Comcast has reported significant growth in revenue and profit for the June quarter, exceeding Wall Street’s expectations. Following the announcement, Comcast’s stock experienced a notable increase in early trading. Contributing to this success, NBCUniversal’s theme parks benefitted from the recent opening of the Epic Universe in Orlando, which opened in May, and the film “How to Train Your Dragon,” which had a successful debut in June, grossing over $600 million worldwide.
A remarkable $9.2 billion one-time gain was also recorded due to the completion of the sale of Comcast’s stake in Hulu to Disney. The streaming service Peacock continued to see improvements, reducing its losses and maintaining 41 million subscribers at the end of June. The popularity of “Love Island” during the quarter helped bolster its performance, and upcoming NBA coverage is anticipated to further energize Peacock’s offerings in 2026.
In terms of profitability, Comcast’s theme parks saw a 26% surge, reaching $1.7 billion, alongside a 19% increase in revenue to $2.3 billion. Media Networks experienced a 7.2% dip in domestic advertising, although higher international network revenues partially offset this decline.
The company’s connectivity division highlighted strong growth in its wireless services, contributing positively to Comcast’s overall performance. However, the domestic broadband business faced challenges, with a decline in customers despite increased average rates.
Overall, Comcast recorded a 2% increase in total revenue, amounting to $30.3 billion, and a substantial net income of $11.1 billion — an impressive 183% increase, thanks largely to the Hulu payout from Disney. Following the financial results, CEO Brian Roberts expressed optimism about the company’s solid performance and strategic direction, emphasizing ongoing investments in growth areas and returning value to shareholders through share repurchases.
With upcoming expansions and a strong focus on content, Comcast appears well-positioned for continued success in the future.