CMCSA · Earnings call · 2026Q3T · Full report
Free Cash Flow and Capital Allocation
COMCAST CORP · 2026-10-22 · Importance 64 · Surprise 42 · In source text
Comcast generated $4.2 billion of free cash flow in the third quarter, including favorable timing impacts management expects to reverse in the fourth quarter. The company paid $1.2 billion in dividends to shareholders during the quarter. Share repurchases were paused effective July 1, and the pause is expected to remain through at least the NBCUniversal and Sky separation. Management said the priority is preserving financial flexibility and strong balance sheets for both companies.
Key facts
- Comcast reported third-quarter adjusted EPS of $1.07 and free cash flow of $4.2 billion.
- Comcast paused share repurchases as of July 1 and expected the pause to remain in place at least through the NBCUniversal/Sky separation.
- Comcast paid $1.2 billion in dividends to shareholders in the third quarter.
- Comcast said it had a disciplined approach to its balance sheet.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | — | Comcast paused share repurchases as of July 1 and expected the pause to remain in place at least through the NBCUniversal/Sky separation. |