Comcast 8-K
Earnings
Buybacks suspended, with the pause expected through the proposed NBCUniversal and Sky separation; Peacock posted its second straight profitable quarter.
Filed 2026-10-22 07:05 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results. Revenue fell 6.1% as reported, while net income attributable to Comcast rose 3.5%; excluding the Versant separation and Sky Germany sale, revenue and adjusted EBITDA grew 0.5% and 0.8%. Peacock posted its second consecutive profitable quarter, and Comcast said the proposed separation of NBCUniversal and Sky remains on track.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $29.3B, -6.1% Y/Y | $90.7B, -0.8% Y/Y |
| Operating income | $5.32B, -3.9% Y/Y | $14.6B, -14.9% Y/Y |
| Net income attributable to Comcast Corporation | $3.45B, +3.5% Y/Y | $9.15B, -48.7% Y/Y |
| Adjusted net income, non-GAAP | $3.82B, -7.3% Y/Y | $10.4B, -19.5% Y/Y |
| Adjusted EBITDA, non-GAAP | $9.11B, -5.8% Y/Y | $25.9B, -12.0% Y/Y |
| Diluted EPS | $0.97, +7.2% Y/Y | $2.55, -46.5% Y/Y |
| Adjusted diluted EPS, non-GAAP | $1.07, -4.0% Y/Y | $2.90, -16.1% Y/Y |
| Net cash provided by operating activities | $7.90B, -9.1% Y/Y | $22.9B, -7.7% Y/Y |
| Free cash flow, non-GAAP | $4.21B, -14.8% Y/Y | $12.7B, -14.5% Y/Y |
- Pro forma for the Versant separation and Sky Germany sale, Q3 revenue was $29.3B, +0.5% Y/Y, and adjusted EBITDA was $9.11B, +0.8% Y/Y. Peacock generated $1.8B in revenue and $261M in adjusted EBITDA, a $478M Y/Y improvement; paid subscribers rose 17% to 48M.
- Connectivity & Platforms adjusted EBITDA declined 4.4% to $7.59B, partly offset by 29.3% growth in Content & Experiences adjusted EBITDA to $1.80B. Theme Parks adjusted EBITDA fell 17.1% to $780M amid lower revenue and higher costs.
- Comcast paid $1.2B in Q3 dividends and suspended share repurchases beginning in Q3, with the pause expected to continue through the proposed separation. 9M repurchases under the program and employee plans were $2.52B vs $5.62B; diluted weighted-average shares were 3.583B vs 3.733B.
Guidance
No guidance in this filing.
Investor Takeaways
- Track progress on the proposed NBCUniversal and Sky separation; Comcast says it remains on track.
The summary is written by an AI model reading the filing.
Model 005 · prompt v95 · 2026-10-22 14:33:24Z