Results
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Revenue increased 5.3% compared to the prior year period. Net Income Attributable to Comcast decreased 35.6%. Adjusted Net Income decreased 30.7%. Adjusted EBITDA decreased 16.8%. On a pro forma basis to reflect the separation of Versant, which was completed on January 2, 2026, revenue increased 10.9% and Adjusted EBITDA decreased 8.8%.
Earnings per Share (EPS) decreased 32.6% to $0.60. Adjusted EPS decreased 27.5% to $0.79.
Capital Expenditures increased 4.4% to $2.4 billion. Connectivity & Platforms’ capital expenditures increased 13.4% to $1.8 billion, primarily reflecting higher spending on customer premise equipment, scalable infrastructure and support capital. Content & Experiences' capital expenditures decreased 20.1% to $481 million, reflecting the opening of Epic Universe in May 2025.
Net Cash Provided by Operating Activities was $6.9 billion. Free Cash Flow was $3.9 billion.
Dividends and Share Repurchases. Comcast paid dividends totaling $1.2 billion and repurchased 42 million of its shares for $1.3 billion, resulting in a total return of capital to shareholders of $2.5 billion.
Connectivity & Platforms
($ in millions) Constant Currency Change7
1st Quarter
2026 20256 Change
Connectivity & Platforms Revenue
Residential Connectivity & Platforms$17,323$17,665(1.
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