Comcast Corporation: Beat — EPS $1.07, Revenue $29.3B
Earnings BeatQ3 2026 · Pre-market
Did Comcast Corporation (CMCSA) beat earnings today?
Yes, Comcast Corporation (CMCSA) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+8.08% surprise
$1.07Actual
Expected: $0.99
vs. year ago -4.0%
Total Revenue+0.34% surprise
$29.3BActual
Expected: $29.2B
vs. year ago -6.1%
Released Oct 22 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $29.30B | $31.20B | -6.1 |
| Revenue detail — reported lines | |||
| └─Connectivity & Platforms Revenue | $19.66B | $20.21B | -2.7 |
| └─Residential Connectivity & Platforms | $17.02B | $17.64B | -3.5 |
| └─Business Services Connectivity | $2.65B | $2.58B | 2.7 |
| └─Domestic Broadband | $6.24B | $6.55B | -4.7 |
| └─Domestic Wireless Service | $1.05B | $915.00M | 14.7 |
| └─Domestic Convergence Revenue | $7.29B | $7.47B | -2.3 |
| └─Domestic Wireless Equipment | $475.00M | $331.00M | 43.6 |
| └─International Connectivity | $1.31B | $1.27B | 3.1 |
| └─Total Residential Connectivity | $9.08B | $9.07B | 0.1 |
| └─Video | $5.91B | $6.47B | -8.7 |
| └─Advertising | $918.00M | $893.00M | 2.9 |
| └─Content & Experiences Revenue | $10.54B | $9.90B | 6.5 |
| └─Media | $5.36B | $4.74B | 13.0 |
| └─Studios | $2.97B | $3.00B | -1.1 |
| └─Theme Parks | $2.60B | $2.72B | -4.4 |
| └─Content Licensing | $1.55B | $2.04B | -23.7 |
| └─Theatrical | $1.13B | $639.00M | 76.6 |
| └─Domestic Advertising | $1.78B | $1.56B | 14.6 |
| └─Domestic Distribution | $2.07B | $1.69B | 22.4 |
| └─International Networks | $1.27B | $1.24B | 2.5 |
| └─Corporate & Other Revenue | $341.00M | $315.00M | 8.2 |
| └─Eliminations Revenue | ($1.24B) | ($1.27B) | -2.5 |
| GAAP Diluted EPS | $0.97 | $0.90 | 7.2 |
| Adjusted EPS | $1.07 | $1.12 | -4.0 |
| Net Income Attributable to Comcast | $3.45B | $3.33B | 3.5 |
Business Highlights
- ➤Launched Xfinity Shield, an always-on cybersecurity, home and family protection platform.
- ➤Domestic wireless lines reached 10.6 million, with free-line conversions to paid relationships.
- ➤Nearly 45% of broadband customers adopted gig-plus speed tiers.
- ➤Premium Unlimited plans represented approximately 40% of postpaid phone connects.
- ➤Business Services growth was led by Enterprise solutions offerings.
- ➤Peacock recorded its second consecutive profitable quarter and paid subscribers reached 48 million.
- ➤The Odyssey became Universal's highest-grossing film of all time.
- ➤Universal became the first studio to reach $5 billion at the global box office in 2026.
- ➤Opened Fast & Furious: Hollywood Drift at Universal Studios Hollywood.
- ➤Suspended share repurchases through the proposed separation; paid $1.2 billion in dividends.
- ➤Progressed the separation of NBCUniversal and Sky into independent companies.
Management Commentary
Brian L. Roberts and Mike Cavanagh, co-CEOs of Comcast Corporation
“We are taking decisive steps to strengthen our businesses and unlock the full potential of their structural advantages. In Connectivity & Platforms, our near-term financial results reflect the investments we're making to navigate an increasingly dynamic environment. We're encouraged by improving customer satisfaction, strong conversion of free wireless lines to paid relationships, growing adoption of premium wireless plans across our 10.6 million total wireless lines and healthy growth in Business Services, led by Enterprise, where there is substantial opportunity ahead. At the same time, we're transforming our operations to move faster, improve efficiency and fully capitalize on the strength of our businesses. In Content & Experiences, Peacock delivered its second consecutive profitable quarter, generating $261 million in Adjusted EBITDA on $1.8 billion in revenue, driven by strong growth in distribution, while Universal surpassed $5 billion at the global box office, led by the record-breaking success of The Odyssey, now Universal's highest-grossing film of all time. Despite near-term cyclical headwinds in Theme Parks, we remain confident in the business's long-term growth potential. We generated $4.2 billion in free cash flow and are making meaningful progress on the separation of NBCUniversal and Sky, which remains on track to create two independent companies with the financial strength and flexibility to pursue their respective growth strategies.”