Comcast continued to lose broadband subscribers in the fourth quarter of 2025, shedding 181,000 domestic customers—more than the 176,000 analysts expected—while its overall performance showed mixed results with gains in streaming and theme parks offsetting cable declines.
Domestic broadband revenue dipped to $6.32 billion, and the company lost 245,000 domestic video customers (slightly better than the expected 247,600 loss), contributing to a 5.6% drop in cable business revenue to $6.36 billion.
Xfinity Mobile added 364,000 customer lines, missing Wall Street's forecast of 397,000, though wireless revenue rose 18% year-over-year to $1.4 billion.
Peacock, NBCUniversal's streaming service, delivered strong growth: revenue surged 23% to $1.63 billion, paid subscribers increased 22% to 44 million (exceeding expectations of 42.8 million), with 3 million added in the quarter. However, losses widened to $552 million from $372 million a year earlier.
Universal theme parks posted robust growth, with revenue up 22% to $2.89 billion, while studio revenue fell 7.4% to $3 billion due to softer theatrical and licensing comparisons.
Overall, Comcast's fourth-quarter revenue rose 1.2% to $32.3 billion, aligning with analyst projections. Profit fell to $2.17 billion (or 60 cents per share) from $4.78 billion (or $1.24 per share) in the prior year, when results included a significant tax benefit.