Cable giant Comcast has hit 41m subscribers for its streaming platform Peacock in the first quarter of 2025, up from 36m from the previous quarter.
Comcast reported first quarter overall revenues at $29.8bn, compared to a year-earlier $30.05bn. Adjusted EBITDA for the company rose to $9.5bn.
Revenue for Comcast’s media unit – which includes NBCUniversal and Peacock – was up about 1% to $6.44bn, and revenue in the Universal film studios unit rose 3% to $2.83bn on the back of films such as Kung Fu Panda 4, Migration and digital sales of Wicked.
The media unit received a boost from Peacock, with revenue up 16%. The streamer’s quarterly loss narrowed to $215m, compared with a loss of $639m in the same quarter a year prior.
Competitors including Disney and Warner Bros. Discovery have each seen their streaming platforms reach profitability in recent quarters.
Comcast’s domestic broadband revenue was up 1.7% to $6.56bn, but it lost 199,000 total domestic broadband customers. Competition has increased in recent years due to the rise of alternative home internet options, including 5G.
Comcast CEO Brian Roberts said the company was showing financial discipline during a challenging environment for the media industry. “With our significant free cash flow generation, disciplined approach to capital allocation and the strength of our diversified businesses, I am confident that we are well-positioned to navigate an evolving environment and capture future opportunities.”
You are not signed in
Only registered users can comment on this article.
BBC to cut 2,000 jobs: "Put simply, the gap between our costs and our income is growing"
In an internal, all-staff call held today, Rhodri Talfan Davies, Interim Director General for the BBC, revealed that the organisation is planning to cut between 1,800 and 2,000 jobs.
AJA to acquire video encoding company Comprimato
AJA Video Systems has agreed to acquire Comprimato, a live video encoding and processing software provider for virtualised and cloud productions and broadcasts.
Spain’s LaLiga teams with Fastly to target streaming piracy
LaLiga is collaborating with San Francisco-based edge cloud platform provider Fastly to develop technical solutions to address illegal streaming of live sports, with a special focus on the Spanish league’s football matches.
Women's elite sports revenues to reach $3bn in 2026
Global revenues in women’s elite sports will reach at least $3bn (£2.2bn) for the first time in 2026, according to new research by consultancy Deloitte.
SVOD market entering a ‘more disciplined phase’ – report
Global SVOD subscriptions have reached 2.2 billion worldwide and are on track to achieve 2.6 billion by 2030, according to Futuresource Consulting.
.jpg)
