Comcast’s Peacock At Nearly 22 Million Sign-Ups; Q3 Sales, Profit Dip; Theme Park, Theatrical Revenues Plunge

Consumer demand for high-speed internet surged last quarter at NBCUniversal parent Comcast even as theme park revenue plunged 80% in a mixed earnings report that reflected the ongoing pandemic. Theatrical revenue, for instance, plunged 95%, home entertainment sales surged nearly 50%. Peacock sign-ups hit 22 million, exceeding every internal engagement metric for the new streaming service — even without the Olympics or The Office — the company said Thursday. At last check — a media conference in mid-September — it had 15 million sign-ups, which was up 50% from the 10 million Comcast reported with its second quarter numbers in July. It added a whopping 633,333 high-speed Internet customers for the three months ended in September. Related Story NBCU Parent Comcast To Take $700M In Severance, Restructuring Charges This Year As More Layoffs Loom The stock was up 2% in early trading. Total revenue was $25.5 billion, down 4.8% but ahead of expectations. Adjusted earnings per share came in at $0.65 a share. Net income was $2 billion, or $$ 0.44. Revenue at NBCUniversal fell about 19% to $6.7 billion in quarter. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) dropped by 39% to $1.3 billion. Filmed entertainment revenue… Read full this story

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