The NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer laptop in an organized {photograph} taken within the Brooklyn Borough of New York, U.S., on Monday, April 20, 2020.
Gabby Jones | Bloomberg | Getty Images
Streaming service Peacock has slowly been retreating with shoppers. Its losses on Comcast’s steadiness sheet, nevertheless, have been swift.
Like its friends, Comcast has been investing in its streaming platform by placing extra of its content material on Peacock. But it is coming at a heavy price.
Peacock weighed down earnings for Comcast’s NBCUniversal, with the corporate reporting Thursday that Peacock recorded an adjusted lack of $978 million throughout the fourth quarter. For the general 12 months, Peacock’s losses have been in step with what the corporate had earlier warned–about $2.5 billion.
The ache is not over but. Company executives mentioned Thursday Peacock losses will peak in 2023 at round $3 billion, however count on it to steadily enhance after that.
Investors’ tune have modified about including…
2023-01-26 11:38:22 Peacock losses to peak this 12 months because it slowly provides subscribers
Source from www.cnbc.com
