$CMCSA 8-K earnings — Q2 FY26

Adjusted EPS of $1.04 missed estimates of $1.07 (-2.8%), while reported revenue fell 1.2% YoY to $29.94B. Pro forma revenue grew 4.7% to $29.57B, but adjusted EBITDA dropped 13.4% ($8.9B) and guidance implied continued pressure from Theme Parks softness. The key nuance: Peacock turned profitable for the first time (EBITDA +$290M YoY to $189M), but the headline EBITDA decline was driven by non-operating items and the planned NBCUniversal/Sky separation announcement may mask underlying broadband stabilization (losses improved 34K YoY).

Adjusted EPS of $1.04 missed estimates of $1.07 (-2.8%), while reported revenue fell 1.2% YoY to $29.94B. Pro forma revenue grew 4.7% to $29.57B, but adjusted EBITDA dropped 13.4% ($8.9B) and guidance implied continued pressure from Theme Parks softness. The key nuance: Peacock turned profitable for the first time (EBITDA +$290M YoY to $189M), but the headline EBITDA decline was driven by non-operating items and the planned NBCUniversal/Sky separation announcement may mask underlying broadband stabilization (losses improved 34K YoY).