Comcast Corporation reported its financial results for the three months ended September 30, 2026, in a press release filed with the SEC on October 22, 2026. The company reported consolidated revenue of $29.3 billion for the third quarter of 2026, a decrease of 6.1% compared to the prior year period. Despite the revenue decline, Net Income Attributable to Comcast increased by 3.5% to $3.4 billion.
On a pro forma basis, which reflects the separation of Versant and the sale of Sky, revenue and Adjusted EBITDA were consistent with the prior year period. Earnings per Share (EPS) increased 7.2% to $0.97, while Adjusted EPS decreased 4.0% to $1.07. The company generated $4.2 billion in Free Cash Flow and paid $1.2 billion in dividend payments to shareholders during the quarter.
Comcast’s Connectivity & Platforms segment reported total revenue of $19.7 billion, a decrease of 2.7% year-over-year. Residential Connectivity & Platforms revenue decreased 3.5% to $17.0 billion, while Business Services Connectivity revenue increased 2.7% to $2.6 billion. The segment’s total Adjusted EBITDA was $7.6 billion, with a margin of 38.6%. The company noted that total domestic broadband residential customer net losses were 144,000, while total domestic wireless line net additions were 368,000, bringing the total wireless lines to 10.6 million.
Content & Experiences reported total revenue of $10.5 billion, an increase of 6.5% year-over-year. Media revenue increased 13.0% to $5.4 billion, driven by higher domestic distribution and advertising revenue. Studios revenue increased 18.6% to $402 million, while Theme Parks revenue decreased 4.4% to $2.6 billion. The segment’s total Adjusted EBITDA increased 29.3% to $1.8 billion. Peacock delivered its second consecutive profitable quarter, generating $261 million in Adjusted EBITDA on $1.8 billion in revenue, with paid subscribers increasing 17% year-over-year to 48 million.
