Peacock Streaming Loss to Peak at $2.8 Billion in 2023 as Service Tops 30 Million Subscribers, Comcast President Says [Variety]

Peacock Streaming Loss to Peak at $2.8 Billion in 2023 as Service Tops 30 Million Subscribers, Comcast President Says [Variety]

BY JENNIFER MAAS

December 4, 2023 | Peacock is closing out 2023 with some good news: The Comcast-owned streaming service has reached 30 million paid subscribers.

Additionally, according to Comcast CEO Mike Cavanagh, the platform saw $2.8 billion in losses this year (coming in under the $3 billion projected by the company back in January), and Cavanagh expects that figure to be the peak loss for Peacock heading into 2024.

Cavanagh boasted about Peacock’s growth over its first three years during the UBS Global Media and Communications conference Monday, saying: “To be at 30 million paying subscribers for Peacock now, switching gears to that, at roughly $10 monthly ARPU, and having done that in only three years.”

Read more on Variety.
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