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Comcast Q3 Sees Continued Broadband Downturn, Despite Boosts From World Cup, Peacock

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CitrixNews Staff
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Comcast Q3 Sees Continued Broadband Downturn, Despite Boosts From World Cup, Peacock
Oct 22, 2026 4:17am PT Comcast Q3 Sees Continued Broadband Downturn, Despite Boosts From World Cup, Peacock

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Brian Steinberg

Senior TV Editor

bristei See All Add us as a Google Preferred Source Brian Roberts, chairman and chief executive officer of US cable giant Comcast, speaks during a ceremony to announce a strategic partnership between Chinese e-commerce giant Alibaba Group and Universal Beijing Resort in Beijing on October 17, 2019. - Comcast is the largest US cable provider and owns the NBCUniversal media group. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images) AFP via Getty Images

Comcast‘s third-quarter results were buoyed by a surge in advertising tied to the Spanish-language telecast on NBCUniversal‘s Telemundo, a profit at its Peacock streaming service and the box-office performance of films like “The Odyssey,” but revenue in most parts of the company’s cable-and-media empire dipped as the Philadelphia media conglomerate faced challenges in its core cable-and-connections business as well as its theme parks.

Comcast said third quarter revenue fell 6.1% to nearly $29.3 billion, compared with nearly $31.2 billion in the year-earlier period. On a pro-forma basis — backing out cable-centric Versant Media, which spun off from NBCU in January 2026, and the sale of Sky Deutschland to RTL Group in May 2026 — revenue was up 0.5% versus the prior-year period. Net income rose 3.5%, to nearly $3.45 billion, or 97 cents per share, compared with $3.33 billion, or 90 cents per share, in the year-ago quarter.

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