Comcast reported a lower profit in the second quarter, but narrowed subscriber losses in its domestic residential-broadband business for the second quarter in a row.

The cable-and-entertainment company said Thursday that it had lost about 167,000 domestic residential-broadband customers during the second quarter, wider than the 165,000 analysts polled by FactSet were expecting but still below the 201,000 it lost in the same period a year earlier.

The company attributed the narrowing to the effects of its new go-to-market strategy.

Comcast also posted a profit of $3.53 billion, or 99 cents a share, compared with a profit of $11.12 billion, or $2.98 a share, a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of $1.04 a share. Analysts were expecting 97 cents a share.

Revenue fell to $29.94 billion, down from $30.31 billion. Analysts were expecting $29.24 billion in revenue.

Comcast narrowed its loss of domestic video customers, shedding 280,000, compared with 325,000 a year earlier. Analysts were expecting a loss of 277,000 customers.

The company added 448,000 domestic wireless lines during the quarter, outpacing the 379,000 analysts were expecting.

Revenue from Comcast's domestic broadband service fell 5.5%, to $6.28 billion, while domestic wireless service revenue rose 14%, to $1.01 billion.

Media revenue rose 25%, to $5.69 billion, of which the company attributed about $441 million to gains from the FIFA World Cup. Its Telemundo network and Peacock streaming service held the U.S. Spanish-language rights to the tournament.

Peacock reported a 54% increase in revenue from the prior-year period, to $1.9 billion. The company ended the second quarter with 48 million paid Peacock subscribers, compared with 46 million in the first quarter.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 23, 2026 06:53 ET (10:53 GMT)

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