Key facts
- Comcast reported first-quarter 2026 revenue of $31.5 billion, exceeding analyst expectations of $30.4 billion.
- Peacock's revenue increased to $2.0 billion, with paid subscribers growing to 46 million.
- The company's net income decreased by 35.6% to $2.2 billion, while adjusted earnings per share were $0.79, surpassing analyst estimates.
- Broadband subscriber losses improved by 117,000 year-over-year, and domestic wireless line additions hit a record 435,000.
- Comcast generated $3.9 billion in free cash flow and returned $2.5 billion to shareholders.
Comcast Corporation reported first-quarter 2026 results, with revenue of $31.5 billion, surpassing analyst expectations of $30.4 billion. The company's media unit, NBCUniversal, saw its streaming service Peacock post revenue of $2.0 billion, up from $1.2 billion in the prior year, driven by an increase in paid subscribers to 46 million. This growth was aided by the inclusion of NBA games and the Winter Olympics.
Despite the revenue gains, Comcast's net income attributable to the company fell 35.6% to $2.2 billion. However, adjusted earnings per share came in at $0.79, beating analyst forecasts of $0.73. The company highlighted improvements in its broadband business, with net losses decreasing by 117,000 year-over-year, and a record 435,000 domestic wireless line net additions.
Comcast generated $3.9 billion in free cash flow and returned $2.5 billion to shareholders through dividends and share repurchases. The company's media portfolio benefited significantly from the Winter Olympics and the Super Bowl, driving record advertising revenue and strong Peacock growth, which also helped market connectivity products.