Comcast Corp., US20030N1019

Comcast stock weighs Peacock profit against broadband losses

Published on 11/11/2026 at 16:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Comcast stock remains tied to Peacock's improving economics and the planned NBCUniversal and Sky separation. Broadband losses remain a key test.

Streaming gains face connectivity pressure

Peacock generated adjusted EBITDA of USD 261 million in the third quarter.
Comcast is advancing its planned NBCUniversal and Sky separation.
Broadband and video customer losses continued to weigh on connectivity operations.

Comcast Corp., US20030N1019, Illustration mit AI erstellt.

Comcast's Peacock streaming service delivered its second consecutive profitable quarter in the period ended September 30, 2026, while the group's connectivity business continued to lose broadband and video customers. The results keep streaming execution and the planned NBCUniversal and Sky separation at the center of the investment case.

According to Comcast's investor release published on October 22, Peacock generated USD 261 million in adjusted EBITDA on USD 1.8 billion in revenue. Paid subscribers rose 17 percent year over year to 48 million. Comcast said higher average rates and stronger distribution revenue supported the media performance, while the quarter also benefited from USD 224 million of incremental Media revenue tied to the FIFA World Cup.

What changed since our last report

The Lang & Schwarz quote moved from 21.85 euros in our report published Tuesday, November 10, to 22.11 euros at 16:07 CET on Wednesday, November 11. That is a 1.19 percent change since the previous report, a separate comparison from any Xetra session performance.

Comcast's wider third-quarter results were mixed. Group revenue fell 6.1 percent year over year to USD 29.298 billion, while adjusted EBITDA declined 5.8 percent to USD 9.106 billion. Domestic broadband customer relationships fell by 144,000 and domestic video customers by 274,000; domestic wireless lines increased by 368,000.

Management said the separation of NBCUniversal and Sky remains on track to create two independent publicly traded companies. For investors, Peacock's adjusted EBITDA improvement offers a counterweight to pressure in broadband and video, but the streaming measure is non-GAAP and includes World Cup-related activity.