Peacock Q2 2026 earnings: first-ever quarterly profit

Comcast's Peacock posted its archetypal quarterly nett connected Thursday, arsenic the FIFA World Cup, the NBA playoffs, and world bid Love Island USA drove subscriber maturation and advertizing gross higher.

The streaming work reported adjusted EBITDA of $189 cardinal for the April-June quarter, a $290 cardinal betterment from the aforesaid play a twelvemonth earlier, the institution said. Peacock added 2 cardinal paid subscribers during the quarter, bringing its full to 48 million. Revenue roseate to $1.9 billion, up from $1.2 cardinal successful the prior-year period. The work had posted an adjusted EBITDA nonaccomplishment of $101 cardinal successful the 2nd 4th of 2025.

Analyst expectations called for astir 500,000 nett subscriber additions successful the quarter, according to Reuters. Total gross and adjusted net per stock of $1.04 besides bushed expert estimates, according to CNBC.

The FIFA World Cup, which began successful mid-June, contributed $440 cardinal successful incremental gross to Comcast's media conception and drove what the institution called grounds engagement crossed Telemundo and Peacock, including the apical 10 most-watched matches successful Spanish-language tv history. Higher home organisation gross astatine Peacock besides reflected higher mean rates and a larger paid subscriber basal compared to the anterior year.

Comcast co-CEOs Brian L. Roberts and Mike Cavanagh said successful a connection that Peacock "reached profitability for the archetypal time, supported by a wide slate of sports, amusement and large unrecorded events."

Comcast's movie workplace besides turned successful a robust performance, with hits similar The Super Mario Galaxy Movie and Obsession pushing gross 25% higher to $3 billion. The Super Mario Galaxy Movie has grossed implicit $1 cardinal astatine the worldwide container bureau year-to-date, the institution said.

The milestone for Peacock comes arsenic Comcast posted a $432 cardinal quarterly nonaccomplishment for the work successful the archetypal quarter, contempt crossing $2 cardinal successful gross for the archetypal time. At that point, CFO Jason Armstrong had signaled that the 2nd 4th should correspond a turning constituent for the streamer.

The nett besides arrives arsenic Comcast prepares to rotation disconnected NBCUniversal and Sky into a abstracted publically traded company. Co-CEO Brian L. Roberts told investors Thursday that his outlook connected the separation has lone improved since it was archetypal disclosed, saying helium feels "more affirmative and energized contiguous than I was connected the time we announced."

Comcast's halfway connectivity concern continued to look pressure. The institution mislaid 167,000 broadband residential customers and 280,000 cablegram TV subscribers during the quarter, though it added a grounds 448,000 wireless lines, bringing its full mobile subscriber number to 10.2 million.

Comcast banal was up 3% successful premarket trading.