Peacock misplaced $372 million over the ultimate three months of 2024, when it added…zero subscribers. The excellent news is it didn’t lose members both: Peacock’s 36 million subscribers on the finish of the yr stayed stagnant with the prior quarter’s outcomes. The platform’s This autumn income was $1.3 billion.
Shedding tons of of thousands and thousands of {dollars} is nothing new for Peacock. It misplaced $436 million within the prior quarter — and that one included the Paris Olympics. The streamer added 3 million subscribers in the summertime interval — they (kind of) caught round.
The greenback losses proceed to enhance quarter to quarter. Peacock misplaced $825 million over the ultimate quarter of 2023; administration has but to announce after they count on Peacock to show a revenue.
One factor administration definitely has introduced is a big restructuring of TV and digital belongings. Cable channels MSNBC, CNBC, USA Community, Oxygen, E!, Syfy, and Golf Channel — in addition to holdings like Fandango, Rotten Tomatoes, GolfNow, and Sports activities Engine — are being spun off into a brand new impartial firm, leaving NBC, Peacock, Bravo, the studios, theme parks, and Telemundo behind. Donna Langley will get these remaining goodies, Matt Strauss inherits the goners.
NBCUniversal is owned by Comcast, which reported third quarter earnings on Thursday morning. General, the corporate bested media analysts’ monetary expectations for This autumn.
Wall Avenue forecast Comcast would report earnings per share of 86 cents on income of $31.62 billion; Comcast reported adjusted EPS of 96 cents on $31.92 billion in income.
For Common, a lot of the field workplace for “The Wild Robotic” (September 27, 2024; $325 million worldwide) was realized within the fourth quarter. The biggie was “Depraved” (November 22, 2024), whereas Focus Options’ “Nosferatu” (Christmas Day 2024) snuck in underneath the wire. “Depraved” has made greater than $700 million worldwide; a sequel, now titled “Depraved: For Good,” will come out for Thanksgiving 2025.
Streaming-wise, Common’s movies are literally far more profitable on Netflix (learn: income for NBCU!) than they’re on Peacock. On Peacock, the same old “Grinch” films got here again round to the Nielsen charts at Christmastime, and the return of “Despicable Me 4” was a winner. “Twisters” and TV sequence “Yellowstone” made appearances on the Nielsen streaming charts as properly, although none of that stuff actually set the world on fireplace. “The Day of the Jackal” starring Eddie Redmayne on Peacock (within the U.S.) was obtained properly critically — although not right here at IndieWire! — however didn’t transfer the needle when it comes to viewers. As per typical for fall/winter, NBC and Peacock loved TV’s most-watched present, “Sunday Evening Soccer.”