Comcast’s Peacock streaming service narrowed its loss to $215 million in Q1 2025, from $639 million YoY, and overall revenue rose 16 per cent to $1.2 billion. It ended March with 41 million paying subscribers after taking in new Charter Communications subscribers, compared with 36 million for the year-end 2024 quarter.

Comcast president, Mike Cavanagh, told analysts “I do expect Peacock to be on a continuing trend of driving towards improved monetisation, bigger scale and therefore declining losses over time.”

Comcast group reported first quarter overall revenues at $29.8 billion, compared to a year-earlier $30.05 billion. Adjusted EBITDA for the media division rose to $9.5 billion. Comcast beat on a consensus estimate for revenues at $29.68 billion for the first quarter. Net income attributable to Comcast came to $3.37 billion, down 12.5 per cent from a year-earlier $3.85 billion, and the adjusted earnings per-share rose 4.5 per cent to $1.09.

Cavanagh warned analysts about recessionary winds in the murky US economic outlook, adding “but we are well positioned to handle whatever lies ahead.”

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Tags: Comcast, Peacock