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Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) shares rose more than 8% on Thursday morning after the company’s first quarter financial results came in ahead of Wall Street expectations and reflected improving trends in broadband and wireless growth.

For the quarter, Comcast reported adjusted earnings per share of $0.79, above the $0.73 expected by analysts.

Revenue was $31.46 billion, also surpassing estimates of $30.43 billion.

In its Connectivity & Platforms segment, Comcast reported 1.6% revenue growth to $11.6 billion, driven by gains in domestic wireless equipment, business services connectivity, and international connectivity. The company said its updated go-to-market strategy contributed to improved domestic broadband trends, with net losses narrowing by 117,000 year-over-year to 65,000.

Domestic wireless lines added 435,000 during the quarter, marking what the company described as its strongest quarterly result on record. Total wireless lines reached 9.7 million.

Business Services Connectivity revenue increased 5.8% to $2.6 billion, with EBITDA rising 3.8% to $1.5 billion and margins holding at 55.9%.

Comcast also highlighted continued momentum in its streaming platform Peacock, where paid subscribers rose 12% year-over-year to 46 million. Revenue for the service increased 71%, surpassing $2 billion for the first time.

The company’s theme parks division reported EBITDA growth of 33% to $551 million, supported by the opening of Epic Universe in May 2025.

Comcast also pointed to strong content performance during the quarter, citing record viewership across major events including the Milan Cortina Olympics, the Super Bowl LX broadcast, and the NBA All-Star Game.

“2026 is an important year of execution, and we're seeing tangible early signs our pivot is taking hold," Comcast co-CEO’s Brian Roberts and Mike Cavanagh said in a statement.

"Broadband subscriber losses improved by more than 100,000 year-over-year, and we delivered record wireless line additions as customers respond to simpler, more transparent offers and a better end-to-end experience.”

Comcast returned $2.5 billion to shareholders during Q1, including $1.2 billion in dividends and $1.3 billion in share repurchases.