Comcast rose about 2 percent today, continuing a steady climb that has put the stock at its highest level in months. We think this is mostly the whole market moving higher today rather than anything specific to Comcast's business.
Our view
The plan to separate the slower-growing cable networks from the core broadband and wireless business should make the company's value much clearer. If you already own it, there is nothing to do here but sit tight and let the spinoff play out.
Comcast Business partners with Colt to automate global network connections
Comcast is teaming up with Colt Technology Services to build an innovation lab that automates how their networks connect. This uses APIs, which are tools that let different software systems talk to each other directly without manual setup. For large companies that need reliable internet across both the U.S. and overseas, this makes it easier to manage their data traffic across the two providers. While this is a technical step, it helps Comcast compete for bigger global business contracts by making its network more compatible with international partners.
Universal's Super Mario Galaxy Movie hits $1 billion mark
Universal’s Super Mario Galaxy Movie has joined a small group of films to cross the $1 billion mark this year. This success shows that the studio's big-budget films still have massive pulling power even as the company prepares to spin off its media assets. While the broadband business is the main focus for many, these blockbuster hits provide a significant cash cushion. A strong performance at the box office also helps the value of the studio as it nears its transition into an independent company.
NBCUniversal names Christopher Halpin as CFO for spinoff
Comcast has hired Christopher Halpin, an executive from outside the company, to serve as the chief financial officer for NBCUniversal. This is a key step in the plan to split the media and theme park assets into a separate public company.
Bringing in an outside leader suggests the company wants a fresh perspective as it prepares to stand on its own. For shareholders, this move makes the planned spinoff feel more certain and provides a dedicated team to manage the new company's finances.
Peacock to be bundled with YouTube Premium in 2027
NBCUniversal and YouTube have signed a multiyear deal to embed Peacock content directly into the YouTube platform for premium subscribers. Starting in early 2027, this will give YouTube users access to live sports and original shows without needing a separate app.
This is a smart way to find new subscribers without spending heavily on marketing. By piggybacking on YouTube’s massive user base, Peacock can grow its audience and advertising revenue more efficiently as it moves toward becoming part of an independent company.
Wells Fargo reduced its target for the stock from $28 to $23 while keeping a rating that suggests the stock will perform worse than the broader market. This change reflects a more cautious view of the company's ability to grow in a competitive internet market.
While the media side of the business is performing well, analysts remain worried that the broadband unit is losing too many customers to rivals. This lower target suggests the stock may face pressure until the company can prove its internet subscriber numbers have truly stabilized.
Analysts recently cut their price targets for Comcast in a late July flurry of activity. Most of the 61 analysts rate the stock as a buy or neutral, and the average target of $28 suggests a 9% gain from today.
Average target$28.20+9%vs $25.89 today
TodayAvg price
Low $23High $36
Buy61 analysts
2Bearish
25Neutral
34Bullish
FirmRatingPrice TargetDate
RBC Capital
Sector Perform
$27→$26
7/24/2026
Scotiabank
Sector Perform
$32.75→$29
7/24/2026
Morgan Stanley
Equal Weight
$30→$29
7/24/2026
Wells Fargo
Underweight
$28→$23
7/24/2026
Barclays
Equal Weight
$28→$26
7/24/2026
Scotiabank
Sector Perform
$36→$32.75
7/15/2026
Bernstein
Market Perform
$32→$28
7/13/2026
Morgan Stanley
Equal Weight
$33→$30
7/7/2026
Wells Fargo
Underweight
$28
7/7/2026
Goldman Sachs
Neutral
$29→$26
7/2/2026
Deutsche Bank
Buy
$32
6/30/2026
RBC Capital
Sector Perform
$31→$32
4/24/2026
Comcast earnings
Management has a perfect record of beating expectations over the last two years. They consistently set a bar they can clear, which makes their financial targets feel reliable.
Earnings history
EstimateBeatMiss
Comcast past earnings results
Expected
Actual
Surprise
EPS
$0.97
$1.04
+7.2%
Revenue
$29.24B
$29.94B
+2.4%
Key highlights
Wireless growth hits record: The company added 448,000 domestic wireless lines this quarter, which is its best quarterly result ever and brings its total to 10.2 million lines. Management believes there is still significant room to grow because these lines only represent 7% of the potential wireless customers in its service area.
Broadband losses continue: Comcast lost 167,000 residential broadband customers, though this was an improvement over the 201,000 customers it lost in the same period last year. Revenue for the broadband division fell 5.5% to $6.28 billion, driven by both the customer losses and lower average rates charged to users.
Peacock reaches profitability: The Peacock streaming service reported a profit for the first time ever, earning $189 million compared to a $101 million loss a year ago. This turnaround was helped by adding 2 million new paid subscribers to reach a total of 48 million, fueled by major events like the NBA Playoffs and the FIFA World Cup.
Universal Studios revenue jumps: Film studio revenue grew 25% to $3.04 billion, led by The Super Mario Galaxy Movie grossing over $1 billion at the box office so far this year. This growth helped offset a 5.1% dip in theme park profits, which fell to $609 million as higher operating costs at domestic parks outweighed new revenue from the Epic Universe opening.
Major business split ahead: Comcast announced it will spin off NBCUniversal and Sky into a separate, publicly traded company to allow each business more flexibility to pursue its own growth. To prepare for this change, the company is pausing its share repurchase program, which had returned $900 million to investors this quarter.
Our take: A mixed but promising quarter where streaming and wireless are starting to pick up the slack for the struggling cable business. Reaching profitability at Peacock is a major milestone, but the ongoing loss of broadband customers remains the primary concern for the long-term health of the company.
Comcast’s next earnings date
Q3 2026
OCT
29
Expectation
EPS
$1.01
Revenue
$29.52B
OCT
7
Dividend payday
Own the stock before this date to get the next dividend payment.
Metrics we are tracking
Metric
Expectations
Status
Broadband Subscriber Change
Improvement toward positive net additions per quarter
