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Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost
['Harshita Mary Varghese', 'July', 'Min Read']
Yahoo Finance
By Harshita Mary VargheseJuly 23 (Reuters) - Comcast's Peacock streaming service reported its first quarterly profit on Thursday, as the soccer World Cup and the hit reality show "Love Island USA" attracted more subscribers.
The $189 million pre-tax profit marks a major win for the streaming service.
The service streamed Telemundo's Spanish-language coverage of FIFA World Cup matches, whose viewership benefited from prime-time kickoffs in the United States.
Pre-tax profit from the unit fell 5.1%, with revenue of $2.41 billion slightly below estimates.
Total revenue of $29.94 billion and adjusted profit of $1.04 per share beat estimates, according to data compiled by LSEG.