NBC Common’s Peacock streaming service hit 33 million signups within the fourth quarter, mum or dad firm Comcast reported Thursday, an addition of 11 million signups from the third quarter. Whereas the corporate’s general revenues beat Wall Avenue’s expectations, Comcast continued to see the affect of the coronavirus pandemic on its filmed leisure and theme park divisions.
It’s nonetheless early to inform whether or not having The Office on Peacock will ship a surge of latest subscribers, because it solely grew to become unique as of January 1st. Peacock launched in July and is already on par with different, newer streamers like HBO Max, which had almost 40 million subscribers as of the latest quarter and launched across the identical time as Peacock. Disney Plus, which is a couple of 12 months previous, has 86 million subscribers. Since Peacock has a free tier, nevertheless, there’s no solution to inform how most of the 33 million signups are paying subscribers or shall be transformed to paid subscribers.
Comcast posted revenue of $27.71 billion for the quarter, a 2.4 % decline 12 months over 12 months, and web earnings of $3.3 billion, a 7 % enhance from the year-ago quarter. Its cable networks had income of $2.7 billion, down about 6.4 %.
The corporate added 538,000 broadband subscribers within the fourth quarter, up from 442,000 a 12 months in the past, and cable revenues rose 6 %, to $15.7 billion. It misplaced 248,000 video subscribers within the quarter.
Income for its filmed leisure division decreased by about 8 % to $1.4 billion. Comcast stated income for its theme parks division fell 63 % from the year-ago quarter to $579 million. Its Orlando and Osaka, Japan theme parks, nevertheless, reached breakeven for the quarter, in line with the corporate.
(Disclosure: Comcast and NBCUniversal are traders in Vox Media, mum or dad firm of The Verge.)
“With the vaccines rolling out all through the world, we’re optimistic that the elements of our enterprise that had been most impacted will quickly be again on a path in the direction of development,” Comcast chairman and CEO Brian Roberts stated in a press release.