Peacock Turns First-Ever Profit as Q2 Subscribers Surge 2M, Revenue Jumps 54%
CMCSA is trading near its 52-week low of $22.125 (8.3% above the low).
Summary
Peacock posted its first quarterly profit of $189M pre-tax, driven by the World Cup and 'Love Island USA.' The service added 2M paid subscribers, reaching 48M total, while revenue soared 54% to $1.90B. Studio revenue jumped 25% to $3B on box-office hits. Total Comcast revenue was $29.94B, with adjusted EPS of $1.04 beating estimates. Broadband losses of 167K were slightly worse than expected, and theme park EBITDA fell 5.1% on Asia weakness. Residential Connectivity & Platforms revenue was $17.12B.
At the time of this announcement, CMCSA was trading at $23.96 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $84B. The 52-week trading range was $22.13 to $33.74. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.