Peacock losses narrow as Comcast hints at future price hikes [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
Losses at Peacock narrowed to $639 million compared to a loss of $704 million in the prior-year period. The company previously said 2023 would be the year of "peak losses" at the streaming service. "We are really pleased with Peacock's trajectory," Comcast CFO Jason Armstrong said during the company's first quarter earnings call. "We started the year with an incredibly successful NFL wild card game , which resulted in a nice lift to paid subs. But even more important was how our broad content offering enabled strong consumer acquisition, retention, and engagement." In total, Peacock subscribers have climbed 55% year over year to reach 34 million. The company said consumers are spending 90% of their time on the platform viewing non-sports content, which includes original scripted series like "Ted" and "Apples Never Fall" along with reality programs like "The Traitors." "Oppenheimer" , which premiered exclusively on Peacock in February, was the most watched film across all of str
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- 2/23/24 - Miss
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- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- 4/19/24 - Form DEFA14A
- WBD's page on the SEC website