Comcast's second-quarter earnings showcased a remarkable financial performance, significantly boosted by the sale of Hulu. The transaction resulted in a $9.4 billion (€8.554 billion) gain for the company. This contributed to an overall increase in revenue of 2.1% compared to the same period in 2024, leading to a net income of $11.1 billion.
Comcast's Consolidated Adjusted EBITDA saw a 1.1% increase, reaching $10.3 billion. The Connectivity & Platforms segment, which includes the Sky business, experienced robust growth of 5.4%, reaching $11.5 billion. This growth was fueled by strong performance in Domestic Broadband, Domestic Wireless, and International Connectivity. While the company saw an increase in International Connectivity Customer Relationships from 17,638,000 to 17,698,000, domestic subscriptions showed a decline.
With Hulu now under Disney's ownership, Comcast's streaming service, Peacock, is actively establishing its unique position in the market. Peacock's EBITDA losses improved significantly, decreasing by $247 million compared to the previous year, contributing to a 9.3% increase within the media segment, reaching $1.5 billion. A key differentiator for Peacock is its extensive sports coverage, which will further expand in the autumn with the addition of NBA coverage. This strategic focus on sports programming positions Peacock for continued growth and market share gains.