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08:30
Jul 23 ◎

CMCSA FY2026 Q2 Watch

Comcast Corporation (CMCSA) FY2026 Q2 Earnings Call

TMUS CMCSA ITV ▾

Mike Cavanagh

Comcast is expanding its wireless offering into the business segment via T-Mobile's network, deepening the MVNO relationship and indicating confidence in T-Mobile's network quality.

"we went live with our T-Mobile MVNO partnership for business customers and the early signs are encouraging."

TMUS WATCH

Jason Armstrong

Management is cautiously optimistic about a near-term improvement in connectivity & platforms EBITDA pressure, but acknowledges continued softness in parks and intense broadband competition.

"we expect modest improvement starting in the third quarter."

CMCSA WATCH

Mike Cavanagh

Comcast's Sky is pursuing a major media acquisition in the UK, combining ITV's audience and digital reach with Sky's premium content and connectivity.

"Sky's proposed acquisition of ITV's media and entertainment business... will strengthen Sky's long-term position in the UK."

ITV WATCH

HIGH

08:30
Apr 23 ◎

CMCSA FY2026 Q1 Watch

Comcast Corporation (CMCSA) FY2026 Q1 Earnings Call

TMUS NTDOY VZ T ▾

Jason Armstrong

Comcast's new MobilePlus premium plan includes lifetime device protection at no extra charge, a first in the industry that could pressure incumbent carriers' device insurance revenue. — This disrupts the traditional pay-per-device insurance model and could drive churn from Verizon, T-Mobile, and AT&T as Comcast's value proposition strengthens.

"we're excited to expand our business mobile relationships through the launch of our T-Mobile MVNO"

TMUS WATCH

Mike Cavanaugh

Successful movie collaboration with Nintendo reinforces content licensing and franchise monetization for both parties.

"Nintendo and Illumination's The Super Mario Galaxy movie, which has crossed $750 million globally"

NTDOY WATCH

Steve Croney

"MobilePlus includes everything customers already value and adds lifetime device protection for all devices. We're the first in the industry to include this feature at no additional charge"

VZ WATCH T WATCH

HIGH

08:30
Jan 29 ◎

CMCSA FY2025 Q4 Watch

Comcast Corporation (CMCSA) FY2025 Q4 Earnings Call

CMCSA VZ TMUS CHTR WBD ▾

Mike Kavanaugh

Management is optimistic about the long-term growth trajectory despite near-term EBITDA pressure from transition investments, expecting improvement in the second half of 2026.

"2026 is about building on the changes we made in 2025 and advancing the next phase of our plan centered on levers that matter most."

CMCSA WATCH

Mike Kavanaugh

Management expects the majority of free wireless lines (about 50% of recent connects) to convert to paying relationships in the second half of 2026, providing a revenue tailwind. — If conversion succeeds, it reduces the competitive threat from other carriers churning Comcast's base and strengthens the cable wireless model, pressuring other operators' subscriber growth.

"we've modernized our MVNO partnership with Verizon, supporting continued profitable growth for Comcast, Charter, and Verizon."

VZ WATCH TMUS WATCH

Mike Kavanaugh

Comcast modernized its MVNO agreement with Verizon, likely extending the partnership and improving economics for all three parties (Comcast, Charter, Verizon). — The renegotiated terms could stabilize Verizon's wholesale revenue from cable MVNOs and reduce the risk of defection to T-Mobile.

"we've modernized our MVNO partnership with Verizon, supporting continued profitable growth for Comcast, Charter, and Verizon."

CHTR WATCH

Brian L. Roberts

Comcast considered a strategic deal with Warner Bros. Discovery but walked away when the structure became all-cash, indicating discipline on valuation.

"we saw an opportunity to see if we could build value for the Comcast shareholders. Looking at their international reach would have been additive. But once it looked like all cash, we were just not interested."

WBD WATCH

Brian L. Roberts

Management acknowledges industry consolidation plays but gives no specific signal about Paramount beyond noting the process is underway.

"I wonder if you could just reflect a bit on the process that we've seen play out with Paramount and Netflix and Warner Brothers Discovery."

PARA WATCH

HIGH

08:30
Oct 30 ◎

CMCSA FY2025 Q3 Watch

Comcast Corporation (CMCSA) FY2025 Q3 Earnings Call

CMCSA VZ TMUS T CHTR ▾

Mike Cavanaugh

Management guides for continued EBITDA pressure in connectivity and platforms for several quarters due to deliberate investments in pricing and customer experience, signaling near-term headwinds.

"we expect this decline to build slightly over the next several quarters as we continue to invest in pricing, product, and customer experience."

CMCSA WATCH

Mike Cavanaugh

Comcast is leveraging a new partnership with T-Mobile to target business services mobile, adding a second MVNO supplier alongside Verizon. — Dual sourcing for mobile in business services increases Comcast's negotiating leverage and may pressure Verizon's enterprise wireless pricing.

"OpenSignal recently ranked Xfinity the top provider in our footprint, outperforming Verizon, T-Mobile, and AT&T in reliability, download speeds, and streaming."

VZ WATCH TMUS WATCH

Mike Cavanaugh

Comcast claims its Xfinity network outperforms AT&T in key metrics, reinforcing its competitive positioning against telecom rivals.

"OpenSignal recently ranked Xfinity the top provider in our footprint, outperforming Verizon, T-Mobile, and AT&T in reliability, download speeds, and streaming."

T WATCH

Jason Armstrong

Comcast will not take a broadband rate increase in early 2026 and expects ARPU growth to step down more than a point in Q4, signaling aggressive pricing to retain and gain subscribers. — Comcast's deliberate price freeze and promotional free wireless lines will intensify competition for cable and fiber broadband rivals, potentially compressing industry ARPU.

"we expect ARPU growth to step down more than a point in the fourth quarter, and we expect continued pressure on ARPU in early 2026, as our current plan is to not take a rate increase in broadband in the early part of next year."

CHTR WATCH CABO WATCH

HIGH

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