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Comcast Posts Mixed Q4: Broadband Losses Mount as Peacock and Mobile Grow

Management bets a sports-heavy lineup with wireless bundling will counter churn to set up a 2026 broadband reset.

Overview

  • Adjusted EPS reached 84 cents, beating forecasts, on revenue of $32.31 billion, while net income fell 54.6% to $2.17 billion.
  • Domestic broadband customers declined by 181,000 in Q4 and video subscribers fell by 245,000, with domestic broadband revenue at about $6.32 billion.
  • Wireless stayed a bright spot, adding 364,000 net lines to surpass 9.3 million total, as Comcast pushes Internet–mobile bundles.
  • Peacock added 3 million paid subscribers to reach 44 million, but quarterly losses widened to $552 million as NBA and an exclusive NFL game costs kicked in.
  • Theme parks revenue rose about 22% to roughly $2.9 billion; Q4 was the final quarter before the Versant cable-network spinoff, and Comcast signaled no 2026 price increases plus a record broadband investment plan.