Comcast Reports Lower 2Q Profit, Narrows Domestic Broadband Subscriber Losses

By Elias Schisgall

Comcast reported a lower profit in the second quarter, but narrowed subscriber losses in its domestic residential broadband business for the second quarter in a row.

The cable-and-entertainment company said Thursday that it lost about 167,000 domestic residential broadband customers during the second quarter, wider than the 165,000 analysts polled by FactSet were expecting but still below the 201,000 it lost in the same period a year earlier.

The company attributed the narrowing to the effects of its new go-to-market strategy.

Comcast also posted a profit of $3.53 billion, or 99 cents a share, compared with a profit of $11.12 billion, or $2.98 a share, a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of $1.04 a share. Analysts were expecting 97 cents a share.

Revenue fell to $29.94 billion, down from $30.31 billion. Analysts were expecting $29.24 billion in revenue.

Comcast narrowed its loss of domestic video customers, shedding 280,000, compared with 325,000 a year earlier. Analysts were expecting a loss of 277,000 customers.

The company added 448,000 domestic wireless lines during the quarter, outpacing the 379,000 analysts were expecting.

Revenue from Comcast's domestic broadband service fell 5.5%, to $6.28 billion, while domestic wireless service revenue rose 14%, to $1.01 billion.

Media revenue rose 25%, to $5.69 billion, of which the company attributed about $441 million to gains from the FIFA World Cup.

Peacock, Comcast's streaming service, reported a 54% increase in revenue, to $1.9 billion. Paid peacock subscribers rose 17%, to 48 million.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 23, 2026 06:15 ET (10:15 GMT)