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.