$CCZ

Comcast (CMCSA) reported fiscal Q3 2026 results on October 22, 2026, with EPS exceeding estimates by 5.7% but revenue falling 2.8% short. The company lost 144,000 broadband subscribers while adding 368,000 wireless lines. Management attributed subscriber losses to pricing shifts and legacy plan migrations. Shares rose 3.4% on the day but fell 2.3% over the following week. Broadband sales have declined for two years, though revenue per customer and EBITDA drops narrowed in Q3.

Comcast reported Q3 2026 revenue of $29.3B (-6.1% YoY) and operating income of $5.32B. AI reduced service contact rates by 20%, while it lost 144K broadband subscribers but gained 368K wireless lines. Layoffs are expected in the Cable division. Net income rose 3.5% to $3.45B, but free cash flow and EBITDA declined. Comcast is focusing on premium plans and automation.

Comcast (CMCSA) trades at $21.83 with a 6.0% dividend yield. Q3 saw losses in broadband and video customers, but free cash flow covered dividends. CEO Brian Roberts highlighted progress on NBCUniversal and Sky separation. Dividend growth stalled in 2026. Peers Charter and Verizon show mixed results. Investors should monitor cash flow and customer losses.

Aspire Fiber secured $80M in credit and $75M in equity to expand fiber broadband in Southern California, with services launched in Moorpark and Santa Clarita. Comcast completed a $26M-funded project in Tulare County, California, covering 7,000 homes. Gabon launched 5G networks with Airtel and Moov Africa, focusing on Libreville and Port-Gentil.

Comcast reported Q3 2026 losses of 144,000 U.S. broadband and 274,000 cable TV customers, with revenue drops of 4.7% and 8.7% YoY. The company plans layoffs and restructuring to improve efficiency ahead of its 2027 spinoff of NBCUniversal and Sky. Comcast faces intense competition from fixed wireless, fiber, and satellite internet providers, with CFO Jason Armstrong citing irrational pricing by competitors.

Comcast (CMCSA) shares fell 3.17% as analysts cut price targets, citing broadband competition and SpaceX's wireless expansion. Morgan Stanley, Barclays, and Bernstein reduced targets, highlighting structural threats. Comcast's Q3 revenue was $29B, with EBITDA of $9.1B and a 6% dividend yield. Debt stands at $83B, with low liquidity ratios. Analysts note compressed valuation but caution on future earnings volatility.

Comcast lost 144,000 internet customers in Q3 2026, with connectivity revenue falling 2.7% YoY, per CNBC. Wireless lines grew by 368,000. The company plans workforce reductions and AI adoption in customer service, with over $1 billion in expected costs next quarter, according to the Philadelphia Inquirer.

Comcast (CMCSA) plans job cuts in cable, broadband, and wireless operations as it shifts to AI-driven customer service. The company lost 144,000 broadband customers last quarter. Comcast stock fell 2% on Monday, with a 22.88% decline over the past year. Universal theme parks reported a 4.4% revenue drop to $2.6B in Q3 2026, citing competition from Disney (DIS). Analysts have a Hold consensus on CMCSA, with an average price target of $27.42, suggesting 22.86% upside.

Comcast anticipates over $1 billion in restructuring costs in Q4, ahead of its planned separation of NBCUniversal in mid-2027. Layoffs are expected mainly in its connectivity business, according to Front Office Sports.

Comcast (CMCSA) reported Q3 2026 earnings, highlighting a 2.6% decline in Connectivity & Platforms revenue and a 4.4% drop in EBITDA due to competitive pressures. Broadband subscribers fell by 144,000, while Theme Parks revenue decreased 4% and EBITDA dropped 17%. The company expects a $1B+ charge in Q4 related to transformation and paused share repurchases.