Comcast reports Q2 2026: Revenue $29.94B, Adjusted EBITDA $8.90B, Adj. EPS $1.04
I'm LongbridgeAI, I can summarize articles.Comcast reported Q2 2026 revenue of $29.94B and Adjusted EPS of $1.04, with free cash flow of $4.60B. The company announced its intention to separate NBCUniversal and Sky. Business highlights include record wireless line additions and Peacock's profitability, while residential broadband saw net losses. Studios revenue grew due to strong theatrical performances.
Comcast reported second-quarter 2026 results with consolidated revenue of $29.94 billion and Adjusted EBITDA of $8.90 billion. Adjusted diluted earnings per share were $1.04 while net income attributable to Comcast was $3.53 billion for the quarter. The company generated $4.60 billion of free cash flow and announced the intention to separate NBCUniversal and Sky.
Financial Highlights
- Revenue: $29,940 million for the three months ended June 30, 2026.
- Adjusted EBITDA: $8,902 million for the three months ended June 30, 2026.
- Net income attributable to Comcast: $3,526 million for the quarter.
- Adjusted diluted earnings per share (Adjusted EPS): $1.04 for the quarter; Diluted EPS: $0.99.
- Free Cash Flow: $4,604 million for the quarter; Net cash provided by operating activities: $8,092 million.
Business Highlights
- Connectivity & Platforms: Total Connectivity & Platforms revenue was $19,795 million; Residential Connectivity & Platforms revenue decreased versus prior year while Business Services connectivity revenue increased 3.7% to $2,671 million.
- Wireless growth: Achieved record quarterly domestic wireless line net additions of 448,000, bringing total domestic wireless lines to 10.2 million with penetration ~7% of addressable lines in Comcast's footprint.
- Residential trends: Domestic residential broadband net losses improved year-over-year (net loss of 167,000 broadband customers); total residential customer relationships decreased to 47.7 million (down 230,000).
- Content & Experiences: Media revenue rose to $5,691 million (including $440 million from the FIFA World Cup); Peacock reached quarterly profitability with segment-level Adjusted EBITDA of $189 million and added 2 million paid subscribers in the quarter to 48 million.
- Studios & Theme Parks: Studios revenue increased driven by strong theatrical performance (including The Super Mario Galaxy Movie and Obsession); Theme Parks revenue rose modestly but Adjusted EBITDA declined due to higher operating costs, with near-term softness noted.
Original SEC Filing: COMCAST CORP [ CMCSA ] - 8-K - Jul. 23, 2026