Key Takeaways
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- Peacock lost $552 million in 2022, an increase from the previous year, due to investments in sports content like NBA and NFL.
- Despite the losses, Peacock managed to gain 3 million subscribers, bringing the total to 44 million, and generated $1.6 billion in revenue.
- Comcast remains optimistic about Peacocks future, anticipating expense reductions and a positive trajectory due to subscriber growth and revenue gains.
- The company is monitoring Netflixs potential acquisition of Warner Bros, which could impact the streaming landscape.
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Expanded Peacock Losses Reach $552 Million, Yet Subscriber Growth Remains Strong
Comcast’s latest financial report indicates that its streaming service, Peacock, lost $552 million—$170 million more than the previous year. Comcast says these losses are primarily due to investments in NBA and NFL content. Despite the losses, Peacock gained 3 million subscribers, bringing the total to 44 million, and generated $1.6 billion in revenue. Comcast remains optimistic about Peacock’s overall reach and anticipates future expense reductions. The company is also monitoring Netflix’s potential acquisition of Warner Bros. In related news, Universal Pictures experienced a 7.4% revenue decrease. However, Peacock’s $552 million loss, while substantial, is not unprecedented; losses peaked at over $820 million between early 2023 and mid-2024. Still, this represents the largest loss reported in the last two years. Subscriber growth and revenue gains indicate a positive trajectory for Peacock, even as content investments continue to impact the service’s profitability.
In Case You Missed It
In a series of unexpected and captivating developments in the world of entertainment, Chuck Dixon, known for his Batman writing prowess, has recently expressed concerns about the future of DC Studios under James Gunn and Peter Safran. In his latest piece, “Gunn’s Superman a Failure, Criticizes Writer” (published October 29th), Dixon questions whether their leadership might be coming to an end due to the lackluster performance of Superman on the big screen and the uncertain fate of Peacemaker season 3, amidst rumors that Warner Bros. Discovery could potentially be up for sale to heavy hitters like Netflix, Amazon, or Apple. This marks Dixon’s first critique of Gunn’s choices since the launch of DC Studios’ new era. Meanwhile, in a fascinating turn of events, Marcus Thompson delves into the corporate bidding war happening right under our noses, exploring Netflix’s, Paramount’s, and Comcast’s interests in acquiring Warner Bros. Discovery’s assets, including iconic franchises like Batman and Harry Potter, in his latest piece “Netflix in the Race to Buy Batman, Harry Potter, and More” (published Nov 17, 2025). However, just when we thought things couldn’t get more interesting, Netflix has made a groundbreaking move by inking an $82.7 billion deal to acquire Warner Bros Discovery, including HBO Max, HBO, and Warner Bros Games. Sophie Laurent’s insightful piece “Netflix Wins $82.7 Billion Deal for Warner Bros, Vows to Support Cinema” (published December 8, 2025) details this monumental acquisition, which is expected to significantly bolster Netflix’s content library with beloved franchises like Game of Thrones and Harry Potter, while also reassuring cinema operators by promising to maintain current operations and adapt release windows to better suit consumers.
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