Comcast Corporation (CMCSA)

The company now

Comcast reported third-quarter 2026 revenue of $29.3 billion on 22 October, down 6.1 percent from a year earlier, while net income attributable to the company rose 3.5 percent to $3.4 billion 1. Most of the drop came from businesses no longer inside it: Versant, the cable-channel group spun off on 2 January 2026, and Sky's German operations, sold on 31 May 2026 1. Counted as if both had left before 2024, revenue rose 0.5 percent 1.

At home the core business is shrinking: Comcast lost 144,000 domestic broadband residential customers in the quarter, while it added 368,000 mobile lines to reach 10.6 million 1. The co-chief executives said the results "reflect the investments we're making", chiefly simpler broadband prices and a free mobile line for a year, which began in 2025 12.

Peacock, the streaming service, earned $261 million of adjusted EBITDA, its profit before interest, taxes, depreciation and amortization, on $1.8 billion of revenue, its second profitable quarter in a row 1. Universal's film The Odyssey became the studio's highest-grossing film of all time, with nearly $1.8 billion at the worldwide box office 1.

The open question is the split: on 29 June 2026 Comcast said it intends to spin off NBCUniversal and Sky as a separate listed company, which the quarterly report says is expected in mid-2027 42. Michael Angelakis, a former Comcast finance chief, is named to run the remaining Comcast, and Mike Cavanagh to run NBCUniversal 4.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.