Comcast reported second-quarter revenue of $29.57 billion, beating analyst estimates of $29.27 billion and growing 2.7% year on year, while adjusted earnings per share of $1.04 also topped expectations. The company added a record 448,000 net wireless lines, driven by free line promotions and rising adoption of premium unlimited plans, which now account for more than 30% of new postpaid phone connects. However, domestic broadband subscriber losses persisted despite improved customer satisfaction, as a strategic shift to simplified pricing and packaging weighed on average revenue per user. Peacock reached profitability for the first time, supported by strong viewership of live events such as the FIFA World Cup and NBA playoffs, while theme parks saw mixed results with softer domestic attendance. Management expects modest improvements starting in the third quarter as free wireless lines convert to paying customers and initial investments subside.
Comcast CorpRecord wireless line additions and Peacock profitability indicate strong consumer demand for these services.