Comcast announces second-quarter earnings, streaming business profitable for first time
American multinational telecommunications and media giant The company (Comcast) released its second quarter 2026 financial report on the 23rd. Benefiting from major sports events such as the FIFA World Cup and the National Basketball League (NBA) playoffs, as well as strong support from the film and television business, the company's streaming media platform Peacock turned a profit in the quarter and achieved a profit of US$189 million, the first time it has achieved a single-quarter profit since the launch of the business. The financial report shows that as of June this year, the Peacock platform added 2 million paid subscribers in the second quarter, and the total number of subscribers climbed to 48 million. Boosted by its streaming media and film and television businesses, Comcast achieved operating income of US$29.9 billion in the quarter, exceeding Wall Street's previous expectations. In terms of business segments, Comcast’s content and experience department performed outstandingly in the quarter. Among them, the film and television studio business revenue increased significantly by 25% year-on-year to approximately US$3 billion, and departmental profits surged from US$61 million in the same period last year to US$202 million; the media business revenue increased to US$5.7 billion year-on-year, with profits reaching US$708 million. However, the theme park business suffered a certain degree of profit correction due to the decline in international park revenue and rising operating costs. In terms of network connection and platform business, due to the intensified competition in the optical fiber and fixed wireless broadband markets, the company lost a net loss of 167,000 local broadband users in the quarter. However, the new lines of the mobile wireless business maintained growth, with a net increase of 448,000 in the quarter. It is worth noting that this financial report is Comcast’s first quarterly results after announcing its restructuring plan. In order to release asset value and improve operational efficiency, Comcast is currently steadily advancing its strategic plan to spin off its NBCUniversal and Sky television stations into independent companies. The relevant spin-offs are expected to be completed within a year.