Comcast

Comcast runs Xfinity cable/broadband and owns NBCUniversal, now splitting into two companies.

Comcast still owns the pipes and the profits, but broadband and video subscribers are leaving for converged rivals while the company prepares to split into two firms by mid-2027.

Comcast is a huge cable company that brings internet, TV, and phone service to millions of homes through wires it owns and maintains. That physical network is hard to build from scratch, which protects Comcast from disappearing overnight. But AT&T and Verizon are winning customers by combining fiber internet with cell phone plans, T-Mobile is offering internet without wires, and Starlink is beaming internet from space, so Comcast is losing internet customers right now even with its advantage. The company is also splitting in two by mid-2027, which means two different companies will have to compete separately, making the next few years harder to predict.

• FY2025 revenue: $123.7 billion (2025-12-31)
• Lost 65,000 internet subscribers in Q1 2026 (2026-Q1)
• AT&T/Verizon converged bundles reach 26% of US households (2026-Q2)

• Broadband and video subscriber losses persist amid converged-bundle and FWA/satellite competition. Severity: high
• NBCUniversal/Sky spin-off execution risk through mid-2027 close, including standalone P&L credibility. Severity: high
• Peacock cumulative losses exceed $10 billion since 2020 with profitability still unproven. Severity: medium
• Shareholder discontent over executive pay and 20% 2025 stock decline signals governance friction. Severity: medium
• FCC scrutiny of NBC broadcast licenses and diversity practices under political pressure. Severity: medium

Is Comcast profitable in 2026?

Yes. FY2025 net income was $20 billion on $123.7 billion revenue. Q1 2026 EPS hit $0.79, beating estimates, but analysts forecast Q2 2026 EPS down 22.4% YoY to $0.97, signaling margin pressure heading into July 23, 2026 earnings.

Is Comcast splitting into two companies?

Yes. On June 29, 2026 Comcast announced a tax-free spin-off separating NBCUniversal and Sky from its connectivity business, expected to close mid-2027. Mike Cavanagh leads the media entity; Michael Angelakis returns as CEO of standalone Comcast.

Is Comcast losing broadband customers to AT&T and Verizon?

Yes. Comcast lost 65,000 internet subscribers in Q1 2026 as AT&T and Verizon converged fiber-mobile bundles reached 26% of US households by Q2 2026, though industry-wide losses (280,000) improved from 320,000 a year earlier.

Could AI replace Comcast customer service jobs?

Partially. Comcast already uses LLM/RAG tools to assist live agents and agentic AI for network fault detection as of September 2025, but physical last-mile cable/fiber plant and regulated pole rights remain AI-resistant and central to the business.

Is Peacock making money for Comcast?

Not yet. Peacock posted a $432 million loss in Q1 2026 despite crossing $2 billion in quarterly revenue for the first time, and has lost over $10 billion cumulatively since its 2020 launch, per a May 11, 2026 report.

Who owns Comcast?

Comcast trades publicly as CMCSA. Chairman Brian L. Roberts holds only about 1% of equity but controls 33% of voting power through Class B shares, as of Comcast's 2025 annual report filed February 2026.

• 2026-07-23Q2 2026 earnings due; analysts forecast EPS down 22.4% YoY, revenue down 3.8% YoY
• 2026-06-29Announced split into standalone Comcast and NBCUniversal plus Sky, closing mid-2027
• 2026-06-15Class A shareholders voted against $107M co-CEO pay package amid 20% stock slide
• 2026-05-11Peacock posted $2B quarterly revenue and $432M loss for Q1 2026
• 2026-03-17Announced NVIDIA partnership for AI Grid edge inference infrastructure
• 2026-01-02Completed spin-off of Versant Media Group cable networks
• 2025-09-26Announced largest rollout of AI-based network amplifiers and agentic AI automation
• 2025-05-22Opened Universal Epic Universe theme park in Orlando

• Comcast Corporation
• Comcast (CMCSA) Earnings Date and Reports 2026 (2026-07-14)
• Stay Ahead of the Game With Comcast (CMCSA) Q2 Earnings (2026-07-20)
• Comcast eyes acquisition of 33-year-old rival amid struggles (2026-07-14)
• Parks Associates: Major Cable Providers Lost An Estimated 280,000 Broadband Subscribers In Q1 2026 (2026-07-14)
• How the Streamers Stack Up in Subscribers, Revenue and Profits (2026-05-11)
• Comcast Class A Shareholders Reject $107M Co-CEO Pay as Stock Slid 20% (2026-06-15)
• Comcast Announces Plans to Separate Media and Technology Businesses Into Two Leading Public Companies (2026-06-29)
• Comcast to spin off NBCUniversal and Sky into separate company (2026-06-29)
• Comcast's split brings former CFO Michael Angelakis back as CEO (2026-06-30)
• As Universal Epic Universe Marks One Year (2026-06-02)
• Comcast Beats on Broadband Losses and Wireless Adds (2026-04-23)