Peacock posts first quarterly profit of $189 million

Comcast's Peacock streaming service reported its first profitable quarter on Thursday, July 23, 2026, a significant milestone for the six-year-old platform. The service posted a quarterly profit of $189 million and added 2 million paid subscribers, reaching a total of 48 million. The results were driven by major live sports events, including the FIFA World Cup and the NBA playoffs, as well as the reality series Love Island USA.

The profitability announcement came as parent company Comcast released its overall second-quarter earnings. Total revenue for the quarter was $29.9 billion, a slight decline of 1.2 percent from the same period last year. The company noted that net income fell compared to the prior-year quarter, which had been inflated by a one-time $9.4 billion gain from the sale of Comcast's stake in Hulu to Disney. Adjusted earnings per share were $1.04, beating Wall Street expectations.

The company's content and experiences division, which includes NBCUniversal, Sky, and theme parks, saw revenue grow 22.9 percent to $10.7 billion. A major contributor was the FIFA World Cup, for which the company's Telemundo network held Spanish-language rights. The tournament generated...