Comcast Q1 profit falls 35.6% as revenue rises 5.3% to $31.5 billion
Comcast reported first-quarter 2026 results for the period ended March 31, 2026. Revenue rose 5.3% to $31.5 billion, but net income attributable to Comcast fell 35.6% to $2.2 billion and diluted earnings per share fell 32.6% to $0.60. The filing says the revenue gain included $2.2 billion of incremental revenue from the Milan Cortina Olympics and the Super Bowl, and the profit decline reflects higher costs in the Media segment.
Key points
- Revenue was $31.5 billion, up from $29.9 billion a year earlier; pro forma revenue, which excludes the Versant separation, rose 10.9%.
- Net income attributable to Comcast was $2.2 billion versus $3.4 billion; adjusted EPS was $0.79 versus $1.09.
- Adjusted EBITDA fell 16.8% to $7.9 billion, with Media adjusted EBITDA a loss of $426 million.
- Free cash flow was $3.9 billion, and the company returned $2.5 billion to shareholders: $1.2 billion in dividends and $1.3 billion in share repurchases.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.