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CMCSA · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Comcast Corp (CMCSA) stock moving?
CMCSA has rallied from a 30-day low close of 21.57 on Oct 28 to 24.75 on Nov 10, a gain of about 14.7%, and closed above its 30-day VWAP of 24.69 on the latest session. The high of 25.30 on Nov 5 has capped the advance so far. Volume has faded from 35.9M on Nov 5 to 22.3M on Nov 10, which suggests the move is losing participation. Q3 results (Oct 22) were soft on a reported basis, with revenue down 6.1%, adjusted EPS down 4.0% and free cash flow down 14.8%. Pro forma figures were slightly positive, with revenue up 0.5% and adjusted EBITDA up 0.8%, and Peacock turned profitable for a second straight quarter. The news flow since then is mixed. Management is planning a more than $1B Q4 transformation charge and over 1,000 job cuts in Connectivity and Platforms ahead of separating NBCUniversal and Sky into two companies, which adds near-term costs but could sharpen the focus of both businesses. A $100M accelerated buyback and steady wireless growth (10.6M lines) offer support. Against that, the UK regulatory review of Sky's ITV deal and the unannounced Jio licensing talks leave open questions. Overall the evidence leans modestly positive over the longer horizon, while the short term is more balanced given the fading volume after a sharp rally.
News behind the analysis
- COMCAST REPORTS 3rd QUARTER 2026 RESULTSQ3 reported revenue fell 6.1% to $29.3B and adjusted EPS fell 4.0% to $1.07, while pro forma revenue rose 0.5% and free cash flow fell 14.8% to $4.2B. Peacock posted its second consecutive profitable quarter with $261M adjusted EBITDA.
- Xfinity Announces 15-Day WiFi Speed Boost for Grand Theft Auto VI LaunchXfinity is offering eligible internet customers a free 15-day speed boost ahead of the Grand Theft Auto VI launch. This is a minor consumer promotion with no financial scale disclosed.
- Comcast Corp. Is Planning To Cut More Than 1,000 Jobs In The Company’s Connectivity And Platforms Divisions As It Prepares To Separate The Declining Units From Its Faster-Growing Media And Entertainment DivisionBloomberg reports Comcast plans to cut more than 1,000 jobs in its Connectivity and Platforms divisions ahead of separating them from the faster-growing Media and Entertainment unit. The move is part of the planned split of the company.
- Comcast Announces Over $1 Billion Transformation Charge for Organizational RedesignComcast plans to record a fourth-quarter transformation charge exceeding $1 billion tied to an organizational redesign and cost-reduction initiative. The charge will weigh on Q4 reported earnings.
- Comcast Announces Accelerated Share Repurchase AgreementComcast plans an accelerated share repurchase agreement to buy back $100 million of its Class A common stock. The buyback is small relative to the company's roughly $4.2B quarterly free cash flow.
- UK Government Intervenes in Sky's Planned Acquisition of ITV Media AssetsThe UK government issued a public interest intervention notice on Sky's proposed £1.6B acquisition of ITV's media and entertainment business, triggering a formal regulatory review. The outcome and timing remain open.
- Comcast in Discussions with Jio Platforms Regarding Wireless Technology LicensingComcast has reportedly held talks with India's Jio Platforms about licensing its Unlicensed Band Radio wireless broadband technology. No deal has been announced.
- U.K. Opens Investigation Into Comcast's Sky UK Limited's Proposed Merger With ITV Media & Entertainment HoldingsThe U.K. has opened an investigation into Sky UK's proposed merger with ITV's media and entertainment unit. The probe adds regulatory uncertainty to the deal.
- British Broadcaster Sky Receives Security ThreatComcast subsidiary Sky reported a security threat and is coordinating with authorities. No financial impact has been reported.
- Comcast Co-founding Partner and Cable Pioneer Julian A. Brodsky Dies at 93Julian A. Brodsky, a co-founding partner of Comcast and a key figure in the cable industry, has died at age 93. The news has no direct effect on operations or guidance.
About Comcast Corp
Comcast is a Philadelphia-based company that runs Xfinity broadband, wireless and cable services in the US, and owns NBCUniversal, which includes the NBC network, Peacock streaming, Universal film studios and Universal theme parks, plus Sky in Europe. It stands out for pairing one of the largest US broadband networks with a major entertainment business. It spun off most of its cable TV networks as Versant Media in early 2026.
How it makes money
Comcast had roughly $124 billion of revenue in 2025, from two main parts. Connectivity & Platforms (about half or more of revenue) earns monthly fees for home broadband, Xfinity Mobile wireless (about 10.6 million lines as of Q3 2026), business connectivity services, video packages and Sky in Europe. Content & Experiences earns money from TV advertising and distribution fees, Peacock subscriptions and ads (Peacock was first profitable in Q2 2026), film and TV studio releases and licensing, and theme park tickets and spending, which got a boost from Epic Universe in Orlando. The company pays a dividend and buys back shares, returning about $11.7 billion to shareholders in 2025.
What usually moves CMCSA
- Broadband subscriber losses vs. fiber and fixed-wireless competition
- Wireless line growth and convergence
- Theme park attendance and consumer spending
- Advertising and Peacock growth tied to sports and major live events
- Capital spending, free cash flow and buybacks