Comcast's 2Q Results Dented by Strategic Shifts

Dow Jones07-25

1355 ET - Comcast is rejiggering its connectivity proposition around transparent pricing, converged broadband and wireless, and a more flexible customer experience, while also starting work required to separate its connectivity and platform business from NBCUniversal and Sky, according to Benchmark in a note. Those changes put some pressure on the company's 2Q results, analyst Matthew Harrigan says. Comcast's consolidated revenue rose, partly because Telemundo and Peacock carried the World Cup, although pro forma adjusted EBITDA declined, Harrigan says. The connectivity and platforms segment was also hurt by lower broadband average revenue per user, free-line dilution and customer-experience investment, he says. Still, Harrigan maintain his buy rating and $44 price target on the stock. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 13:55 ET (17:55 GMT)

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Comcast's consolidated revenue rose, partly because Telemundo and Peacock carried the World Cup, although pro forma adjusted EBITDA declined, Harrigan says. The connectivity and platforms segment was also hurt by lower broadband average revenue per user, free-line dilution and customer-experience investment, he says. Still, Harrigan maintain his buy rating and $44 price target on the stock. 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Those changes put some pressure on the company's 2Q results, analyst Matthew Harrigan says. Comcast's consolidated revenue rose, partly because Telemundo and Peacock carried the World Cup, although pro forma adjusted EBITDA declined, Harrigan says. The connectivity and platforms segment was also hurt by lower broadband average revenue per user, free-line dilution and customer-experience investment, he says. Still, Harrigan maintain his buy rating and $44 price target on the stock. 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Those changes put some pressure on the company's 2Q results, analyst Matthew Harrigan says. Comcast's consolidated revenue rose, partly because Telemundo and Peacock carried the World Cup, although pro forma adjusted EBITDA declined, Harrigan says. The connectivity and platforms segment was also hurt by lower broadband average revenue per user, free-line dilution and customer-experience investment, he says. Still, Harrigan maintain his buy rating and $44 price target on the stock. 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