Peacock Posts First-Ever Quarterly Profit

Comcast’s Peacock streaming service posted its first-ever quarterly profit, driving stronger-than-expected overall results for the media giant.

Peacock revenue jumped 54% year-over-year to $1.9 billion in the most recent quarter, while the service generated $189 million in adjusted EBITDA — turning profitable for the first time. The performance helped lift Comcast’s film revenue 25% year-over-year to $3.04 billion and contributed to the company beating Wall Street analysts’ estimates on key financial metrics.

The streaming milestone marks a significant turning point for Peacock, which has aggressively expanded its content library and subscriber base since launch. Executives highlighted the combination of higher subscription revenue, advertising growth, and cost discipline as the main drivers behind the $189 million EBITDA swing from losses in the prior-year period.

It also added 2 million paid subscribers for a total of 48 million, driven by the NBA playoffs, FIFA World Cup and Love Island USA. Revenue for the service grew to $1.9 billion, compared to $1.2 billion in the year-ago period.

Comcast’s broader film segment also posted robust gains, fueled by strong box-office performances and content licensing deals. The 25% revenue increase to $3.04 billion underscores continued demand for theatrical and ancillary film content even amid industry-wide shifts toward streaming.

As for the theme parks business, revenue increased 2.7% to $2.4 billion, driven by growth at its Orlando theme parks and the successful opening of Epic Universe, though the segment’s profits fell 5.1% to $609 million due to higher operating expenses.

Analysts had anticipated solid but more modest growth; the actual results exceeded forecasts across major line items, providing positive momentum for Comcast as it navigates a competitive media landscape. The company has increasingly emphasized Peacock’s path to sustained profitability as a core part of its long-term strategy.