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Sep 30, 2025
Comcast Q3 2025 Earnings Report
Comcast reported a decline in revenue and net income for Q3 2025, while generating strong free cash flow and posting record wireless line additions.
Key Takeaways
Comcast saw modest declines in revenue and profitability this quarter, partly due to the absence of Olympic-related revenue from the prior year. However, the company delivered record wireless customer growth and robust free cash flow, supported by strong performance in Business Services and Theme Parks.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Comcast is focused on repositioning for long-term growth through strategic investments in broadband, wireless, content, and theme parks.
Positive Outlook
- Record wireless line additions show strong uptake in converged offerings.
- Business Services revenue and EBITDA grew steadily.
- Free cash flow was strong at nearly $5B in the quarter.
- Peacock continues to narrow losses while growing revenue.
- Theme Parks growth driven by Epic Universe launch.
Challenges Ahead
- Overall revenue declined due to tough Olympic comp last year.
- Net income decreased 8.2% year-over-year.
- Video and advertising revenues declined significantly.
- Customer relationships saw a net decrease across most categories.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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