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Comcast reported a Q3 EBITDA beat driven by media, while shares fell on broadband losses and parks weakness; analysts kept Buy ratings, but TD Cowen cut its price target. The report also cites AI tools like Muse as a competitive threat.
The article
Comcast Posts Q3 EBITDA Beat On Media Upside, Faces Threat From AI Tools Like Muse Comcast Corp (NASDAQ:CMCSA) shares were under pressure Friday morning after the company’s third-quarter results. Here are some key analyst takeaways: TD Cowen analyst Gregory Williams reiterated a Buy rating, but cut the price target from $39 to $36. Rosenblatt Securities analyst Barton Crockett maintained a Buy rating and price target of $31. Check out other analyst stock ratings. TD Cowen: Comcast reported revenue in line with expectations, while EBITDA came in better than estimates, Williams said in a note. He highlighted: Upside in the Media segment Lower-than-expected mobile additions Broadband subscriber losses The analyst noted that management cited stiff competition and expiring two-year promotional discounts as reasons for the broadband subscriber losses. AI tools like Meta Platforms Inc’s (NASDAQ:META) Muse make it easier for long-time subscribers to find better promotional deals from fiber competitors, forcing cable companies to cut prices, he added. Rosenblatt Securities: Comcast continued to experience pressure in broadband and parks in the third quarter, Crockett said. He added that: With the competitive environment for broadband worsening in the back half of 2026, Comcast cited $30-$40 per month fiber gig pricing in some markets. In Parks, trends weakened due to softness in Orlando and comps due to the 2025 Epic Universe opening. "A large operating and cost transformation is underway, that is expected to drive a $1B charge in 4Q26," the analyst wrote. The planned split from NBCUniversal remains on track for mid-2027, which may unlock studio value and drive upside, he further stated. CMCSA Price Action: Shares of Comcast had declined by 1.05% to $22.60 at the time of publication on Friday. Read More: Comcast Calls Rival Broadband Pricing ‘Irrational’ As Competition Heats Up Image: Shutterstock