RestructuringJul 23, 2026, 03:18 PM
Comcast to Spin Off NBCUniversal & Sky; Q2 EPS $0.99, Net Income Down
AI Summary
Comcast announced plans for a tax-free spin-off of NBCUniversal and Sky, expected in mid-2027, following the completed spin-off of Versant Media Group in January 2026. For Q2 2026, the company reported diluted EPS of $0.99 and net income attributable to Comcast of $3.53 billion, a significant decrease from $2.98 and $11.12 billion respectively in Q2 2025. This decline was largely due to the Versant separation's impact on investment income. Total revenue for Q2 2026 was $29.94 billion, down from $30.31 billion in the prior year.
Key Highlights
- Comcast announced a tax-free spin-off of NBCUniversal and Sky, expected in mid-2027.
- Completed the tax-free spin-off of Versant Media Group on January 2, 2026.
- Q2 2026 diluted EPS was $0.99, a decrease from $2.98 in Q2 2025.
- Q2 2026 net income attributable to Comcast was $3.53 billion, down from $11.12 billion.
- Q2 2026 total revenue was $29.94 billion, a decrease from $30.31 billion.
- Debt carrying value decreased to $90.4 billion as of June 30, 2026, from $98.9 billion.
- Residential Connectivity & Platforms revenue decreased to $17.12 billion in Q2 2026.
- Studios segment revenue increased to $3.04 billion in Q2 2026.
Price Impact
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