US EditionComcast Beats Estimates on Sports Boost, Easing Broadband Customer Losses
Comcast added $2.2 billion in ad revenue from NBC’s February sports slate, while Peacock subscribers rose 12% to 46 million.
- On Thursday, Comcast reported $31.5 billion in first-quarter revenue, beating analyst forecasts of $30.4 billion and sending shares jumping over 10%.
- NBCUniversal's revenue surged nearly 61% to $7.28 billion during the company's "Legendary February," driven by the Milan Cortina Winter Olympics, Super Bowl, and NBA All-Star Weekend.
- Streaming service Peacock nearly doubled revenue to $2.1 billion while subscribers increased 12% to 46 million; connectivity and platforms revenue fell 2.5 percent to $19.9 billion.
- Comcast narrowed broadband losses to 65,000 customers while adding 435,000 mobile lines, reaching 9.7 million mobile customers as it competes with Verizon and T-Mobile.
- Profit fell 35.6% to $2.17 billion due to increased infrastructure investments and sports rights costs; Chairman Brian Roberts and CEO Mike Cavanagh called 2026 an important execution year.
13 Articles
13 Articles
Comcast beats estimates on sports boost, easing broadband customer losses
Comcast topped first-quarter estimates on Thursday, as a blockbuster sports lineup boosted subscriber growth and engagement, while its core broadband business shed fewer customers than feared, sending its shares up 7%.
The Hollywood Reporter
TV Tech Industry NewsNBCUniversal’s Peacock Posts $432 Million Loss as Subscribers Rise to 46 Million
Comcast, led by Brian Roberts and Michael Cavanagh, reports its first-quarter financials and operating updates.
Comcast Stock Pops As Olympics, Super Bowl Fire Up Q1 Advertising, Broadband Improves
Comcast blew past Wall Street forecasts on the top and bottom lines for the three months ended in March as ad sales boomed and shaky broadband appears to be turning around. The Winter Olympics the Super Bowl added $2.2 billion in incremental advertising revenue. The shares, which have been poky over the past year, jumped […]
Comcast Generates an Extra $2.2 Billion From Olympics, Super Bowl, But Sees Q1 Profit Slip
What kind of business tightrope are media companies walking in 2026? Comcast generated an extra $2.2 billion due to NBC’s February telecasts of the Winter Olympics from Milan Cortina and the Super Bowl. And yet, the cable-and-content giant said profit fell 35.6% as it invested in upgrades to its crucial cable and broadband business and grappled with increased expenditures for sports rights and production. The Philadelphia owner of NBCUniversal…
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