Form 10-Q · Quarterly report
Comcast 10-Q, filed Jul 23, 2026
- Filed
- CIK
- 0001166691
- Accession no.
- 0001628280-26-049360
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.