Posted on 07/27/2023 9:11:03 AM PDT by yesthatjallen
Peacock finished the June quarter with 24 million subscribers, up from 22 million at the end of March — but the streamer lost $651 million over the same three months.
Sadly, those losses have pretty much become par for the course. The NBCUniversal streaming platform lost $704 million in the prior quarter (and $467 million in Q2 2022). The company expects to post “peak” losses from streaming — to the tune of $3 billion — in 2023. Good thing Comcast is soon to come into about $9 billion in streaming bucks through the sale of its Hulu stake to Disney.
Peacock revenue rose 85 percent year to year, mostly thanks to advertising, as the vast majority of subs are on the service’s “Premium” tier. Until recently (and since its June 2020 launch), the ad-supported option cost $4.99 per month; following a July price hike it’s now $5.99. Commercial-free “Premium Plus” increased from $9.99/month to $11.99/month.
NBCU parent company Comcast did top Wall Street’s earnings and revenue expectations for the second quarter of 2023. Media analysts collectively forecast Comcast’s Q2 earnings at 97 cents per share on revenue of $30.13 billion. The company reported $1.13 of adjusted earnings per share (or $1.02 without adjustments) on $30.51 billion in revenue. Net income was $4.72 billion.
SNIP
(Excerpt) Read more at yahoo.com ...
They need to work harder to catch Disney.
If I still watched tv, there is no single streaming service that I could want. Maybe Paramount+ for Star Trek, but I don’t think that is worth the price of a monthly movie ticket.
It was better when we were limited to cable.
It’s so much better to pirate stream from fmovies or something. It’s all in one place and the same quality.
It’s a bit more of a pain to do on a smart TV, that’s about the only difference.
Pluto has killed them all.
Yeah, I don’t know why anyone would ever pay a monthly subscription for their old reruns that used to be available freely on demand with any cable package. I certainly won’t. The shows didn’t suddenly become more entertaining or valuable.
I pay the basic fee just because they have WWE. Me and the wife love to watch the premium events once a month. Without WWE I don’t know if I’d continue the subscription.
I still have a subscription, but only because I had a deal where the cable company gave my employer some free basic packages, and I finagled one of them. I pay a little bit to get some premium channels and internet though. I’m sorely tempted to cancel those, but my employer no longer owns the property, and I’m afraid if I make any changes to my plan, they might notice that I shouldn’t qualify for that “freebie” anymore.
Brithox is pretty good and only about $7 a month through Roku. Lots of mysteries.
Surprised they are losing money, they show all the golf that is too uninteresting to be on the Golf Channel.
I used Peacock once for a golf tournament, and never seen a need to use it again, as I want nothing to do with its “entertainment” stuff. Netflix is doing a better job.
There’s an over the air broadcast channel called “H&I” ( doesn’t stream ) that shows Star Trek episodes, TOS thru Enterprise six nights a week.
Nice. I wouldn’t mind seeing star trek.
I found a channel with free family friendly (the only kind I watch) anime. But I keep having to close windows because of the advertising that comes once per show.
I turn it off after TOS.
Pluto tv and the free version of Sling tv plus Tubi tv.
All the tv shows and movies you could ever watch for FREE!
I hope and pray COMCAST experiences the worst kind of failure that can befall a corporation.
There are NO good corporations in technology. They seem to attract the worst kind of flotsam and should be avoided, if you can.
Pluto - Paramount
Sling - Dish
Tubi - Fox Corp
I wonder if this has anything to do with Comcast recently ending the free subscription to Peacock they gave to existing Comcast/Xfinity cable subscribers when Peacock first launched.
-PJ
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.