Comcast Q2 Earnings Show NBCUniversal Strength Ahead of Planned Split

Comcast reported second-quarter earnings on July 23, 2026, highlighting strong performance at NBCUniversal ahead of the planned split of its media and broadband businesses into two separate publicly traded companies. NBCUniversal's streaming service Peacock achieved profitability for the first time since its 2020 launch, boosted by live sports including the FIFA World Cup and NBA postseason. Revenue in the content and experiences division rose nearly 23% year-over-year to $10.73 billion. In contrast, Comcast's traditional cable and broadband business continued to struggle, losing 167,000 broadband residential customers and 280,000 cable TV subscribers. Connectivity and platforms segment revenue fell 3% to $19.8 billion, with EBITDA dropping nearly 6%. Mobile service remained a bright spot, adding a record number of lines to reach 10.2 million total. Overall revenue was down 1.2%, but adjusted earnings per share of $1.04 beat Wall Street estimates of 97 cents. Co-CEOs Brian Roberts and Mike Cavanagh described the planned split as an important step toward creating two focused companies.