Peacock Added 3 Million New Subscribers But Lost $825 Million In The 4th Quarter 2023





Today, Comcast announced its 4th quarter 2023 earnings report that showed it once again losing over 490,000 TV customers. Comcast did report that Peacock added 3 million new subscribers, down from the 4 million added in the 3rd quarter, but lost $ 825 million. In total, Peacock now has 31 million subscribers.

“We capped off 2023 and the fourth quarter with excellent operational and financial performance,” said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation. “For the third consecutive year, we generated the highest Revenue, Adjusted EBITDA and Adjusted EPS in our company’s history. At the same time, we invested in future growth, returned $16 billion to shareholders and maintained a healthy balance sheet. We drove strong revenue and Adjusted EBITDA growth in our Connectivity & Platforms businesses and continued to expand and upgrade our network to fuel broadband. We also reported the highest Adjusted EBITDA on record at Theme Parks; were the #1 studio in worldwide box office for the first time since 2015; and maintained Peacock’s position as the fastest growing streamer in the U.S. 2024 is already off to a great start – I couldn’t be more proud of how our company came together to deliver a record-breaking NFL Wild Card game on Peacock and the nation’s biggest night on the Internet ever. Our unique and complementary capabilities will enable us to capitalize on the many opportunities ahead, and the Board’s confidence in our future is reflected in today’s announcement that we are increasing our dividend for the 16th consecutive year.”

Peacock did see its losses drop from $978 million in the 4th quarter of 2022 to $825 million to end 2023.

These numbers include Peacock’s new Big Ten sports package deal now includes exclusive rights to a select number of Big Ten football and basketball games. This is helping to attract additional subscribers who want to see their team play. Peacock also aired an exclusive NFL in December and again in January.

You can see our full breakdown of Comcast’s earnings HERE.

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