Streaming service Peacock closed 2022 with more than 20 million paid subscribers, helping Comcast slip past Wall Street estimates during a challenging fourth quarter in the media sector.
Total revenue came in at $30.55 billion in the period, less than 1% ahead of the prior-year quarter but just above analysts’ consensus.
Earnings per share of 70 cents fell short of estimates, but exceeded them on a non-GAAP basis. Peacock’s growth had been teased, though at 18 million subscribers as of mid-December, by NBCU boss Jeff Shell during an appearance at a Wall Street media conference.
Live Spanish-language coverage of the World Cup by Telemundo, which was carried by Peacock, helped the streamer gain momentum into the end of the year.
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