(Alliance News) - Comcast Corp on Thursday reported that the pace of broadband customer losses eased in the first quarter, and it hailed a strong February for television viewership on a sports bonanza.

Shares in the company surged 6.6% in pre-market dealings in New York to USD31.30.

The Philadelphia, Pennsylvania-based media and technology company said attributable net income in the first three months of 2026 fell 36% to USD2.17 billion from USD3.38 billion. Revenue advanced 5.3% to USD31.46 billion from USD29.89 billion, however.

Earnings per share shrank by a third on-year to USD0.60, falling 28% on an adjusted basis to USD0.79.

Costs and expenses were 13% higher at USD27.32 billion from USD24.23 billion, hitting its bottom line.

Co-Chief Executive Officers Brian Roberts and Mike Cavanagh said: "2026 is an important year of execution, and we're seeing tangible early signs our pivot is taking hold."

Comcast said domestic residential broadband customer net losses eased by 117,000 on-year to 65,000. It hailed domestic wireless customer line net additions of 435,000, its "best quarterly result on record".

Comcast saw a boost from "legendary February", where it saw "record-setting viewership" of over 225 million.

The Winter Olympic Games, the Super Bowl, and the NBA All-Star Game led the charge.

"Peacock delivered strong growth with paid subscribers increasing 12% year-over-year to 46 million and revenue growth of 71%, surpassing USD2 billion for the first time," the firm added.

By Eric Cunha, Alliance News news editor

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