Comcast (CMCSA) Q3 Earnings Beat with $29.3B Revenue and $1.07 EPS

Published on 10/22/2026 · Source: cnbc.com

#CMCSA #Streaming #Broadband #Earnings #Media

Comcast (CMCSA) Q3 Earnings Beat with $29.3B Revenue and $1.07 EPS

AI Summary

Summarized by AI from the source below

Comcast (CMCSA) reported third-quarter earnings that surpassed Wall Street expectations despite weakness in its connectivity segment and theme parks business. The company posted adjusted earnings per share (EPS) of $1.07 compared to the expected 98 cents. Total revenue was $29.3 billion, slightly above the anticipated $29.28 billion.

The media division showed strength with revenue rising 13% year over year to $5.4 billion, helped by its Peacock streaming service, which posted $261 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) on $1.8 billion in revenue. Peacock’s profits were supported by record-high FIFA World Cup viewership. The broader content and experiences unit, including film studios and theme parks, saw a 6.5% revenue increase. However, Comcast’s connectivity and platforms revenue declined 2.7% year over year, recording losses of 144,000 domestic broadband residential customers and 274,000 cable customers. Its mobile segment added 368,000 customers, reflecting a strategic shift towards mobile with competitive pricing plans announced in January 2025.

Comcast also announced plans to spin off its NBCUniversal and Sky media businesses over about a year, creating two publicly traded companies to allow more focused investments. The company’s net income was $3.45 billion, or 97 cents per share, up from $3.33 billion and 90 cents per share a year earlier. Adjusting for spin-offs like Versant, year-over-year revenue was flat. This performance highlights Comcast’s pivot to streaming and mobile to offset declines in traditional broadband, which is important for investors tracking growth and profitability amid industry changes.

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Our take

Opinion from the Newsstocks AI desk, not investment advice

We think Comcast's earnings beat highlights the strength of its media and streaming businesses as key growth drivers. The ongoing connectivity customer losses show challenges in legacy segments. The planned spin-offs could unlock value through more focused business units but will take time. Continued gains in mobile and streaming will be critical for Comcast's future earnings growth.

Key numbers

Adjusted earnings per share (EPS): $1.07
Total revenue: $29.3 billion
Peacock adjusted EBITDA: $261 million
Peacock revenue: $1.8 billion

What could help

Strong growth in the media division including record viewership for FIFA World Cup boosts streaming revenue.
Mobile business additions reflect a successful strategic shift toward competitive pricing.

What could hurt

Continued losses in broadband and cable customers weigh on connectivity revenue.
Pressure from competition in connectivity and theme parks could limit growth.

What to watch next

Comcast will execute its spin-off of NBCUniversal and Sky into two separate public companies over about one year.

The background

Earnings reports show how much profit and revenue a company made in a period. These reports help investors assess company health and future prospects.

Questions readers ask

What strategic changes has Comcast made recently?

Comcast announced plans to spin off NBCUniversal and Sky into separate companies and is focusing more on its mobile business with competitive pricing.