Comcast Q3: Peacock Profits, But Free Cash Flow Drops 14.8% and Buybacks Stay Frozen
CMCSA is trading near its 52-week low of $20.48 (11% above the low) on elevated volume (1.9× avg).
Summary
Comcast's Q3 showed Peacock turning profitable with $1.8B in revenue and $261M adjusted EBITDA, plus 48M paid subscribers, up 17% year-over-year. But free cash flow fell 14.8% to $4.2B and buybacks remain suspended while the company pursues its NBCUniversal/Sky spin-off. Management is planning sizable layoffs in the connectivity division and expects a Q4 transformation charge above $1B, following the October 21 report of a broad reorganization. Theme parks revenue slipped 4.4% to $2.60B on weaker Orlando demand, and the CFO flagged continued irrational broadband pricing pressure. The dividend was held at $0.33 per share, payable January 27, 2027.
At the time of this announcement, CMCSA was trading at $22.75 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $81.1B. The 52-week trading range was $20.48 to $32.86. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.