Nolte: Peacock Streaming Service Lost $639 Million in Q1

Comcast/NBC/Universal’s streaming service, Peacock, lost a whopping $639 million in the first three months of 2024.

“Peacock narrowed its streaming loss to $639 million in the first quarter of 2024, with paid subscribers growing 55% year-over-year to 34 million,” reported the far-left Wrap. “But shares of the media conglomerate tumbled over 6% as it continued to bleed pay TV and broadband subscribers.”

“Narrowed.”

The Wrap even put “narrows” in the headline… “Peacock Narrows Streaming Loss to $639 Million in Q1, Hits 34 Million Paid Subscribers.”

So, yeah, Peacock is on pace to lose $2.76 billion — with a “B” — in 2024, but let’s go with “narrows.”

But just how “narrow” is that compared to 2023? Read on…

During the quarter,

Continue reading