Form 10-Q · Quarterly report

Comcast 10-Q, filed Jul 23, 2026

Filed
CIK
0001166691
Accession no.
0001628280-26-049360
AI-generated summary

Summary

Comcast reported second-quarter 2026 revenue of $29.94 billion, down 1.2% year over year, and net income attributable to Comcast of $3.526 billion, down 68.3% largely because the prior-year quarter included a $9.4 billion gain on the sale of its Hulu stake. The company said it announced in June 2026 its intention to separate into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, expected to be completed in mid-2027 and subject to customary conditions, with no assurance that it will occur.

Key points

  • Revenue for the three months ended June 30, 2026 was $29.94 billion, down 1.2% from a year earlier, while six-month revenue rose 2.0% to $61.4 billion.
  • Net income attributable to Comcast fell 68.3% to $3.526 billion and diluted EPS fell to $0.99 from $2.98, largely because the prior-year period included a $9.4 billion gain on the sale of its Hulu interest.
  • The Versant separation occurred on January 2, 2026, and the sale of Sky's German operations closed on May 31, 2026.
  • Connectivity & Platforms revenue fell 3.0% to $19.8 billion in the quarter, with Residential Connectivity & Platforms down 4.0% on an increasingly competitive environment, partly offset by Business Services Connectivity growth of 3.7%.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.

From the filing

ITEM 2: MANAGEMENT’S DISCUSSION Overview We are a global media and technology company with two primary businesses: Connectivity & Platforms and Content & Experiences. We present the operations of (1) our Connectivity & Platforms business in two segments: Residential Connectivity & Platforms and Business Services Connectivity; and (2) our Content & Experiences business in three segments: Media, Studios and Theme Parks. Refer to Note 2 for information on our segments, including a description of the segment composition change implemented in the first quarter of 2026. All amounts are presented under the updated segment structure. The Versant Separation occurred on January 2, 2026. …

An excerpt of the text as filed with the SEC, cut for length.

Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.

Follow Comcast in Readster

Add Comcast to your watchlist and its SEC filings reach your brief alongside the news about it, every line cited to its source. Readster also follows topics, people, newsletters and podcasts.

No credit card. When the trial ends, you move to Readster Free unless you subscribe.