Comcast (CMCSA) earnings Q1 2026

Key Points:

• Comcast surpassed Wall Street expectations for Q1 revenue and earnings, driven by NBCUniversal's strong sports programming in February and reduced broadband customer losses, with broadband losses declining to 65,000 from 183,000 the previous year.
• The company added 435,000 new mobile lines, reaching 9.7 million mobile customers, while cable TV losses improved to 322,000 from 427,000 a year earlier; however, connectivity and platforms revenue fell 2% to $17.32 billion.
• Overall revenue rose 5% to $31.46 billion, boosted by NBCUniversal's 61% revenue increase to $7.28 billion, largely due to major events like the Super Bowl and Winter Olympics, with domestic advertising up 135% to $3.45 billion.
• Peacock streaming subscribers grew 12% to 46 million, nearly doubling revenue to $2.1 billion despite a larger quarterly loss of $432 million; meanwhile, NBCUniversal's adjusted EBITDA declined due to higher costs from sports rights and major events.
• The content and experiences segment saw growth in film studio revenue by 21% to $3.43 billion and theme park revenue by 24% to $2.33 billion, aided by the opening of Epic Universe in May.