Comcast broadband and wireless gains drive earnings beat, shares jump

Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) shares roseate much than 8% connected Thursday greeting aft the company’s archetypal 4th fiscal results came successful up of Wall Street expectations and reflected improving trends successful broadband and wireless growth.

For the quarter, Comcast reported adjusted net per stock of $0.79, supra the $0.73 expected by analysts.

Revenue was $31.46 billion, besides surpassing estimates of $30.43 billion.

In its Connectivity & Platforms segment, Comcast reported 1.6% gross maturation to $11.6 billion, driven by gains successful home wireless equipment, concern services connectivity, and planetary connectivity. The institution said its updated go-to-market strategy contributed to improved home broadband trends, with nett losses narrowing by 117,000 year-over-year to 65,000.

Domestic wireless lines added 435,000 during the quarter, marking what the institution described arsenic its strongest quarterly effect connected record. Total wireless lines reached 9.7 million.

Business Services Connectivity gross accrued 5.8% to $2.6 billion, with EBITDA rising 3.8% to $1.5 cardinal and margins holding astatine 55.9%.

Comcast besides highlighted continued momentum successful its streaming level Peacock, wherever paid subscribers roseate 12% year-over-year to 46 million. Revenue for the work accrued 71%, surpassing $2 cardinal for the archetypal time.

The company’s taxable parks part reported EBITDA maturation of 33% to $551 million, supported by the opening of Epic Universe successful May 2025.

Comcast besides pointed to beardown contented show during the quarter, citing grounds viewership crossed large events including the Milan Cortina Olympics, the Super Bowl LX broadcast, and the NBA All-Star Game.

“2026 is an important twelvemonth of execution, and we're seeing tangible aboriginal signs our pivot is taking hold," Comcast co-CEO’s Brian Roberts and Mike Cavanagh said successful a statement.

"Broadband subscriber losses improved by much than 100,000 year-over-year, and we delivered grounds wireless enactment additions arsenic customers respond to simpler, much transparent offers and a amended end-to-end experience.”

Comcast returned $2.5 cardinal to shareholders during Q1, including $1.2 cardinal successful dividends and $1.3 cardinal successful stock repurchases.