Comcast reported third quarter 2026 revenue of $29.30 billion, slightly exceeding estimates, while adjusted EPS of $1.07 beat the $0.98 consensus. Performance was driven by record theatrical results and Peacock’s second consecutive profitable quarter, which helped offset a 4.7% decline in domestic broadband revenue and continued subscriber attrition in the cable segment.
Key Highlights
- Domestic broadband residential customers decreased by 144,000, reflecting persistent competitive pressure in the connectivity market.
- Peacock generated $261 million in Adjusted EBITDA on $1.8 billion in revenue, driven by distribution growth and a 17% year-over-year increase in paid subscribers to 48 million.
- Universal Studios reached $5 billion at the global box office for 2026, led by "The Odyssey," which has earned nearly $1.8 billion year-to-date.
- Domestic wireless lines grew by 368,000 to reach 10.6 million total lines, now penetrating nearly 18% of the domestic residential broadband base.
- Theme Park Adjusted EBITDA declined 17.1% to $780 million, primarily due to lower park admissions and increased promotional activity.