Form 10-Q · Quarterly report
Comcast 10-Q, filed Oct 22, 2026
- Filed
- CIK
- 0001166691
- Accession no.
- 0001628280-26-066863
Summary
Comcast reported third-quarter 2026 revenue of $29.3 billion, down 6.1% from a year earlier, and net income attributable to Comcast of $3.4 billion, up 3.5%, with the decline driven by the January 2026 Versant separation, the May 2026 sale of its Sky operations in Germany, and lower Connectivity & Platforms revenue. Comcast said it still intends to separate into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky announced in June 2026, targeted for completion in mid-2027 and subject to customary conditions, with no assurance the transaction will occur or on its terms or timing.
Key points
- Nine-month 2026 net income attributable to Comcast fell 48.7% to $9.1 billion, a period that in 2025 included a $9.4 billion pre-tax gain on the sale of Comcast's interest in Hulu.
- Third-quarter Adjusted EBITDA was $9.1 billion, down 5.8% year over year, and diluted earnings per share were $0.97 versus $0.90.
- Residential Connectivity & Platforms revenue fell 3.5% to $17.0 billion while Business Services Connectivity revenue rose 2.7% to $2.6 billion.
- Versant was separated on January 2, 2026, and the sale of Sky's German operations closed on May 31, 2026.
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.
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