NBCUniversal reports higher Peacock losses as it shows CEO the door

NBCUniversal reports higher Peacock losses as it shows CEO the door

a year ago
Anonymous $5YzO3NGzaX

https://techcrunch.com/2023/04/27/nbc-universal-peacock-ceo-q1-2023/

Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell’s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from $456 million in the same year-ago period.

In the fourth quarter of 2022, Peacock reported an adjusted EBITDA loss of $978 million. The company previously warned shareholders that it expects losses to peak at around $3 billion this year.