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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Comcast
Comcast (CMCSA) investor relations material
Comcast Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary22 Oct, 2026
Executive summary
Reported Q3 revenue was $29.3B, down 6.1% YoY, and Adjusted EBITDA was $9.106B, down 5.8%; pro forma revenue rose 0.5% and pro forma Adjusted EBITDA rose 0.8% following the Versant separation and Sky Germany sale.
Net income attributable to shareholders increased 3.5% to $3.448B and diluted EPS rose 7.2% to $0.97; $4.211B of free cash flow was generated.
Wireless growth, Peacock profitability and strong film results helped offset broadband pressure and weaker Theme Parks performance.
Financial highlights
Pro forma revenue was $29.3B versus $29.2B in 3Q25; pro forma Adjusted EBITDA was $9.1B versus $9.0B, and pro forma Adjusted EPS was $1.07 versus $1.00.
Reported Adjusted Net Income was $3.824B, down 7.3%; reported Adjusted EPS was $1.07, down 4.0%.
Net cash from operations was $7.902B, down 9.1%; free cash flow was $4.211B, down 14.8%, on $3.1B of capital expenditures.
Nine-month revenue decreased 0.8% to $90.70B; Adjusted EBITDA fell 12.0% to $25.94B, while net income fell 48.7% to $9.15B, largely reflecting the prior-year Hulu sale gain.
Outlook and guidance
NBCUniversal and Sky separation remains targeted for mid-2027, subject to Board approval, tax opinions, regulatory approvals and financing; up to 19.9% ownership may be retained for up to one year.
Underlying connectivity trends are expected to improve slightly in Q4, though broadband pricing changes and free wireless-line offers may pressure average broadband revenue per customer.
Theme Parks face continued Orlando softness and difficult Q4 comparisons; performance is expected to strengthen through 2027, with growth returning in H2.
Significant content and marketing costs are expected to continue as Peacock growth is used to mitigate linear-network subscriber and audience declines.
Universal United Kingdom Resort development continues, with a projected 2031 opening.
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Next Comcast earnings date
Q4 202628 Jan, 2027
Comcast
Next Comcast earnings date
Q4 202628 Jan, 2027
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Frequently asked questions
Communication, news, blockbuster movies and more
Comcast is a telecommunications company based in the United States that offers cable television, internet, and voice services to residential and business customers. With a wide range of entertainment products, reliable internet connectivity, and voice communication solutions, Comcast caters to a diverse customer base of both individuals and businesses.
Providing high-speed internet access
One of the core aspects of Comcast’s wide array of services and products is their broadband services. Available for both individuals and businesses alike, the company is well established all over the US. By offering different packages and solutions tailored to each customer's needs, Comcast is able to provide an appealing internet solution for a large percentage of the market. Regardless of whether an individual simply wants to have reliable WiFi in their home or if a business is looking to find a solution for their headquarters, Comcast has a connection solution available.
Mobile solutions
Comcast also provides wireless communication services to its customers through its Xfinity Mobile brand. Xfinity Mobile operates as a mobile virtual network operator (MVNO), leveraging the infrastructure of major wireless networks to deliver cellular services. With Xfinity Mobile, customers can choose between a range of wireless plans that include talk, text, and data options. Comcast, like their competitors T-mobile and AT&T, offer their services to individuals, as well as large corporations, small businesses, organizations, and government agencies.
Heavy-hitting subsidiaries
Xfinity is not the only noteworthy subsidiary of Comcast. Comcast also owns the broadcasting company NBC, which also operates one of the largest television networks in the US. Under the NBC umbrella productions include news, television shows, and sports, as well as movies through the well-acclaimed production company Universal Studios. Comcast also owns Sky, a broadcasting company operating in the UK and Ireland. Sky is primarily known for its sports section with several high-profile broadcasting rights, but also operate traditional TV-channels as well as a streaming service.