# Comcast Q3 Profit Rises as $1B Restructuring Charge Announced

> Comcast's Peacock posts $261M profit while company announces $1B+ restructuring charge for mid-2027 separation.
- Title: Comcast Q3 Profit Rises as $1B Restructuring Charge Announced
- Summary: Comcast's Peacock posts $261M profit while company announces $1B+ restructuring charge for mid-2027 separation. Comcast's Peacock generated $261 million in…
- Keywords: comcast, peacock, nbcuniversal, sky, q3 2026, restructuring charge, separation, mid-2027, finance, markets, Profit, Rises
- Source: BigGo Finance — https://finance.biggo.com/news/US_CMCSA_2026-10-22
- Author: BigGo Finance
- Published: 2026-10-22T14:54:17+00:00
- Read time: 1 min
- Topics: comcast, peacock, nbcuniversal, sky, q3 2026, restructuring charge, separation, mid-2027, finance, markets
## Q3 2026 Results
Comcast reported third-quarter 2026 results showing a widening gap between its struggling connectivity business and thriving content unit.
## Peacock Profitability
Peacock delivered its second consecutive profitable quarter with $261 million in EBITDA, a $478 million year-over-year improvement.
## Connectivity Segment Decline
Connectivity & Platforms segment saw revenue fall 2.6% and EBITDA drop 4.4% as Comcast absorbed costs of simplifying pricing and free wireless lines.
## Q4 Restructuring Charge
Management disclosed a fourth-quarter charge exceeding $1 billion tied to the most significant operating and cost transformation in company history.
## Separation Timeline
The planned separation of NBCUniversal and Sky remains on track for completion by mid-2027.
## Peacock Bundle Announcement
Comcast unveiled a Peacock bundle with YouTube Premium set to launch early next year.
## Studios Performance
Universal's film studio had a record-breaking quarter with theatrical revenue soaring 77% and EBITDA growing 19%.
## Theme Parks Decline
Theme Parks revenue fell 4% and EBITDA dropped 17% due to softness in Orlando and Japan.
## Wireless Growth
Comcast added 368,000 net wireless lines bringing total to 10.6 million, up 18% year-over-year.
## Leadership Transition
Michael Angelakis set to become CEO next year while Cavanagh works closely with him.
## Q4 Outlook
Comcast expects slight improvement in connectivity trends and continued Peacock profitability with YouTube bundle launch early next year.
## Key takeaway

Comcast's Peacock generated $261 million in EBITDA for Q3 2026, while the company announced a $1 billion+ restructuring charge tied to its planned mid-2027 separation of NBCUniversal and Sky.