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 Results | 2026 | 2025 | Change | |||||
| 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
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