Overview
- Peacock reported an adjusted EBITDA profit of $189 million and added 2 million paid subscribers to reach 48 million, results the company disclosed on Thursday.
- Comcast said the FIFA World Cup, NBA playoffs and hits like Love Island USA drove engagement and roughly $440 million in incremental World Cup revenue for the media segment.
- The parent company beat Q2 expectations with $29.94 billion in revenue and $1.04 in adjusted earnings per share, led by gains at studios, advertising and distribution.
- Connectivity remained weak as Comcast lost 167,000 residential broadband customers, even as its wireless arm set a record with 448,000 net new lines to about 10.2 million.
- Executives framed Peacock’s profit as a milestone that supports the planned spin-off of NBCUniversal and Sky, while warning that streaming results may vary quarter to quarter and theme parks face international softness.