Companies /Communication Services

Comcast Corp - Class A

NASDAQ: CMCSA Telecom Services
$26.49
▼ $0.16 (−0.60%) today
Markets closed · 5:15pm ET

Q3 2025 Earnings

Reported Oct 30, 2025, 7:16am ET · SEC source
$1.12
Beat +1.72%
EPS · est. $1.10
$31.2B
Beat +1.68%
Revenue · est. $30.7B
−1.4%
Trailing market
CMCSA vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Oct 30Oct 31report 7:16am ETearnings−1.1%−5.9%
−8%−4%0Oct 30Oct 31earnings−1.1%−5.9%
CMCSA −5.9%S&P 500 −1.1%
−8%−4%0Oct 30Oct 31report 7:16am ETearnings−1.3%−5.9%
−8%−4%0Oct 30Oct 31earnings−1.3%−5.9%
CMCSA −5.9%NASDAQ −1.3%
−9%−6%−3%0Oct 29Nov 7report 7:16am ETearnings−2.8%−5.2%
−9%−6%−3%0Oct 29Nov 7earnings−2.8%−5.2%
CMCSA −5.2%S&P 500 −2.8%
−9%−6%−3%0Oct 29Nov 7report 7:16am ETearnings−4.3%−5.2%
−9%−6%−3%0Oct 29Nov 7earnings−4.3%−5.2%
CMCSA −5.2%NASDAQ −4.3%
−4.24%
Day of report
+1.90%
Next session
−0.04%
One week
−1.10%
30 days

S&P 500 over the same 30 days: +0.25%.

Did CMCSA Beat Earnings? Q3 2025 Results

Comcast delivered a clean beat to open its fiscal third quarter of 2025, posting adjusted EPS of $1.12 against a consensus estimate of $1.10, a 1.72% beat, while revenue of $31.20 billion topped expectations of $30.68 billion by 1.68%, even as the top line slipped 2.7% year-over-year. The headline revenue decline, however, tells an incomplete story: the comparison period included $1.90 billion in incremental Paris Olympics revenue, a one-time tailwind that distorted the year-ago baseline. Strip that away, and the underlying business showed notable resilience, headlined by a record 414,000 domestic wireless line net additions, the company's best quarterly result ever, lifting total wireless lines to 8.9 million. Theme Parks surged 18.7% to $2.72 billion following the May opening of Epic Universe in Orlando, and Peacock's EBITDA losses narrowed sharply to $217 million from $436 million a year ago. With Verizon recently announcing sweeping cost cuts amid intensifying wireless competition, Comcast's record wireless additions carry added strategic weight heading into the fourth quarter.

Key Takeaways
  • Record 414,000 domestic wireless line net additions driven by converged broadband-wireless offerings
  • Epic Universe theme park opening in May 2025 fueled 18.7% Theme Parks revenue growth
  • Peacock EBITDA losses improved by $219 million year-over-year
  • Jurassic World Rebirth grossed nearly $900 million in worldwide box office
  • Business Services Connectivity revenue grew 6.2% with mid-single digit EBITDA growth
  • New go-to-market strategy including national internet plans with everyday pricing and 5-year price guarantee
  • Media revenue excluding Olympics grew 4.2%

“We're making steady progress as we reposition the company for long-term, sustained growth. In Connectivity, we're taking deliberate steps to strengthen our broadband foundation and accelerate wireless as a meaningful growth engine, adding a record 414,000 wireless lines this quarter – clear evidence of the value of our converged offerings. In addition, Business Services delivered another solid performance, with mid-single digit revenue and Adjusted EBITDA growth. In Content & Experiences, we're building momentum across NBC and Peacock as we head into one of the most exciting stretches of live sports in our history, including robust NBA coverage which just began last week. The early success of Epic Universe contributed to 19% revenue growth at our Theme Parks, reflecting the strength of our newest attractions and the enduring appeal of the Universal brand. We generated $4.9 billion of free cash flow this quarter and $14.9 billion year-to-date despite significant investment we're making in repositioning our company, a testament to both the durability and resilience of our underlying business.”

Comcast CEO, on the earnings call

CMCSA YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$9.0B$18.0B$27.0B$32.1B$31.2BRevenue$5.9B$5.5BOperating Income$3.6B$3.3BNet Income
$0$9.0B$18.0B$27.0BRevenueOperating IncomeNet Income

CMCSA Revenue by Segment

Residential Connectivity & Platforms$17.6B−1.5%
Media$6.6B−19.9%
Video$6.6B−5.0%
Domestic Broadband$6.4B+0.5%
Domestic Advertising (Media)
Studios$3.0B+6.1%
Domestic Distribution (Media)
Content Licensing$2.0B+9.1%

Figures from SEC filings and company reports. Not investment advice.