Comcast says Peacock is about to hit ‘peak losses’ after losing nearly $1 billion last quarter

-
A TV showing Saturday Night Live playing on Peacock.
Comcast revealed that the service lost $978 million in Q4 despite gaining 5 million new subscribers. | Image: Peacock

Comcast published its fourth quarter 2022 earnings on Thursday, reporting that the company had managed to exceed analyst projections for the year despite losing broadband and video subscribers and widening losses from its Peacock streaming service.

Peacock — the streaming platform for Comcast-owned NBCUniversal — reported a loss of $978 million during the company’s fourth financial quarter, a sizable jump from the $559 million loss reported in the same quarter last year. Comcast expects Peacock’s total losses to peak at around $3 billion. “We believe 2023 will be peak losses for Peacock and, from there, steadily improve,” said Comcast president Michael Cavanagh during a company earnings call (via CNBC).

Continue reading…



from The Verge - All Posts https://ift.tt/EwtQcC8

Comments

Post a Comment

Popular posts from this blog

Adobe Acrobat Pro DC v2020.009.20074

-
Image
Adobe Acrobat Pro DC v2020.009.20074 Description Acrobat DC with Document Cloud services is packed with all the tools you need to convert, edit and sign PDFs. It’s just as mobile as you are. So you can start a document at work, tweak it on the train and send it for approval from your living room — seamlessly, simply, without missing a beat.It’s packed with smart tools that give you even more power to communicate. Create and edit PDF files with rich media included, share information more securely, and gather feedback more efficiently. Adobe Acrobat Pro DC software is the advanced way for business professionals to create, combine, control, and deliver more secure, high-quality Adobe PDF documents for easy, more secure distribution, collaboration, and data collection. DOWNLOAD HERE Adobe Acrobat Pro DC 2020 with Patch Features: Edit PDF files With Adobe Acrobat Pro DC, you can make minor edits to text and images right in your PDF file without requiring the original document o...
Read more

Play Monument Valley 2 game at home for free and avoid the Corona Virus

-
Image
In India, due to Corona virus at present, there has been a complete lockdown. Because of this, all the big stars, including old, young, young man, young woman, children, men, women, including all the big stars are also locked in the house. In today's time, all these people are getting bored due to being closed in the house for twenty four hours. In such a situation, the Monument Valley 2 game is going to be their support. This game was earlier bought at a price of 400 rupees but now the company has made this game available for free. Monument Valley 2 now available for free Play Monument Valley 2 game at home for free and avoid the Corona Virus Ustwo games, the app developers company that created this game, has made Monument Valley 2 game available for free to save people from boredom. Let us tell you that earlier users had to pay 400 rupees to download this game, but now users can download and play this game for free from Google Play Store and reduce or eliminate their day-long bor...
Read more