Key Takeaways for Comcast Stock as of July 2026
- Revenue of $29,940 million missed the year-ago quarter by 1.23% and fell 4.82% versus the first quarter, while adjusted EPS of $1.04 dropped 17% year over year despite jumping 31.65% sequentially, leaving Comcast stock near its lowest level in years.
- Guiding to modest improvement in broadband ARPU and Connectivity & Platforms EBITDA starting in the third quarter, management said free wireless lines are now converting into paid relationships in growing volume.
- Peacock turned profitable for the first time, posting $189 million of EBITDA.
- But the biggest signal came from CEO Brian Roberts, who told investors on the call: “I feel more positive and energized today than I was on the day we announced it,” pointing to strong reception for the pending NBCUniversal split.
Peacock just turned its first profit while adjusted EPS fell 17% year over year. See how Comcast stock’s segments stack up on TIKR for free →
Comcast Splits in Two as Peacock Turns Profitable and Wireless Crosses 10 Million Lines
Comcast (CMCSA) delivered second-quarter 2026 revenue of $29,940 million on its July 23 earnings call, a print that fell 1.23% year over year and landed three weeks after the company confirmed it will split into two independent companies within about a year. Comcast stock closed at $21.92 the day before the report, down 6.80% on the session, and adjusted EPS of $1.04 fell 16.80% from $1.25 a year earlier even as it climbed 31.65% from the prior quarter’s $0.79.
Connectivity & Platforms absorbed most of that pressure. Broadband ARPU dropped 3.8% as Comcast held off on rate increases and pushed customers into simpler, lower-priced plans, and that repricing plus heavier customer-experience spending pulled segment EBITDA down 5.8%. Broadband losses still improved by 34,000 subscribers year over year to 167,000, proof the new pricing is slowing the bleed even as it compresses margin.
Wireless told the opposite story. Comcast added 448,000 net lines, its best quarter on record and second straight quarterly record, crossing 10 million total lines for the first time. That milestone covers just 7% of the wireless lines available across Comcast’s footprint, and with premium unlimited plans now making up 30% of postpaid phone connects, the free-line strategy built to seed awareness is converting into revenue Comcast can bank.
Media moved the other direction. Peacock generated $189 million of EBITDA, its first profitable quarter in six years, on 54% revenue growth and 2 million new paid subscribers that pushed its base to 48 million. Advertising revenue climbed nearly 70% on the FIFA World Cup simulcast, the NBA playoffs and Love Island, and Media EBITDA rose 4% even as Comcast absorbed the final quarter of its first year under the NBA rights deal.
Parks did not share the momentum. Revenue rose 3% but EBITDA fell 5%, hurt by China-related travel restrictions in Osaka and a June softening in Orlando attendance that CFO Jason Armstrong linked to consumer sentiment and travel costs, not weaker demand for Epic Universe.
That confidence carried into the separation itself, announced three weeks earlier. CEO Brian Roberts addressed the reaction directly on the Q2 2026 earnings call: “I feel more positive and energized today than I was on the day we announced it.” He pointed to conviction among employees and partners across the connectivity and NBCUniversal-Sky media businesses, framing the split as giving each side room to chase its own priorities.
Free cash flow reached $4.6 billion, and Comcast returned $2.1 billion to shareholders including $900 million in buybacks, though it paused repurchases as of July 1 through the separation. Comcast stock now trades 34.9% below where it did a year ago, a gap wireless growth and Peacock’s new profitability are meant to close.
Comcast just crossed 10 million wireless lines with premium plans at 30% of connects. Dig into CMCSA stock’s full metrics on TIKR for free →
TIKR Values Comcast Stock at $37, Pricing In Wireless and Peacock Gains
TIKR’s mid-case model values Comcast stock at $37 by 2030, implying 68% total return from the current price of $22, or 12% annualized over 4.4 years.
A 12% annualized return on Comcast stock at today’s $22 entry puts the setup among the higher-conviction opportunities in large-cap communications, especially with the shares still down 34.9% over the past year.
The target is reachable because the same dynamics dragging near-term results, wireless build-out costs and free-line dilution, are the ones management expects to reverse starting in the third quarter as free lines convert to paid and Peacock’s new profitability compounds across a 48 million-subscriber base.
TIKR’s model sees Comcast stock returning 68% to $37 by 2030. Run your own valuation on TIKR for free →
Should You Invest in Comcast Corporation?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
