Comcast, the mother or father firm of NBCUniversal, which owns the Peacock streaming service, has reported its Q1 2022 earnings. In at the moment’s earnings report, Peacock’s paid subscriber depend is up 4 million subscribers, up 40% because the finish of 2021. Of the 28 million present subscribers, 13 million are paying subscribers, up 9 million from final quarter.
In its convention name, Comcast CEO and Chair Brian Roberts said the streaming platform has seen a 25% improve in engagement yr over yr. Nonetheless, the corporate doesn’t count on this form of development to proceed.
We count on extra modest subscriber good points till we get to the again half of this yr. Our fourth quarter needs to be unbelievable, with sporting occasions corresponding to Sunday Night time Soccer, Premier League, and the World Cup.
This yr, the streaming platform is bringing about some modifications to its service. On Sundays in Could, Peacock will stream 18 Main League Baseball video games. Apple TV+ has additionally added MLB video games to its lineup, noting sports activities as content material viewers wish to see on their streaming providers. Moreover, NBC reveals will grow to be unique to the platform this fall, leaving Hulu.
The information of this development additionally comes after Netflix misplaced 200,000 subscribers this quarter. The corporate cited competitors amongst different streaming platforms as one of many causes for slowed development. With opponents including reside sports activities to their lineups, ought to Netflix do the identical to revive itself?
Comcast was additionally within the information yesterday relating to its three way partnership with Constitution. The 2 cable giants are banding collectively to create a brand new streaming platform on 4K gadgets and good TVs.
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