{"id":170143,"date":"2023-01-26T12:36:40","date_gmt":"2023-01-26T12:36:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170143"},"modified":"2023-01-26T12:36:40","modified_gmt":"2023-01-26T12:36:40","slug":"peacock-clears-20m-subscribers-helping-comcast-nip-wall-street-q4-estimates","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/peacock-clears-20m-subscribers-helping-comcast-nip-wall-street-q4-estimates\/","title":{"rendered":"Peacock Clears 20M Subscribers, Helping Comcast Nip Wall Street Q4 Estimates"},"content":{"rendered":"<p>Streaming service Peacock closed 2022 with more than 20 million paid subscribers, helping Comcast slip past Wall Street estimates during a challenging fourth quarter in the media sector.<\/p>\n<p>Total revenue came in at $30.55 billion in the period, less than 1% ahead of the prior-year quarter but just above analysts&#8217; consensus. Earnings per share of 70 cents fell short of estimates, but exceeded them on a non-GAAP basis.<\/p>\n<p>Along with Peacock, a strong return for theme parks helped NBCUniversal post solid numbers. Revenue climbed 6% to $9.9 billion. Advertising revenue increased 4%, which the company credited to Spanish-language coverage of the World Cup by Telemundo and rising Peacock advertising revenue.<\/p>\n<h4>Related Story<\/h4>\n<h3>&#039;Poker Face&#039; Review: No Lie! Natasha Lyonne &amp; Rian Johnson&#039;s Peacock Road Trip Procedural Is All Green Lights &amp; Parking Spaces<\/h3>\n<\/p>\n<p>Theatrical revenue at the film studio soared 47% over the prior year, with <em>Ticket to Paradise<\/em>, <em>Puss<br \/>in Boots: The Last Wish<\/em>, <em>Violent Night<\/em> and <em>Halloween Ends<\/em> closing the year on a high note. First-window streaming rights to Universal theatrical titles on Peacock started in 2022 and helped pace growth of the streaming service. <\/p>\n<p>Theme park revenue gained 12% to $2.1 billion, which the company said was due simply to &#8220;increased attendance and guest spending,&#8221; relative to the Omicron-hit period in 2021. <\/p>\n<p>Peacock&#8217;s growth had been teased, though at 18 million subscribers as of mid-December, by NBCU boss Jeff Shell during an appearance at a Wall Street media conference. Live Spanish-language coverage of the World Cup by Telemundo, which was carried by Peacock, helped the streamer gain momentum into the end of the year. In that session, Shell also highlighted a key item on Comcast&#8217;s agenda for 2023: getting clarity on the state of its Hulu stake. In an arrangement with Disney, Comcast can be bought out for its 30% of the streamer starting about a year from now. &#8220;There&rsquo;s no indication that anything else is going to happen than Disney writing us us a big check,&rdquo; Shell said.<\/p>\n<p>Video subscriber losses continued at Comcast Cable, which shed 2 million video customers in 2022. In the quarter, 440,000 video subscribers disconnected. Excluding the impact from Hurricane Ian, total broadband net additions were 4,000, the company said.<\/p>\n<h2>Must Read Stories<\/h2>\n<h3>Krista Vernoff Departing As \u2018Grey\u2019s Anatomy&#8217; &#038; \u2018Station 19\u2019 Showrunner<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2023\/01\/Krista-Vernoff.jpg\"><\/p>\n<h3>Regal Parent Cineworld Says It Has Contacted 30 Potential Buyers As It Pursues Sale<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/09\/GettyImages-1289097659.jpg\"><\/p>\n<h3>&#8216;A Little Prayer&#8217; To Sony Classics; &#8216;Flora And Son&#8217;, &#8216;Passages&#8217; Deals; Reviews &#038; More<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2023\/01\/a-little-prayer.jpeg\"><\/p>\n<h3>HBO Max&#8217;s DC Dramas &#8216;Doom Patrol&#8217; &#038; &#8216;Titans&#8217; Will End With Their Fourth Seasons<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2023\/01\/titans-doom-patrol.jpg\"><\/p>\n<h2>Read More About:<\/h2>\n<p>Source: <a href=\"https:\/\/deadline.com\/2023\/01\/peacock-clears-20-million-subscribers-helping-comcast-nip-wall-street-q4-estimates-1235241415\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Streaming service Peacock closed 2022 with more<\/p>\n","protected":false},"author":3,"featured_media":170142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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