Comcast-owned streaming service Peacock reached profitability for the first time in the second quarter of 2026 and saw its subscriber count increase by two million to 48m.
The service, launched in 2020, produced adjusted EBITDA of $189m in the second quarter of the year, compared to a loss of $101m in the second quarter of 2025.
Comcast, which also encompasses Universal and Sky, said the service’s growth was driven by programming including World Cup coverage and reality TV show Love Island USA.
The group’s studios division, including Universal’s film and TV operation, had revenue of $3.04bn for the quarter, up 25% on the previous year, and adjusted EBITDA of $202m, up from $61m.
The company put the studios division performance down to the box office success of films such as The Super Mario Galaxy Movie, Obsession (the biggest grossing release ever for Universal’s Focus Feature), and Michael, which Universal distributed internationally.
Blockbuster The Odyssey was released soon after the end of the second quarter and did not affect the results.
Comcast’s overall revenue for the quarter was down 1.2% to $29.9bn and adjusted EBITDA was down 13.4% to $8.9bn.
The group was making its first quarterly financial report since announcing its plan to split its business in two: the media and entertainment-focused NBCUniversal, with Universal and Sky, and a separate entity called Comcast housing broadband and wireless operations.
No comments yet