Comcast executives touted upcoming split to Wall Street as cable networks prepare to separate from the rest of NBCUniversal.
Olympics bump looks to have been short-lived as NBCUniversal's streaming platform closed out the year without having added to its Paris haul. Per Comcast's fourth-quarter and full-year earnings results,
Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service.
Revenue rose 2% to $31.92 billion, generated by increases in its U.S. wireless operations, the success of “Wicked” and “The Wild Robot” at the box office and subscriptions at Peacock. Revenue from the company’s cable and connectivity business was basically flat.
The media conglomerate beat Wall Street expectations, despite shedding 139,000 domestic broadband customers The post Peacock Narrows Q4 Loss to $372 Million, ‘Wicked’ Boosts Comcast’s Studios Profit by 85% appeared first on TheWrap.
Comcast's spinoff plans for its NBCUniversal cable TV networks include another channel that occasionally carries golf broadcasts, USA. Others to be separated are MSNBC, CNBC, Oxygen, E! and Syfy.
Comcast, led by chairman and CEO Brian Roberts, reported fourth-quarter and full-year results for its entertainment unit and other operations.
Peacock lost $372 million over the final three months of 2024, when it added…zero subscribers. The good news is it didn’t lose members either: Peacock’s 36 million subscribers at the end of the year stayed stagnant with the prior quarter’s results. The platform’s Q4 revenue was $1.3 billion.
Comcast leaders talked up a 'broadcast-plus-streaming' strategy for NBCUniversal after the cable spinoff, as outlined on Thursday's Q4 earnings call.
Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, as 'Wicked' boosted NBCUniversal studio results.
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