Comcast reported second-quarter 2026 results with consolidated revenue of $29.94 billion and Adjusted EBITDA of $8.90 billion. Adjusted diluted earnings per share were $1.04 while net income attributable to Comcast was $3.53 billion for the quarter. The company generated $4.60 billion of free cash flow and announced the intention to separate NBCUniversal and Sky.

Financial Highlights

  • Revenue: $29,940 million for the three months ended June 30, 2026.
  • Adjusted EBITDA: $8,902 million for the three months ended June 30, 2026.
  • Net income attributable to Comcast: $3,526 million for the quarter.
  • Adjusted diluted earnings per share (Adjusted EPS): $1.04 for the quarter; Diluted EPS: $0.99.
  • Free Cash Flow: $4,604 million for the quarter; Net cash provided by operating activities: $8,092 million.

Business Highlights

  • Connectivity & Platforms: Total Connectivity & Platforms revenue was $19,795 million; Residential Connectivity & Platforms revenue decreased versus prior year while Business Services connectivity revenue increased 3.7% to $2,671 million.
  • Wireless growth: Achieved record quarterly domestic wireless line net additions of 448,000, bringing total domestic wireless lines to 10.2 million with penetration ~7% of addressable lines in Comcast's footprint.
  • Residential trends: Domestic residential broadband net losses improved year-over-year (net loss of 167,000 broadband customers); total residential customer relationships decreased to 47.7 million (down 230,000).
  • Content & Experiences: Media revenue rose to $5,691 million (including $440 million from the FIFA World Cup); Peacock reached quarterly profitability with segment-level Adjusted EBITDA of $189 million and added 2 million paid subscribers in the quarter to 48 million.
  • Studios & Theme Parks: Studios revenue increased driven by strong theatrical performance (including The Super Mario Galaxy Movie and Obsession); Theme Parks revenue rose modestly but Adjusted EBITDA declined due to higher operating costs, with near-term softness noted.

Original SEC Filing:

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