Comcast’s media revenue rose 36.5%, led by NBCUniversal and Peacock. Peacock paid subscribers jumped 29% to 36 million in Q3. Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up On ...

With a market cap of $122.6 billion, Comcast Corporation (CMCSA) is a global media and technology company. It operates across ...

Comcast beat quarterly revenue estimates on Thursday driven by higher-than-expected subscriber growth at its Peacock streaming service and strong attendance at its theme parks. But shares of the ...

The company “materially improved Peacock paid subscriber and financial metrics compared to the prior year period as well as on a sequential basis,” said chairman and CEO of Comcast, Brian Roberts. In ...

Peacock has nearly doubled its subscriber base to 24 million over the past year, which is partially due to its investment in live sports. And it doesn’t appear that Comcast is stopping at the ...

This growth can be attributed to the streaming revenue growth of Peacock. Peacock revenues increased by 54% to $1.1B and the subscriber count increased by 55% year over year to 34M.

The topsy-turvy move would see Peacock’s extensive lineup of live sports become available on linear TV as well as streaming.

Asked directly about when break-even will officially be achieved at Peacock, Cavanagh and Shell did not answer or reaffirm any past outlook. Unlike rival players like Disney and Warner Bros ...

Peacock Tops 20M Subs, Quarterly Loss Widens to $978M, Management Sees $3B Peak Loss in 2023 The studios unit posted improved financials as theatrical revenue jumped 47.3 percent, while management ...

“Peacock’s full-year EBITDA loss of $2.5 billion was in line with the outlook we provided a year ago, and for 2023, we expect Peacock losses to be up modestly to around $3 billion,” Comcast ...

Driving that growth, at least in part, is the increased content spend. Management said it planned to increase its 2022 budget from $1.5 billion to $3 billion. That included things like buying back ...