Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its third-quarter revenue and narrowed its loss to $436 million from a loss of $565 million in the year-ago period, but the loss widened a bit compared with the loss of $348 million posted for the second quarter of 2024 on higher programming costs, driven by the Summer Olympics in Paris. Boosted by the Games, however, the streamer grew its revenue and ended September with 36.0 million paying subscribers, compared with 33.0 million as of the end of June, the company said on Thursday.
“Peacock revenue increased 82 percent (year-over-year) to $1.5 billion; adjusted EBITDA improved compared to the prior-year period,” Comcast highlighted.
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Discussing the Summer Games further on Thursday, the conglomerate touted key results. “Comcast’s exclusive broadcast of the Paris Olympics in the U.S. showcased the combined capabilities across our company and
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