Entertainment

NBCU’s Peacock hits 24.5 million monthly active accounts in the US, loses $559 million – The Hollywood Reporter

Peacock, the streaming service of Comcast’s NBCUniversal entertainment unit, hit 24.5 million monthly active accounts in the US through the end of 2021, Comcast revealed in its fourth-quarter earnings report on Thursday.

The media, entertainment and technology conglomerate has previously focused on subscriptions, but on Thursday revealed its active users metric.

Over the summer, it reported that Peacock ended the second quarter with 54 million US subscriptions, but did not provide a third-quarter update. In an earlier financial report at the end of April, it mentioned 42 million subscriptions, at which point streamers had “benefited from the addition of exclusive domestic streaming rights to WWE.” Network and Office. ”

Management last year also praised the “robust” use of Peacock, saying it was more than double internal projections. For example, a few months ago, Comcast president and CEO Brian Roberts said that Peacock users are consuming “nearly 20% more programming hours per month than our traditional audience on NBC”. The streamer at the time passed a total of 1 billion hours of watch time, “nearly double our plan,” he said.

Starting in the first quarter of 2021, Peacock’s financial results, previously reported in the “corporate and other” segment, were included in NBCUniversal’s results.

The company disclosed that in the fourth quarter adjusted Peacock-related losses before interest, taxes, depreciation and amortization amounted to $559 million, compared with a loss of $254 million a year ago. Peacock-related revenue grew to $335 million from $71 million in Q4 2020.

NBCU’s fourth-quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.8% to $1.28 billion, compared with $1.38 billion in the same period in 2020 with improvements The large improvement in the amusement park unit was more than offset by a drop in divisions.

In its cable system unit, Comcast added a total of 212,000 broadband network subscribers in the fourth quarter, slowing from the previous year’s gain of 538,000 and net loss of 373,000 pay-TV customers. , compared with a loss of 248,000 the previous year. . End 2021 with 18.18 million pay TV and 31.90 million broadband users.

Comcast on Thursday also increased its dividend for the 14th year in a row, increasing its dividend by 8 cents per share to $1.08 per share year-over-year and increasing its share buyback program authorization to $10.0 billion.

“Comcast’s strong financial and operating performance in 2021 was underscored by our highest full-year revenue, adjusted EBITDA, adjusted earnings per share, and recorded free cash flow. accepted,” said Comcast President and CEO Brian Roberts. “We continue to do incredibly well, cementing our leadership in connectivity, aggregation, and streaming, while working to have a lasting impact on our community through our commitment to our commitment to diversity, equity and inclusion, and digital justice.”

Amid industry consolidation, he also emphasized: “Looking ahead, we remain focused on many exciting organic growth opportunities across all areas of our business. Our top priority is to increase the capacity of our network in the United States and further improve our world-class broadband experience. We’re producing more premium content that viewers love and continue to offer them more ways to access it, including on Peacock, while strengthening the Epic Universe build and welcoming more more visitors to our amusement parks. ”

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