

Nearly six years after its launch, Peacock has recorded its first-ever profitable quarter. According to The Hollywood Reporter, Comcast revealed during its second-quarter earnings report that Peacock generated $189 million in EBITDA while growing its subscriber base to 48 million.
The company credited programming including the NBA playoffs, FIFA World Cup and Love Island for helping drive the streaming service’s performance. The milestone comes as Comcast’s broader content and experiences division reported $10.7 billion in revenue, an increase of 22.9 percent from the same period last year.
The Hollywood Reporter notes media revenue climbed 25 percent to $5.7 billion, while adjusted EBITDA reached $708 million. The FIFA World Cup was a major contributor to those results. Telemundo’s Spanish-language coverage generated an additional $440 million in revenue during the quarter.
Comcast cautioned that Peacock may not remain profitable every quarter. Executives said profitability will “vary quarter by quarter” depending on sports schedules and when major programming arrives, recommending that its performance be measured year-over-year instead.
Peacock is also continuing to expand its original programming. As mxdwn recently reported, Seth Green (Robot Chicken, Without a Paddle) expressed interest in joining the streamer’s upcoming live-action adaptation of Dungeon Crawler Carl.
Green said he hopes to play Mordecai but does not want to use his friendships with producer Seth MacFarlane (Family Guy, American Dad!) or author Matt Dinniman to secure the role. The project is one of several upcoming titles that could help Peacock build on its growing subscriber base.
NBCUniversal’s studio business also had a strong quarter, with revenue increasing 25 percent to $3 billion, driven by The Super Mario Galaxy Movie and Obsession. Comcast co-CEO Mike Cavanagh also highlighted Christopher Nolan’s (Oppenheimer, Inception) The Odyssey, calling it “one of the defining theatrical events of the year.”
The company’s theme parks faced more difficult conditions. Revenue increased 2.7 percent to $2.4 billion, but adjusted EBITDA declined 5.1 percent to $609 million.
The results arrive as Comcast prepares to separate its cable and connectivity operations from its entertainment and content business. Cavanagh said the split is expected to be completed within a year and expressed confidence that NBCUniversal and Sky can remain major players as independent operations.
