Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, has posted a widened fourth-quarter loss of $552 million, compared with $372 million in the year-ago period.
Comcast, which announced its latest financial results on Thursday, put the higher Peacock loss down in part to the launch of the NBA and and exclusive NFL game. Due to its sports and entertainment lineup, Peacock posted $1.6 billion in total revenue, up from $1.3 billion the year-ago quarter. The streamer recorded 44 million paying subscribers, compared with 41 million at the end of the third quarter and 36 million a year ago, the company said Thursday.
Overall Comcast revenue came to $32.3 billion, in line with an analyst forecast for $32.34 billion, and up 1.2 percent from a year-earlier $31.9 billion in revenue. Net income attributable to Comcast was down 55 percent to $2.16 billion, while the adjusted earnings per-share fell 12.4 percent to 84 cents. That beat an analyst forecast for adjusted EPS at 76 cents.
Content and experiences revenue rose 5.4 percent to $12.7 billion, as media revenue, which includes NBCUniversal, was up 5.5 percent to $7.6 billion. That offset the Universal film studios revenue dropping 7.4 percent to $3.02 billion on a fall in licensing and theatrical revenue.
The slip in studios revenue was also offset by the theme parks revenue — a key metric for investors — rising 22 percent to $2.9 billion in the fourth quarter after the opening of Epic Universe in May 2025.
Comcast’s connectivity and platforms revenue fell 1.1 percent to $20.2 billion. The core cable and telecom distribution business continued to lose pay-TV and broadband subscribers in the fourth quarter as Comcast continues to grapple with cord-cutting and competitive pressures. The division shed 245,000 video customers during the fourth quarter, and lost another 181,000 broadband subscribers.
Comcast recently announced it had completed the separation of most of its cable networks into a separate entity called Versant Media Group, led by Mark Lazarus as CEO.
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