Peacock Loses $500+ Million Despite New Subscriber Milestone

Despite a rise in subscribers, Peacock lost more than $500 million last quarter.

What is the update on Peacock?

Comcast, which owns the Peacock streaming service, announced its financial results for the fourth quarter earlier today. According to The Hollywood Reporter, the company had a loss of $552 million, compared to a $372 million loss  in the “year-ago period.”

The article states that Comcast “put the higher Peacock loss down in part to the launch of the NBA and an exclusive NFL game.”

It continues, “Due to its sports and entertainment lineup, Peacock posted $1.6 billion in total revenue, up from $1.3 billion the year-ago quarter. The streamer recorded 44 million paying subscribers, compared with 41 million at the end of the third quarter and 36 million a year ago, the company said Thursday.”

Comcast CFO Jason Armstrong said that Peacock’s losses are expected to “meaningfully improve again” in 2026. CEO Brian Roberts also addressed why the company hasn’t made any significant move to buy Warner Bros. Discovery, a purchase that is being heavily pursued by Netflix and Paramount.

“In terms of Warner Bros., what can you say, it’s still underway, obviously. We saw an opportunity to see if we could build value for Comcast shareholders, looking at their international reach, and would have been additive,” Roberts said. But once it looked like all-cash, we were just not interested in these values stretching our balance sheet to do something like that.”

“…A lot of companies are (asking) what does this mean to me? And there’s a lot of conversations on whether there are opportunities to build value, and we’re always open to that. So we’re looking at ways to creatively compete, succeed and go into a part of the business that is perhaps not the same everybody else and I think we’re doing a great job of that.”

Source: Comingsoon.net