NBCUniversal‘s streaming platform Peacock may finally turn a profit next quarter, Comcast co-CEO Mike Cavanagh signaled on Thursday. The June quarter would mark Peacock’s first-ever profit; the streamer was soft-launched in spring 2020 and hard-launched in summer 2020. Due to the COVID-19 pandemic, Peacock’s rollout, timed to the Tokyo Summer Olympics, was stunted. Those 2020 summer games finally happened the following year, though the spectacle was still far below the event’s typical level.
Comcast CFO Jason Armstrong told analysts on an earnings call that the streamer has seen a “meaningful inflection point with Peacock expected to approach profitability” in the near-term.
“I think the prospect for ongoing and durable profitability for Peacock is what we have our sights on,” Cavanagh said during the Q&A portion of Comcast’s Q1 conference call with media analysts.
Peacock lost $432 million in the first quarter of 2026, which measures January through
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