Comcast Q3 FY2026: revenue down 6.1%, pro forma flat, buyback paused
Comcast's quarter looks ugly on the reported line and merely flat once you adjust for businesses it no longer owns: revenue fell 6.1% to $29.30 billion, but pro forma revenue rose 0.5%. Adjusted EPS of $1.07 beat the $1.01 consensus yet still fell 4.0% year over year, and buybacks have stopped. Read the pro forma lines first, then the broadband subscriber numbers.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $0.97 rose 7.2% but landed below the $1.01 consensus, while adjusted EPS of $1.07 came in above it. The main bridge between the two is $0.11 per share of acquisition-related intangible amortization. Strip the adjustments out and the trend is negative: adjusted EPS fell 4.0% from $1.12, and adjusted net income fell 7.3% to $3.82 billion.
Revenue of $29.30 billion was 6.1% below last year's $31.20 billion, but $1.73 billion of that gap is Versant and $0.57 billion is the Sky operations in Germany, both now gone. On a pro forma basis revenue rose 0.5%, which is the honest comparison. Underneath it, residential connectivity revenue fell 3.5% and domestic broadband revenue fell 4.7% on lower rates and fewer customers.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-23
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