{"id":7069,"date":"2023-07-28T19:59:08","date_gmt":"2023-07-28T19:59:08","guid":{"rendered":"https:\/\/mysourcefunding.com\/marketing\/nbcuniversal-revenues-climb-from-box-office-wins-as-peacock-losses-flatten\/"},"modified":"2023-07-28T19:59:09","modified_gmt":"2023-07-28T19:59:09","slug":"nbcuniversal-revenues-climb-from-box-office-wins-as-peacock-losses-flatten","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=7069","title":{"rendered":"NBCUniversal revenues climb from box office wins as Peacock losses flatten"},"content":{"rendered":"

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Thank Mario for Comcast\u2019s better-than-expected earnings.<\/p>\n

The company, which owns NBCUniversal and Universal Pictures, cleared Wall Street forecasts in its most recent quarterly earnings report Thursday, due in part to huge box office wins for The Super Mario Bros. Movie <\/em>and, to a lesser extent, Fast X.<\/em><\/p>\n

Let\u2019s-a-go: <\/strong>Theatrical revenues rose 66% YoY to $913 million, and the company\u2019s content and experiences division, which includes NBC and Peacock, reported revenue of $10.9 billion, a 4% uptick from last year. The company\u2019s theme parks business also recorded revenue growth.<\/p>\n

Comcast\u2019s connectivity business revenue grew 7% to more than $10 billion, though video advertising and other revenue in that segment fell 7% to $9.8 billion. Overall, Comcast reported $30.5 billion in revenue, up 1.7% YoY, and nearly $4.25 billion in net profit, up 25% YoY.<\/p>\n

Bird brain: <\/strong>Peacock added 2 million subscribers in the quarter, bringing its subscriber count total to 24 million. Revenues from Peacock ballooned 85% to $820 million, but costs from Peacock in the quarter were $651 million. Execs previously said Peacock would see peak losses this year.<\/p>\n