Every streamer is having a tough time it seems...
Peacock, the streaming service owned by Universal Pictures' parent company Comcast, has posted another huge set of losses as it announces its latest subscriber figures. , the streaming service ended the second quarter of 2022 with a subscriber base of 13 million and losses of around $467 million, over $100 million up from the equivalent period in 2022.
In a statement issued about the flatline results, Comcast chairman-CEO Brian Roberts blamed the slowdown on a strong set of options in the first part of 2022, with both Super Bowl LVI and the Beijing Winter Olympics available to stream on the service. "Looking ahead, our company is in an enviable strategic and financial position, with substantial cash flow generation and a strong foundation for innovation."Peacock keeps losing money, in fact, it lost a lot more in 2021, a cool $1.7 billion. That was on top of a loss of $663 million in 2020. But, as its part of a media and theme part giant in Comcast, the streaming service's losses tend to be absorbed into that structure.
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