Peacock’s Hot Streak: Two Quarters of Profit After Years Of Losses

Peacock, the marquee NBCUniversal streamer, on Thursday delivered its second consecutive profitable quarter on the back of 48 million subscribers, up from 41 million in the year-earlier period.

As Comcast, led by Brian Roberts and Michael Cavanagh, reported its third-quarter financials, Peacock posted a pre-tax profit of $261 million, which followed a $189 million profit in the most recent second quarter and a $217 million year-ago loss. Peacock’s maiden second-quarter profit was lifted by FIFA World Cup games, which contributed $440 million in incremental media revenues.

Comcast’s content and experiences businesses reported revenue of $10.5 billion, up 6.5 percent from a year ago, and adjusted EBITIDA up 29 percent to $1.8 billion. Media revenue rose 13 percent to $5.35 billion, with adjusted EBITDA of $769 million.

Studios revenue fell 1.1 percent to $2.96 billion, with adjusted EBITDA of $402 million. The latest quarter saw contributions to Universal from Christopher Nolan’s epic The Odyssey and Minions & Monsters.

Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, saw revenue come to $1.8 billion in the most recent quarter, up from $1.4 billion of revenue in the prior-year period after recent subscription price increases and lower programming costs.

As Comcast continues to face a broadband division downturn, the media conglomerate posted third-quarter revenue down 6 percent to $29.29 billion, compared with $31.19 billion in the year-earlier period. Net income attributable to Comcast rose 3.5 percent to $3.44 billion, against $3.33 billion in the same period of 2025.

The latest results from Comcast follows the separation from Versant, the cable TV-focused spinoff from NBCUniversal that runs CNBC, MS NOW, USA, Golf Channel and other assets.