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Peacock Posts $552 Million Loss as Subscribers Rise to 44 Million
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The Hollywood Reporter
Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, has posted a widened fourth-quarter loss of $552 million, compared with $372 million in the year-ago period.
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.
Content and experiences revenue rose 5.4 percent to $12.7 billion, as media revenue, which includes NBCUniversal, was up 5.5 percent to $7.6 billion.
The division shed 245,000 video customers during the fourth quarter, and lost another 181,000 broadband subscribers.