NBCUniversal revenue surged 23% year-over-year as Peacock achieved profitability for the first time in Q2.
Comcast reported a 23% year-over-year increase in revenue for its content and experiences division, driven by NBCUniversal’s TV and film units. The growth was bolstered by Peacock, which turned profitable for the first time, supported by live sports and new subscribers.
The company’s broadband business continued to face challenges, with customer losses and declining revenue in its connectivity segment. Lower pricing plans and promotions weighed on results, contrasting with the media division’s strong performance.
Comcast reiterated plans to split its media and broadband businesses into separate publicly traded companies, calling it a strategic move to enhance growth flexibility.