Comcast (CMCSA) Q2 2025 Earnings
How Did CMCSA Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +1.30%.
Did CMCSA Beat Earnings? Q2 2025 Results
Yes. Comcast reported Q2 2025 earnings of $1.25 a share on Jul 31, 2025, beating the $1.18 consensus estimate by 5.9%. Revenue was $30.3B against a $29.8B estimate.
Comcast delivered a solid beat across the board in Q2 2025, with adjusted EPS of $1.25 clearing the $1.18 consensus by 5.87% and revenue of $30.31 billion coming in 1.71% ahead of estimates, up 2.1% year over year, as the company leaned on its diversified growth engines to offset continued pressure in residential broadband. The single most compelling driver beyond the headline numbers was Theme Parks, where revenue surged 18.9% following the May 22 opening of Epic Universe at Universal Orlando Resort, underscoring management's long-term bet on experiences as a counterweight to cord-cutting. Peacock added further momentum, narrowing its EBITDA loss sharply to $101 million from $348 million a year ago on $1.20 billion in revenue, a trajectory that looks set to improve further with NBA coverage arriving on the platform this fall. Even as <a href="https://247wallst.com/investing/2025/07/31/stock-market-live-july-31-sp-500-voo-rises-on-positive-china-earnings-news/">broader markets moved higher</a> on earnings optimism, Comcast's broadband turnaround strategy, built around everyday pricing and a five-year price guarantee, remains the critical test ahead.
- Wireless business achieved best quarter ever with 378,000 line net additions
- Epic Universe grand opening on May 22 drove Theme Parks revenue growth of 18.9%
- Peacock revenue grew 18% to $1.2 billion with EBITDA losses narrowing by $247 million
- Business Services Connectivity revenue grew 6.3% driven by enterprise solutions and higher small business rates
- Domestic broadband revenue increased from higher average rates despite customer losses
- How to Train Your Dragon grossed over $600 million in worldwide box office
- $9.4 billion gain from sale of Hulu interest
“We delivered solid financial results in the second quarter, growing Adjusted EPS by 3% and generating $4.5 billion of free cash flow, while continuing to invest in our growth businesses and returning $2.9 billion to shareholders.”
Comcast CEO, on the earnings call
What Was Comcast's Outlook in Q2 2025?
Comcast indicated early positive progress from its go-to-market pivot in residential broadband, including new national internet plans with everyday pricing, a 5-year price guarantee, and bundled wireless offerings launched in April 2025. The company highlighted plans to add NBA coverage to Peacock this fall. Universal Horror Unleashed opens August 14 in Las Vegas, expanding the parks footprint. The proposed spin-off of Versant (cable networks business) continues to progress with associated transaction costs being incurred.
CMCSA YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $30.3B | $29.7B | +2.1% |
| Operating Income | $6.0B | $6.6B | −9.7% |
| Net Income | $11.1B | $3.9B | +183.1% |
CMCSA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.