Comcast reported its earnings for the final quarter of 2022, noting that Peacock grew substantially in both subscribers and revenue.
The streaming platform added around 5 million US subscribers in Q4, surpassing the 20 million overall mark.
- Comcast executives estimate that the company's losses on Peacock will hit their peak in 2023, at around $3 billion.
- Excluding the World Cup, NBCUniversal ad revenue was down in Q4 due to a softening ad market.
- NBCU's quarterly losses related to Peacock hit around $978 million.
- Comcast also disclosed $638 million in severance costs, a total that's $541 million higher than the same period in 2021; these cuts were mostly to the company's cable systems division.
- Universal's theatrical revenue in Q4 was way up, with boosts from the holiday-themed action film "Violent Night," the horror sequel "Halloween Ends," and the DreamWorks animated adventure-comedy "Puss in Boots: The Last Wish."
