Subscriptions to Peacock stayed flat at 41m in the second quarter of 2025, but the streaming service cut its losses to $101m, according to parent Comcast.
Reporting its second quarter financial results, Comcast said revenue from its streaming platform was up 18% to $1.2bn, driven in part by the success of reality series Love Island USA. The revenue boost reduced losses that had reached $348m in the second quarter of 2024.
In a conference call with analysts, Comcast president Michael J Cavanagh said Peacock “continues to deliver significant value” to the company. “We took on the challenge and opportunity of creating a streaming service in Peacock, and I’m proud to say we see very strong continued momentum there,” he added.
In its NBCUniversal studios division, Comcast reported an 8% increase in revenue to $2.4bn for the quarter, with the rise attributed primarily to higher content licensing and theatrical revenue. Theatrical revenue was up 20% to $284m. Universal Pictures’ live-action version of How To Train Your Dragon was a strong performer with a worldwide box office take of more than $600m.
Overall, Comcast, which also owns European TV giant Sky, saw second quarter revenue edge up 2.1% to $30.3bn. Net income surged 183.1% to $11.1bn, mainly due to the sale of Comcast’s stake in the Hulu streaming service to Disney.
No comments yet