Comcast reported it’s first quarter earnings for 2023 today, which provided more insight into it’s cable and streaming businesses.
Comcast remains the primary streaming partner for WWE, with Peacock being the owner of the WWE Network, as well as USA Network airing both Raw and NXT.
During the earnings, the finances from Peacock were discussed, with the streaming platform remaining a major source of loss for Comcast, losing approximately $704 million throughout the quarter.
However, Peacock’s revenue had increased over the quarter by 45 percent, up to $685 million.
Peacock also recently hit the milestone of 22 million subscribers, an increase of more than 60 percent from last year (being the quarter that included the Super Bowl and Winter Olympics for NBC Universal).
Comcast had previously projected a $3 billion loss for Peacock in 2023, with the company’s stock increasing over 5 percent following the report and beating expectations.
Following the company’s sale to Endeavor, Nick Khan has discussed the idea of potentially returning to the old pay-per-view format.
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