NASDAQ:CMCSA

Comcast Rises 3.7% as Peacock Turns Profitable and Wireless Growth Offsets Core Pressure

Comcast (NASDAQ: CMCSA) shares rose about 3.7% after the company reported third-quarter results showing continued pressure in its core connectivity business, but improving profitability at Peacock, strong wireless growth and solid free cash flow.

Revenue fell 6.1% year over year to $29.3 billion, largely reflecting portfolio changes. On a pro forma basis adjusting for the Versant separation and the sale of Sky Germany, revenue increased 0.5%. Adjusted EBITDA declined 5.8% to $9.1 billion, while pro forma adjusted EBITDA rose 0.8%.

Adjusted EPS slipped 4% to $1.07, although reported EPS increased 7.2% to $0.97. Free cash flow was $4.2 billion, down 14.8% from a year earlier, while operating cash flow totaled $7.9 billion.

Wireless remained a bright spot. Comcast added 368,000 domestic wireless lines in the quarter and 1.6 million over the last 12 months, bringing total wireless lines to 10.6 million. Nearly 45% of broadband customers are now on gigabit-plus tiers, while premium unlimited plans represented about 40% of postpaid phone connects.

Peacock delivered one of the strongest improvements in the quarter, generating $261 million of adjusted EBITDA versus a loss a year earlier, an improvement of $478 million. Revenue reached $1.8 billion and paid subscribers increased 17% to 48 million.

Content performance was also strong. Universal Studios surpassed $5 billion in global box-office revenue, while The Odyssey became Universal’s highest-grossing film ever with nearly $1.8 billion in worldwide box office. Studios EBITDA increased 18.6% to $402 million.

The 3.7% gain appears to reflect investor focus on Peacock’s profitability, continued wireless momentum and improving underlying results after adjusting for portfolio changes, despite weaker adjusted EPS, lower free cash flow and continued pressure in parts of the core connectivity business.
Comcast reported first-quarter 2026 results with revenue rising 5.3% year-over-year and free cash flow reaching $3.9 billion. Adjusted EPS came in at $0.79, while adjusted EBITDA totaled $7.9 billion.

The company highlighted improving broadband trends, with subscriber losses narrowing significantly, and record wireless additions of 435,000 lines. Media performance was supported by strong viewership from major events including the Winter Olympics and the Super Bowl, while Peacock subscribers grew 12% to 46 million with revenue surpassing $2 billion.

Comcast returned $2.5 billion to shareholders through dividends and share repurchases, while continuing to invest in connectivity, media, and theme park expansion.

Source: Business Wire
Comcast Corporation will host a conference call to discuss financial results for the first quarter on Thursday, April 23, 2026, at 8:30 a.m. Eastern Time (ET).
Comcast Corporation (NASDAQ: CMCSA) announced that it is dividend is $1.32 per share on an annualized basis for 2026.
The Board of Directors declared a quarterly cash dividend of $0.33 a share on the company’s common stock, payable on April 22, 2026, to shareholders of record as of the close of business on April 1, 2026.
Comcast to Host Fourth-Quarter and Full-Year 2025 Earnings Call on January 29

Comcast Corporation announced that it will hold a conference call with the financial community to discuss its fourth-quarter and full-year 2025 financial results on Thursday, January 29, 2026, at 8:30 a.m. ET. The company will release its earnings report earlier the same morning.

The call will be broadcast live on Comcast’s Investor Relations website, with a replay available later that day.

Source: Comcast Corporation, Business Wire
Comcast board approves spin-off of Versant Media Group

Comcast announced that its Board of Directors has formally approved the separation of a major portfolio of NBCUniversal cable networks and digital assets into a new independent, publicly traded company called Versant Media Group. The spin-off will be executed through a pro rata distribution of Versant shares to Comcast shareholders, with one Versant share issued for every 25 Comcast shares held on the December 16, 2025 record date. The distribution is expected to occur after market close on January 2, 2026.

Versant will begin “when-issued” trading on Nasdaq under the symbol VSNTV around December 15, transitioning to regular-way trading under the symbol VSNT on January 5, 2026. Comcast shares will trade with or without spin-off rights during the interim period, labeled CMCSA and CMCSV respectively.

The new company will encompass major cable brands including USA Network, CNBC, MSNBC, Oxygen, SYFY and Golf Channel, along with digital platforms such as Fandango, Rotten Tomatoes and GolfNow. Comcast expects the separation to be tax-free, subject to final tax advisor approval.
Comcast Delivers Strong Q3 Cash Flow and Record Wireless Growth, Maintains Adjusted EPS Despite Revenue Decline

Comcast Corporation (NASDAQ: CMCSA) reported third-quarter 2025 revenue of $31.2 billion, down 2.7% year over year, primarily due to comparison with the prior year’s Paris Olympics revenue. Adjusted EPS held steady at $1.12, while GAAP EPS declined 3.4% to $0.90. Adjusted EBITDA remained stable at $9.7 billion, and free cash flow surged 45% to $4.9 billion, supported by higher operating cash generation. The company added a record 414,000 wireless lines, bringing total lines to 8.9 million and achieving over 14% penetration of its broadband base. Business Services revenue rose 6.2% to $2.6 billion, and Media EBITDA climbed 28%, driven by improved Peacock performance. Theme Parks EBITDA grew 13% to $958 million, fueled by the successful launch of Epic Universe.

Comcast returned $2.8 billion to shareholders through dividends and buybacks, while CEO Brian Roberts highlighted ongoing progress in broadband, wireless, and content investments positioning the company for sustained long-term growth.
Comcast announced the final results of its amended Pool 2 Exchange and Cash Offers, which expired on October 3, 2025. The company accepted $375.5 million of its 4.15% Notes due 2028 and $99.7 million of its 4.55% Notes due 2029 for exchange, and will issue about $480 million of new 5.168% Notes due 2037, bringing the total outstanding to approximately $1.17 billion.

Under the parallel cash offers, Comcast also repurchased $378.6 million of the 2028 notes and $67.6 million of the 2029 notes. All conditions of both offers were satisfied, with settlement expected on October 9, 2025. The new notes are unregistered and were offered only to qualified institutional or eligible non-U.S. investors.
Comcast Reports Results of Amended Pool 2 Exchange and Cash Offers

Comcast Corporation (NASDAQ: CMCSA) announced preliminary results for its amended Pool 2 exchange and cash offers, through which it plans to issue approximately $491 million in new 5.168% Notes due 2037. The offers cover its 4.150% 2028 and 4.550% 2029 notes, with all validly tendered securities expected to be accepted. The company also conducted parallel cash offers for the same series, receiving tenders totaling about $446 million.
Comcast reported preliminary results for its debt exchange and cash tender offers, saying it expects to accept all Pool 1 tenders and issue about $714 million of new 5.168% 2037 notes, while amending the Pool 2 offers for its 2028 and 2029 notes—now exchanging only into the 2037 notes and running through Oct. 3 with caps of $1 billion (exchange) and $600 million (cash), and settlement expected around Oct. 9.
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