CMCSA · Earnings call · 2026Q3T · Full report

Business Services Connectivity Growth

COMCAST CORP · 2026-10-22 · Importance 31 · Surprise 32

Comcast said enterprise solutions are the primary growth driver within Business Services, with healthy demand for advanced connectivity, managed networking, and security solutions. Management said the company is taking share in the enterprise market, which it characterized as dominated by legacy providers, by offering flexible, integrated solutions for increasingly complex customer needs. Small-business revenue was essentially flat amid competitive pressure, partly offset by customer uptake of mobile, WiFi Connect backup connectivity, and Xfinity Shield. Comcast also said its expanding advanced-services portfolio is helping it deepen customer relationships and extend beyond its network footprint.

Key facts

• Comcast's business services business generated nearly $6 billion annually in EBITDA.
• Business Services revenue increased 2.7% and EBITDA grew 1.7% in the third quarter.
• Comcast said it was taking share in enterprise markets dominated by legacy providers with flexible, integrated solutions.
• Comcast said Enterprise solutions was the primary Business Services growth driver, supported by demand for advanced connectivity, managed networking, and security solutions.
• Comcast reported solid enterprise revenue growth and increasing adoption of advanced services.
• Comcast said its Business Services business excelled in a large, differentiated market and had a great margin.