AI Earnings Predictions for Comcast Corporation (CMCSA)

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PRESS RELEASE

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

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PRESS RELEASE

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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PRESS RELEASE

COMCAST REPORTS 4th QUARTER 2025 RESULTS

PHILADELPHIA - January 29, 2026… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2025.

"2025 was a year of meaningful progress as we made decisive changes to position the company for long-term, sustainable growth," said co-CEOs Brian L. Roberts and Mike Cavanagh. "It was also our best year ever in wireless, with 1.5 million net line additions and more than 9 million total lines, clear evidence of the strength of our converged connectivity strategy. We launched the most significant broadband go-to-market shift in our history, simplifying how we sell to and serve customers, and we are seeing encouraging early results. Epic Universe is off to a terrific start, driving higher per-cap spending and attendance across Orlando; and Peacock delivered double-digit revenue growth, underscoring the momentum of its sports and entertainment lineup, including the debut of the NBA on NBC and Peacock. We also completed the spin of Versant Media, creating a more focused NBCUniversal centered on streaming, live sports, and premium content. Even as we invested behind these initiatives, we generated record levels of free cash flow and maintained a strong balance sheet, reflecting a disciplined approach to capital allocation as we remain focused on execution in 2026."

($ in millions, except per share data)

4th QuarterFull Year

Consolidated Results20252024Change20252024Change

Revenue $32,310 $31,915 1.2%$123,707 $123,731 —%

Net Income Attributable to Comcast$2,168 $4,778 (54.6%)$19,998 $16,192 23.5%

Adjusted Net Income1 $3,062 $3,694 (17.1%)$15,972 $16,937 (5.7%)

Adjusted EBITDA2 $7,900 $8,807 (10.3%)$37,384 $38,069 (1.8%)

Earnings per Share3 $0.60 $1.24 (52.0%)$5.39 $4.14 30.1%

Adjusted Earnings per Share1 $0.84 $0.96 (12.4%)$4.31 $4.33 (0.6%)

Net Cash Provided by Operating Activities$8,841 $8,080 9.4%$33,643 $27,673 21.6%

Free Cash Flow4 $4,369 $3,260 34.0%$19,235 $12,543 53.4%

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.

4th Quarter and Full Year 2025 Highlights:

•Generated Consolidated Adjusted EBITDA of $7.9 Billion in the Fourth Quarter and $37.4 Billion for the Full Year; Adjusted EPS of $0.84 in the Fourth Quarter and $4.31 for the Full Year; and Free Cash Flow of $4.4 Billion in the Fourth Quarter and $19.2 Billion for the Full Year

•Returned $2.7 Billion to Shareholders in the Fourth Quarter Through $1.2 Billion in Dividend Payments and $1.5 Billion in Share Repurchases. Total Capital Returned for the Full Year Was $11.7 Billion, Including $6.8 Billion in Share Repurchases, Reducing Shares Outstanding by 5%

•At Connectivity & Platforms, Connectivity Revenue Increased 3.2% to $11.6 Billion in the Fourth Quarter and 4.2% to $46.0 Billion for the Full Year, Driven By Growth In Domestic Wireless, International Connectivity and Business Services Connectivity

•Domestic Wireless Delivered its Best Year Ever With 1.5 Million Net Line Additions, Reaching 9.3 Million Total Lines and Surpassing 15% Penetration of Domestic Residential Broadband Customers, Reflecting Strong Demand for Our Converged Broadband and Mobile Offers

•Advanced Our New National Go-to-Market Strategy, Including Simplified Internet Plans Featuring Everyday Pricing, Everything Included and a 5-Year Price Guarantee; Alongside New Wireless Offers, Including a Free Xfinity Unlimited Mobile Line for One Year and a Premium Unlimited Plan Offering Gigabit Speeds and Enhanced Features

•Launched the NBA Across NBC and Peacock With the Best Season Start for Any Network in 24 Years; Sunday Night Football Remained Primetime's #1 Show for the 15th Consecutive Year, Averaging 23.5 Million Viewers Across NBC and Peacock

•Peacock Paid Subscribers Increased 22% Year-over-Year to 44 Million; Revenue Grew 23% to $1.6 Billion in the Fourth Quarter and 10% to $5.4 Billion for the Full Year; and Adjusted EBITDA Losses Improved by Over $700 Million for the Full Year, Including the Impact of NBA Rights Beginning in the Fourth Quarter

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•Wicked: For Good Premiered in November, With the Franchise Now Grossing $1.3 Billion Worldwide, Becoming the #1 Broadway-to-Feature Film Adaptation of All-Time

•Theme Parks Adjusted EBITDA Increased 24% in the Fourth Quarter, Surpassing $1.0 Billion in Quarterly EBITDA for the First Time, Fueled by the Opening of Epic Universe in May

•Completed the Tax-Free Separation of Versant Media Group on January 2, 2026, with Comcast Shareholders Receiving One Share of Versant for Every 25 Shares of Comcast

4th Quarter Consolidated Financial Results

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Revenue increased 1.2% compared to the prior year period. Net Income Attributable to Comcast decreased 54.6%, reflecting an unfavorable comparison to the prior year pe