Comcast Corporation · NASDAQ:CMCSA
Comcast — Q3 2026 Earnings Presentation
12 slides from Comcast's earnings presentation, Oct 22, 2026
Slide 1: 3rd Quarter 2026 Results
3 Quarter rd 2026 Results OCTOBER 22, 2026
Slide 2: Important Information
Important Information Caution Concerning Forward-looking Statements This presentation includes statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Sec
Slide 3: Separation on Track for Mid-2027 Close
Separation on Track for Mid-2027 Close 1. Industry Leadership Creates two scaled public companies with high-quality assets and seasoned leadership 2. Capital Allocation Clarity Optimizes capital allocation strategies and investments for each business Establishes two strong investment-grade balance s
Slide 4: Consolidated 3Q 2026 Financial Results
Consolidated 3Q 2026 Financial Results ($ in billions, except per share data) Pro Forma Revenue* Pro Forma Adj. EBITDA* Pro Forma Adj. EPS* +0.5% +0.8% +7.0% $29.2 $29.3 $9.0 $9.1 $1.07 $1.00 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 Free Cash Flow Generation of $4.2 Billion; Paid $1.2 Billion in Dividends 4 *
Slide 5: Connectivity & Platforms
3Q 2026 3Q 2026 Revenue Adj. EBITDA Commentary ($M) Connectivity y/y % y/y % & Platforms Consolidated • Revenue and Adj. EBITDA performance continue to reflect the $19,663 $7,588 investment in our go-to-market strategy Revenue ($B) Connectivity (2.6%) (4.4%) & Platforms • Adj. EBITDA y/y decline sho
Slide 6: Content & Experiences
3Q 2026 3Q 2026 Revenue Adj. EBITDA Commentary ($M) Content & y/y % y/y % Experiences • Media revenue and Adj. EBITDA growth driven by strong results at Peacock Revenue ($B) • Media revenue +8% excluding $224M of incremental revenue $10.5 from the FIFA World Cup $9.9 $5,359 $769 Media +6.5% +13.0% N
Slide 7: Free Cash Flow & Capital Allocation
Free Cash Flow & Capital Allocation Consolidated Capital ($B)* Balance Sheet Statistics Return of Capital • Paid $1.2B in dividends $3.7 $3.7 $1.32 $1.32 Consolidated 2.3x • Paused share repurchase program as of $1.24 Net Leverage July 1 and expect that pause to remain in $1.16 2.3x place through th
Slide 8: Appendix
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Slide 9: Free Cash Flow Generation
Free Cash Flow Generation Net Cash Provided by Operating Activities to Free Cash Flow Walk 3Q 2026 ($B) Net cash provided by Capital Cash paid for capitalized Free Cash Flow operating activities expenditures software and intangible assets $7.9 ($3.1) $4.2 ($0.6) 9 See Notes on Slides 10 and 11
Slide 10: Notes
Notes Numerical information is presented on a rounded basis using actual amounts, unless otherwise noted. The change in Peacock paid subscribers is calculated using rounded paid subscriber amounts. Minor differences in totals and percentage calculations may exist due to rounding. We define Adjusted
Slide 11: Notes
Notes Beginning in the first quarter of 2026, we updated the composition of our segments to align with the segment-level information that is regularly provided to our chief operating decision maker, including (1) adjusting the Media segment to exclude the historical results of Versant; (2) reclassif
Slide 12: Comcast
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