Nolte: Peacock Streaming Service Lost $639 Million in Q1

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Nolte: Peacock Streaming Service Lost $639 Million in Q1
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Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

Comcast/NBC/Universal’s streaming service, Peacock, lost a whopping $639 million in the first three months of 2024.

So, yeah, Peacock is on pace to lose $2.556 billion — with a “B” — in 2024, but let’s go with “narrows.”During the quarter, Peacock added 3 million subscribers. Its narrowed loss of $639 million in the first quarter, followed by peak losses of $2.7 billion in 2023. Executives have previously said they expect Peacock to have a “meaningful improvement” in losses in 2024. The service’s average revenue per user is around $10.

Wait, isn’t $2.556 billion basically a rounding error behind $2.7 billion? Or is Peacock run by a black illegal immigrant transsexual and enjoying the benefits of some of that DEI math?Video revenue fell 6.9% year over year to $6.87 billion as the cable giant continued to bleed subscribers from cord-cutting. … The division lost 487,000 video customers for a total of 13.6 million and 65,000 domestic broadband customers for a total of 32.

And it’s not just Peacock bleeding billions. Other than Netflix, all the streaming services are losing billions as the Golden Affirmative-Action Goose that was pay TV dries up and dies.

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