Comcast reports 33 percent revenue surge for Peacock streaming service

Comcast reported third-quarter results showing that revenue from its Peacock streaming service jumped 33 percent year over year to $1.82 billion. The streaming platform generated a pre-tax profit of $261 million, a sharp turnaround from the $217 million loss recorded in the year-earlier period.
Paid subscribers for Peacock held steady at 48 million compared to the second quarter, though the total count rose 17 percent over the previous year. Revenue from Peacock fell sequentially from $1.90 billion in the second quarter.
U.S. advertising sales increased by 14.6 percent, driven by the World Cup. Operations involving TV, film, and theme parks saw revenue climb 6.5 percent to $10.54 billion.
Theme park revenue experienced a 4.4 percent decline during the quarter. Comcast plans to spin off its TV, film, and theme park operations into a standalone NBCUniversal entity.




















































































