Beginning in the first quarter of 2021, the financial impact of Peacock, previously reported in the “corporate and other” segment, have been included in the results of NBCUniversal, led by CEO Jeff Shell.
Comcast on Thursday also reported NBCU’s first-quarter EBITDA rose 7.4 percent to $1.60 billion on revenue of $10.30 billion, up 46.6 percent. Media unit revenue jumped 36.6 percent to $$6.87 billion, but when excluding the Winter Olympics and Super Bowl, revenue in the division rose 6.9 percent to $5.38 billion.
Comcast also reported quarterly subscriber and financial trends at its core cable systems, where pay TV customers declined further, and its European pay TV business Sky. Comcast is led by chairman and CEO Brian Roberts who touted the company’s latest results and overall momentum. “Our media business is performing well, and the scale of our reach is underscored by our successful broadcast of the Super Bowl and the Olympics in the same week,” he said. “These events were viewed by more than 200 million people in the U.S. across NBCUniversal’s platforms, including Peacock, which had an exceptional quarter.
This looks like trying to polish a turd. $456 loss is disastrous. If you rely on Olympics & NFL to save your ass then you are basically a sports channel parading as something much bigger. So become a sports channel & drop all else. I know their news media is a woke joke farce
📉📉📉📉📉📉⬇️⬇️⬇️