NBCUniversal’s Peacock Streaming Service Ended 2022 With 20 Million Paid Subs, $2.5 Billion Loss

NBCUniversal’s Peacock subscription streaming/ad-supported video platform ended 2022 with more than 20 million paid subscribers, doubling the service’s subs since the end of 2021. The service ended the previous third quarter with 15 million paid subs. Revenue topped $2.1 billion, up 170% from revenue of $778 million in 2021. Peacock is available free to Comcast Xfinity subscribers and related service members.

On the flipside, Peacock’s pre-tax Q4 operating loss ballooned nearly 75% to $978 million, compared with a loss of 559 million in the previous-year period. Revenue increased 97% to $660 million, from $335 million in the previous-year period. For the fiscal year, Peacock’s operating loss increased 47% to $2.5 billion, from a loss of $1.7 billion in 2021.

Speaking on the Jan. 26 fiscal call, Mike Cavanagh, president of Comcast Corporation, said he expects Peacock’s fiscal loss to plateau around $3 billion this year before declining.

“As we’ve said previously, we believe 2023 will be peak losses for Peacock and from there steadily improve,” he said.

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