Comcast Says It's Splitting Its Media and Tech Businesses. The Stock Is Soaring

Comcast Says It's Splitting Its Media and Tech Businesses. The Stock Is Soaring Aaron McDade Mon, June 29, 2026 at 3:05 PM GMT+2 2 min read CMCSA Even with Monday's gains, Comcast's stock is down about 10% year-to-date Credit: AaronP / Bauer-Griffin / GC Images / Getty Images Key Takeaways Comcast shares popped after the company announced plans to spin off NBCUniversal into its own public company in about a year. The move will make the TV, film, streaming and theme parks business a standalone company, with Comcast focused on its internet and cell service business.

Comcast shares are soaring after the company announced plans to split its media and technology businesses. Shares of Comcast (CMCSA) were up over 9% in recent trading after the media giant said that NBCUniversal, which is made up of NBC, Telemundo, Sky, and the Peacock streaming service along with the Universal film studio and theme parks, will be spun off from Comcast around this time next year. Comcast said that after the spinoff, it will exist solely the provider of internet and wireless cell service through its Comcast and Xfinity brands, and plans to retain a 19.

9% stake in NBCUniversal. Brian Roberts will serve as co-CEO of the combined company until the split, when co-CEO Mike Cavanagh will take over NBCUniversal, and former CFO Michael Angelakis will return to serve as the new CEO of Comcast, the company said. Why This Matters to Investors The move would give investors greater flexibility, with the option to invest in either or both of the businesses.

Roberts said the new NBCUniversal will be "well-positioned to pursue the significant opportunities that lie ahead, to partner across the media and entertainment ecosystem, and will be poised to grow. " Comcast hosted a call Monday to discuss the separation, and investors will also likely hear more about the decision when the company reports earnings on July 23. The spin-off is the latest move to slim down from Comcast, which already spun off its cable business Versant (VSNT), which includes CNBC and MS NOW, formerly MSNBC, around the start of the year after announcing that plan in 2024.

Even with Monday's gains, Comcast's stock is down about 10% year-to-date after a monthslong slump amid concerns about declining subscribers and intensifying competition. Speculation that there may be more telecommunications mergers and acquisitions activity in the works could also be lifting other stocks in the sector today, with Liberty Broadband (LBRDA, LBRDK) and and Charter Communications (CHTR) both up more than 13% recently. (For more reporting from Investopedia on today's market moves, click here .

) Some analysts now wonder "what could the Comcast piece do," after the spinoff, LightShed Partners' media and technology analyst Rich Greenfield said Monday morning on CNBC . "Is this prelude to a Charter merger? What else could happen in the future?

" This article has been updated since it was first published to reflect more recent prices.