Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) reported stronger-than-expected second quarter 2026 results on Thursday, with adjusted earnings per share and revenue topping Wall Street expectations, while the company highlighted growth across its connectivity businesses and the…
rst quarterly profit for streaming service Peacock. The company reported adjusted earnings per share of $1.04 on revenue of $29.94 billion, compared with analyst estimates of $0.97 per share and $29.27 billion in revenue
Adjusted EPS declined 16.7% from $1.25 in the year-ago quarter, while revenue increased 4.7% on a pro forma basis. “Second quarter results show continued progress against our strategic priorities,” Comcast co-CEOs Brian Roberts and Mike Cavanagh said in a statement. “In Connectivity & Platforms, our strategic pivot in broadband is gaining traction, and we are seeing that progress extend across the broader connectivity portfolio.” Comcast highlighted its wireless business as a key growth area, reporting its strongest quarter on record with 448,000 domestic wireless customer net additions. Total wireless lines increased to 10.2 million, with penetration remaining below 7% of addressable wireless lines within its footprint. Within Content & Experiences, Comcast reported that Peacock reached quarterly profitability for the first time, generating $189 million in EBITDA compared with a loss in the prior-year period.
Paid subscribers increased by 2 million during the quarter to 48 million, supported by programming including the NBA playoffs, FIFA World Cup and “Love Island USA.” Media operations delivered mid-single-digit EBITDA growth, while Comcast’s studios business reported higher EBITDA driven by theatrical releases and international distribution. The company highlighted the performance of “The Super Mario Galaxy Movie” and “Obsession,” which contributed to year-over-year studio EBITDA growth of $141 million. Comcast also noted that FIFA World Cup 2026 coverage drove record…