NBCUniversal reports higher Peacock losses as it shows CEO the door

Variety
27-04-2023 | 08:23
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NBCUniversal reports higher Peacock losses as it shows CEO the door
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NBCUniversal reports higher Peacock losses as it shows CEO the door

Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell’s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from $456 million in the same year-ago period.

In the fourth quarter of 2022, Peacock reported an adjusted EBITDA loss of $978 million. The company previously warned shareholders that it expects losses to peak at around $3 billion this year.

However, Peacock also experienced subscriber growth, adding two million paying subscribers to bring the total to 22 million, up from 20 million in the previous quarter–a significant increase compared to the prior year when it had 13 million paying subs.
 

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