Comcast flags over $1 billion in fourth-quarter restructuring charges
Comcast expects more than $1 billion in fourth-quarter charges as it changes its organizational structure ahead of a planned mid-2027 NBCUniversal spinoff. Third-quarter broadband customers fell by 144,000, while adjusted profit was $1.07 per share, above analysts’ 98-cent estimate.
1. Restructuring charges
Comcast flagged more than $1 billion in fourth-quarter charges as it changes its organizational structure ahead of the planned spinoff of its NBCUniversal business in mid-2027. Comcast is reportedly planning a significant number of layoffs to restructure its connectivity business.
2. Third-quarter results
Broadband users decreased by 144,000, compared with analysts’ estimated 116,800 losses and a 91,000 decline a year earlier. Comcast reported adjusted profit of $1.07 per share, above the average analyst estimate of 98 cents.
3. NBCUniversal performance
The media division’s revenue rose 13% to $5.36 billion, and Peacock reported quarterly pre-tax profit of $261 million, compared with a $217 million loss a year earlier. The theme park unit’s revenue fell 4.4% to $2.60 billion, below the $2.71 billion analyst estimate.
