A significant comeback for NBCUniversal paced Comcast’s results in the second quarter as the media giant handily beat Wall Street forecasts.
Total revenue climbed 20% to $28.5 billion, while earnings per share increased 22% to 84 cents. Wall Street analysts had expected earnings of 67 cents a share and revenue of $27.2 billion.
At NBCU, adjusted Ebitda rose 12.5% to $1.6 billion, even including a loss of $363 million on Peacock, the company’s year-old streaming service. (The company had long projected a money-losing start to the service.) No new user stats were offered for Peacock, which had 42 million sign-ups as of the end of the first quarter, about one-third of which translated to active users.
Peacock launched in April 2020 on Comcast’s own broadband and pay-tv platforms before going national in July of last year. Take-up has thus far been modest by comparison with rival services and the company has been exploring a range of strategic options.
Total revenue climbed 20% to $28.5 billion, while earnings per share increased 22% to 84 cents. Wall Street analysts had expected earnings of 67 cents a share and revenue of $27.2 billion.
At NBCU, adjusted Ebitda rose 12.5% to $1.6 billion, even including a loss of $363 million on Peacock, the company’s year-old streaming service. (The company had long projected a money-losing start to the service.) No new user stats were offered for Peacock, which had 42 million sign-ups as of the end of the first quarter, about one-third of which translated to active users.
Peacock launched in April 2020 on Comcast’s own broadband and pay-tv platforms before going national in July of last year. Take-up has thus far been modest by comparison with rival services and the company has been exploring a range of strategic options.
- 7/29/2021
- by Dade Hayes
- Deadline Film + TV
Similar News
Chicago P.D. details on Jesse Lee Soffer’s upcoming episode revealed
- 5/4/2024
- by Ryan DeVault
- Monsters and Critics
Skydance’s Proposed Deal With Paramount Global Appears to Be Falling Apart
- 5/3/2024
- by Todd Spangler
- Variety Film + TV
Is Ryan Gosling's New Movie 'The Fall Guy' Streaming Now? When Will it Be Available on Peacock?
- 5/3/2024
- by David Satin
- The Streamable
Cardi B, Sha’Carri Richardson Team Up to Promote NBC’s Paris Olympics
- 5/4/2024
- by Brian Steinberg
- Variety Film + TV
If Shari Redstone Goes It Alone With Paramount, a Streaming Deal With Peacock Could Be Next
- 5/4/2024
- by Kim Masters and Alex Weprin
- The Hollywood Reporter - Movie News
‘Insane Like Me?’ Trailer – Vampire Horror Movie Spills Blood at Home This Coming June
- 5/3/2024
- by John Squires
- bloody-disgusting.com
Bubble Shows ‘The Conners,’ ‘Walker,’ ‘Lopez vs. Lopez’ and Other Series Await Their Fate as Upfronts Approach
- 5/4/2024
- by Joe Otterson
- Variety Film + TV
“The worst idea possible”: WWE Reportedly Pitched a Storyline from Hell for The Rock That Would’ve Doomed the Franchise Forever Before Changing its Plans
- 5/4/2024
- by Krittika Mukherjee
- FandomWire
How to Watch 2024 WWE Backlash France Live Online Without Cable
- 5/4/2024
- by Matt Tamanini
- The Streamable
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.