Comcast (CMCSA) official guidance

I think in Orlando, I would expect to see the softness there just trend similarly at least next quarter and in the first half of next year and start to lap from there.

I think in Orlando, I would expect to see the softness there just trend similarly at least next quarter and in the first half of next year and start to lap from there.

Looking ahead, we expect performance to strengthen as we move through 2027, with a return to growth in the second half of the year.

As I said earlier, we expect to have a significant charge in the fourth quarter related mostly to our transformation efforts, and I would quantify that at over $1 billion.

With that being said, we still added close to 370,000 lines, and in 2026, it will be our best mobile line net add year in the company's history.

That remains our expectation, and we expect modest improvements starting in the third quarter.

While we see it continuing into the third quarter, not something that we think is a permanent change in the outlook at all, because we continue to see continued consumer appeal and satisfaction in all the things we look at as it relates to the excitement people have about our parks.

That remains our expectation, and we expect modest improvements starting in the third quarter.

As to Peacock profitability itself, we do expect it to continue to improve on an annual basis, but profitability is going to vary quarter by quarter just based on the timing of sports schedules and other content hitting one quarter versus another.

We continue to expect a significant majority of these customers to convert to paid relationships as roll-offs accelerate in the second half of the year.

We do see some incremental pressure in Q2, but we do expect relief as we exit the year.

Importantly, we expect the setup to improve from here, with second quarter reflecting a meaningful inflection point, with Peacock expected to approach profitability.

Importantly, we expect the setup to improve from here, with second quarter reflecting a meaningful inflection point, with Peacock expected to approach profitability.

We were transparent about this last year, flagging that these pressures would intensify into the early part of this year, including the quarter we're reporting now and some incremental pressure in the second quarter. That expectation remains unchanged.

Yeah, I would say we do expect improvement year-over-year, but more than half of the benefit in Q1 was tied into the Legendary February. We really leaned into that from a marketing investment and an offer investment. Like I said, it was a great moment, and we took advantage of it.

As Versant exits the calculation over the course of this year, we expect leverage will tick up a bit. As I said last quarter, our intention is to bring leverage back to 2.3 times.

Looking ahead, we expect further ARPU pressure for the next couple of quarters, driven by the absence of rate increase, the impact from free wireless lines, and the ongoing migration of our base to simplified pricing.

As a result, our investors should see higher total dividends in 2026, marking our 18th consecutive year of dividend growth.

As we have said before, as we continue to invest through this transition, we expect incremental EBITDA pressure over the next couple of quarters until we begin to lap these initial investments in the second half of 2026.

And then as time passes between over several years, 2025 to 2028, as our affiliate deals renew, as opposed to they don't accelerate simply because we took on new content. So we will see that revenue stream build as we and those multiple levers are the levers that over the period of time ahead bring Peacock to profitability in the overall media segment to sustainable profitability alongside parks and studios.