Comcast mobile additions hit 448,000 as Peacock reaches first profitability

Comcast is aggressively using wireless as a churn-reduction tool for a broadband business currently losing nearly 170,000 customers per quarter. By converting trial mobile lines to paid status and migrating legacy users to higher-tier unlimited plans, Comcast aims to offset broadband ARPU pressure. This convergence strategy is no longer a peripheral experiment; it is now the primary lever for defending the residential connectivity footprint against fiber and fixed-wireless competitors. In the streaming segment, Peacock’s transition to profitability provides critical momentum ahead of the planned NBCUniversal spinoff, proving that a sports-heavy streaming model can scale into a self-sustaining asset. Watch for Q3 broadband ARPU to see if the tailwind from expiring mobile promotions successfully stabilizes domestic connectivity margins.

The second quarter results arrived just weeks after Comcast announced a massive restructuring plan. Per the Los Angeles Times in June 2026, the company intends to spin off its NBCUniversal media assets—including Peacock, the NBC network, and Universal film studios—alongside its European Sky operations into a new independent entity. This separation, expected to finalize within a year, will leave the remaining Comcast focused primarily on its broadband and wireless technology platforms. This pivot aligns with a broader industry trend of large conglomerates unbundling media from distribution to facilitate agile content strategies and reduce the debt load associated with traditional cable operations.

In the U.K., Comcast’s Sky unit is also moving toward major consolidation. According to Reuters in July 2026, Sky reached a £1.6 billion ($2.13 billion) agreement to acquire the media and entertainment division of ITV, the UK’s largest commercial broadcaster. This deal, currently under review by the Competition and Markets Authority, would combine two of Britain’s most significant television businesses, creating a combined entity expected to command roughly 70% of the U.K. TV advertising market. This consolidation is a direct response to the pressure exerted by global platforms like Netflix and YouTube on traditional linear and free-to-air broadcasters.

Furthermore, Comcast’s enterprise ambitions have evolved through a strategic wireless partnership with T-Mobile. Per a July 2025 announcement, Comcast and Charter Communications entered into a multi-year exclusive arrangement to use T-Mobile’s 5G network for their respective business mobile products. As noted in current earnings commentary, this partnership specifically targets small and mid-sized businesses (SMBs), a segment where cable operators see high potential for "capital-light" growth by leveraging existing commercial fiber footprints with nationwide mobile connectivity.