AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Comcast Q3 2026 revenue fell 6.1% YoY to $29.3B, driven by the Versant Separation and Sky Germany sale, while Adjusted EBITDA declined 5.8% to $9.1B.
Decreases in average broadband rates and declines in domestic broadband customers, plus lower video revenue, partially offset by wireless growth.
Media$5.4B+13.0% YoY
Impact of FIFA World Cup in the third quarter of 2026; excluding it, growth from domestic distribution and international networks.
Studios$3.0B-1.1% YoY
Lower content licensing due to timing of content made available, partially offset by higher theatrical revenue from recent releases.
Theme Parks$2.6B-4.4% YoY
Lower revenue from park admissions, including from increased promotional activity.
Business Services Connectivity$2.6B+2.7% YoY
Increases in revenue from enterprise solutions offerings.
Largest Expense Items
Programming and production$7.5B-13.2% YoY
Lower Connectivity programming costs from declines in domestic video subscribers and lower programming costs at Peacock and international networks, partially offset by World Cup costs.
Other operating and administrative$10.6B-1.4% YoY
Decrease from the Versant Separation, Sky Germany sale and Connectivity decline, partially offset by Content & Experiences growth.
Marketing and promotion$2.1B-3.5% YoY
Not separately explained at consolidated level; segment commentary cites higher Peacock and linear network marketing offset by lower Studios spending.
Amortization$1.3B-21.1% YoY
Lower amortization of customer relationships and other agreements and rights due to the Versant Separation.
Margins: Adjusted EBITDA fell to $9.1B from $9.7B, with the Connectivity & Platforms Adjusted EBITDA margin down 70 bps to 38.6%, driven by lower residential broadband rates and wireless equipment costs, partially offset by the cost base reduction.
Watch Items from the Filing
Proposed NBCUniversal and Sky spin-off expected mid-2027; share repurchases suspended as of Q3 2026, with $6.7B remaining authorization.
Domestic broadband customers declined 144K in the quarter and video customers fell 274K, with increasingly competitive environment cited.
Peacock paid subscribers reached 48 million, up from 41 million a year earlier, supporting Media distribution revenue growth.
Q3 2026 included $26M of NBCUniversal spin-off transaction costs and $1.0B of Sky Germany-related items were excluded from segment results.
Net income attributable to Comcast fell with pre-tax income down 0.5%, and Q3 Investment and other income was $88M versus $9.7B YTD gain in 2025 from Hulu sale.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About COMCAST CORP (CCZ): stock profile, AI score and financials
COMCAST CORP (CCZ) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores CCZ at 58.0/100 on a composite quality score built from its SEC filings, placing it at rank #1,043 of 2,925 stocks — the top half of the AI-ranked universe. CCZ scores in the top quartile across revenue scale (98.8). Areas of concern include revenue growth (24.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), COMCAST CORP reports quarterly revenue of $29.3B, net income of $3.4B, an operating margin of 18.2%. Top institutional holders of CCZ by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. CCZ trades on the Nasdaq exchange and files with the SEC under CIK 1166691. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CCZ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for COMCAST CORP directly from SEC EDGAR.