CMCSA Comcast (CMCSA) Q3 FY26 earnings call
Comcast is navigating an intensely competitive environment by making significant strategic investments in its connectivity business, focusing on pricing, packaging, and customer experience, which are creating near-term financial pressure but are deemed necessary for long-term growth. The company is also progressing with the planned separation of NBCUniversal and Rosaland Sky by mid-next year, aiming to create two independent, financially strong entities. Management expresses confidence in the future of both companies, highlighting structural advantages and opportunities for value creation.
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CMCSA operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | This call Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Paid subscribers Wireless | 8.1MThis resulted in the best quarter of new wireless net additions in 2 years, bringing our total wireless lines to 8.1 million.Source: earnings call transcript | — | — | — | 10.6MWe ended the quarter with 10.6 million total wireless lines, up 18% year-over-year and 40% over 2 years.Source: earnings call transcript | — |
| Paid subscriber net additions Broadband | -199KThis contributed to the loss of 199,000 customers in the quarter, while broadband ARPU grew 3.3%, leading to growth in broadband revenue of 1.7%.Source: earnings call transcript | -181KSubscriber losses were 181,000 as the early traction we're seeing from our new initiatives was more than offset by continued competitive intensity.Source: earnings call transcript | -65KBroadband subscriber losses improved by 117,000 year-over-year to 65,000.Source: earnings call transcript | — | -144KWe lost 144,000 broadband subscribers and added 368,000 net wireless lines in the quarter.Source: earnings call transcript | — |
| Paid subscriber net additions Wireless | 323KWe accelerated wireless net line additions to 323,000 in the quarter, both an improvement year-over-year and sequentially, bringing our total wireless lines to 8.1 million.Source: earnings call transcript | 364KWe added 364,000 wireless lines and similar to last quarter, nearly half of our residential postpaid connects came from customers taking a free line.Source: earnings call transcript | 435KWe added 435,000 net wireless lines, our strongest quarter on record with nearly half of our residential postpaid phone connects coming from customers taking a free line.Source: earnings call transcript | — | 368KWe lost 144,000 broadband subscribers and added 368,000 net wireless lines in the quarter.Source: earnings call transcript | — |
| Paid subscribers Peacock | 41MWe ended the quarter at 41 million paid subscribers with net additions in the quarter, driven by the entitlements from the Charter bundle we introduced at the end of the quarter.Source: earnings call transcript | 44MPeacock revenue grew more than 20% to a record $1.6 billion, supported by strong distribution revenue growth of over 30% as paid subscribers increased 8 million year-over-year and 3 million sequentially, reaching 44 million as of December 31st.Source: earnings call transcript | — | 48MPeacock added another 2 million paid subscribers in this quarter, bringing us to 48 million paid subscribers and had its biggest viewership month ever in June, fueled by the World Cup and Love Island.Source: earnings call transcript | 48MNow reflecting on this quarter, in media, Peacock was profitable for the second consecutive quarter and ended the period with 48 million subscribers.Source: earnings call transcript | 0% |
| Paid subscriber net additions Peacock | — | 3MPeacock revenue grew more than 20% to a record $1.6 billion, supported by strong distribution revenue growth of over 30% as paid subscribers increased 8 million year-over-year and 3 million sequentially, reaching 44 million as of December 31st.Source: earnings call transcript | 2MWe added 2 million net new subscribers in the quarter with revenue up more than 70%, putting Peacock on track to approach profitability for the first time next quarter.Source: earnings call transcript | 2MIn just 6 years, we've built Peacock into a streaming business with real scale in the US We've added 2 million paid subscribers in each of the last 2 quarters, had our biggest viewership month ever in June and reach profitability, all anchored by what NBCUniversal does best: premium entertainment, live sports, news and extraordinary storytelling.Source: earnings call transcript | — | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.