Comcast publishes Q3 2026 earnings call transcript
Comcast said broadband subscribers fell by 144,000 and Connectivity and Platforms adjusted EBITDA declined 4.4%. Peacock generated $261 million in EBITDA, while management expects a fourth-quarter transformation charge exceeding $1 billion.
1. Subscriber and Peacock results
Comcast’s October 22 third-quarter earnings call featured co-CEOs Brian Roberts and Michael Cavanagh, CFO Jason Armstrong and connectivity chief Steve Croney. Broadband subscribers fell by 144,000 amid aggressive competition, and Connectivity and Platforms adjusted EBITDA declined 4.4%. Peacock generated $261 million in EBITDA, its second consecutive profitable quarter, with subscribers steady sequentially at 48 million.
2. Costs and separation plans
Management expects a fourth-quarter transformation charge exceeding $1 billion, with cost savings ultimately totaling billions of dollars over time. The NBCUniversal and Sky separation remains on track for mid-2027, and share repurchases remain paused at least through completion.
