Comcast quarterly earnings beat as company advances NBCUniversal and Sky separation

Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) reported stronger-than-expected 2nd 4th 2026 results connected Thursday, with adjusted net per stock and gross topping Wall Street expectations, portion the institution highlighted maturation crossed its connectivity businesses and the archetypal quarterly nett for streaming work Peacock.

The institution reported adjusted net per stock of $1.04 connected gross of $29.94 billion, compared with expert estimates of $0.97 per stock and $29.27 cardinal successful revenue. Adjusted EPS declined 16.7% from $1.25 successful the year-ago quarter, portion gross accrued 4.7% connected a pro forma basis.

"Second 4th results amusement continued advancement against our strategical priorities," Comcast co-CEOs Brian Roberts and Mike Cavanagh said successful a statement. "In Connectivity & Platforms, our strategical pivot successful broadband is gaining traction, and we are seeing that advancement widen crossed the broader connectivity portfolio."

Comcast highlighted its wireless concern arsenic a cardinal maturation area, reporting its strongest 4th connected grounds with 448,000 home wireless lawsuit nett additions. Total wireless lines accrued to 10.2 million, with penetration remaining beneath 7% of addressable wireless lines wrong its footprint.

Within Content & Experiences, Comcast reported that Peacock reached quarterly profitability for the archetypal time, generating $189 cardinal successful EBITDA compared with a nonaccomplishment successful the prior-year period. Paid subscribers accrued by 2 cardinal during the 4th to 48 million, supported by programming including the NBA playoffs, FIFA World Cup and "Love Island USA."

Media operations delivered mid-single-digit EBITDA growth, portion Comcast's studios concern reported higher EBITDA driven by theatrical releases and planetary distribution. The institution highlighted the show of "The Super Mario Galaxy Movie" and "Obsession," which contributed to year-over-year workplace EBITDA maturation of $141 million.

Comcast besides noted that FIFA World Cup 2026 sum drove grounds engagement crossed Telemundo and Peacock, with the apical 10 most-watched matches successful Spanish-language history.

Additionally, the institution announced during the 4th its volition to abstracted NBCUniversal and Sky into 2 publically traded companies done a tax-free spin-off. Comcast said the separation is intended to make 2 focused companies with greater fiscal flexibility to prosecute their respective maturation strategies.

Shares of Comcast fell 2% to astir $23 pursuing the report.