Welcome to a special lunchtime Wakeup #MediaNerd🤓 Q1 Hollywood Earnings Season breakdown to interpret the numbers at COMCAST in early 2026.
Lotta change afoot at the country’s largest broadband provider, with VERSANT split off the books and the 1-2 Olympics/Super Bowl revenue combo.
Speaking of which, COMCAST’s long-term sports strategy really crystallized in Q1 across all of its business sectors (including Broadband), so let’s take a big look at why NBCU has been spending so much on sports — and what the plan is to make that money back, longer term.
Plus, I’ll take a look at:
- How and why Broadband subscriber trends are at least seeing some greenshoots thanks to, uh, wireless service . . . and the continued “less worse” news for the TV bundle biz.
- PLUS: How COMCAST is using similar tactics to both turn around Broadband and grow PEACOCK.
- The, uh, curious way the TV studio boosted profits in Q1
- The kinda MIA quarter in Movies
- Why NBCU is very happy with the Theme Park business and much more.
Starting with . . .
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