Comcast reports Peacock profit as broadband losses continue
Comcast ($CMCSA) reported third-quarter 2026 revenue of $29.30 billion, down 6.1% on a reported basis, while adjusted EBITDA fell 5.8% to $9.11 billion. Adjusting for the Versant ($VSNT) separation and sale of Sky Germany, revenue increased 0.5% and adjusted EBITDA grew 0.8%. GAAP earnings were $0.97 per share, while adjusted earnings declined 4% to $1.07. Peacock generated $261 million of adjusted EBITDA, reversing a $217 million loss, as paid subscribers increased 17% to 48 million. However, d