If Comcast is serious about its streaming ambitions, it must weigh its two most likely expansion plans: Buying out Disney’s ownership stake in Hulu or an M&A with a competitor.
In its first-quarter earnings, Comcast showed impressive growth in Peacock subscribers to 22 million. But while revenue was up 45%, Peacock’s losses were mounting ($704 million vs. $456 million a year ago), the NBCUniversal parent reported Thursday.
Questions remain about Comcast’s endgame with both Peacock and NBCUniversal as a whole. Can a major SVOD succeed with demand mostly driven by library titles like Peacock? How much more money is Comcast CEO Brian Roberts willing to part with before Peacock turns a profit? The streamer is set to lose $3 billion in 2023, after a $2.5