A significant comeback for NBCUniversal paced Comcast’s results in the second quarter as the media giant handily beat Wall Street forecasts. Total revenue climbed 20% to $28.5 billion, while …
service. No new user stats were offered for Peacock, which had 42 million sign-ups as of the end of the first quarter, about one-third of which translated to active users.Tokyo Olympics Full TV & Streaming Schedule: How To Watch Everything From Women's Gymnastics Finals To The Swimming Finals - Updated
Peacock launched in April 2020 on Comcast’s own broadband and pay-TV platforms before going national in July of last year. Take-up has thus far been modest by comparison with rival services and the company has been exploring a range of strategic options. The Tokyo Olympics had initially been planned as a major launch pad, but Covid-19 forced a one-year postponement of the Games.
Overall revenue at NBCU jumped 26% to $5.2 billion, propelled by a 33% gain in advertising as well as momentum in distribution.boosted the film operations in the quarter, though revenue perked up a more modest 8% at the studio, to $2.2 billion. Theatrical revenue increased by $191 million, which compared with an almost zero-revenue environment a year ago when theaters were closed in most global territories. But adjusted EBITDA decreased 52% to $156 million in the quarter, reflecting higher operating expenses. Those higher programming and production expenses reflected an increase in television series production, as well as higher advertising, marketing and promotion expenses as theatrical releases returned.
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