Fri, January 31, 2025
[ Fri, Jan 31st ]: pinkvilla
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[ Fri, Jan 31st ]: pinkvilla
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Thu, January 30, 2025
[ Thu, Jan 30th ]: BBC
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Taking It to the Streets

Peacock Narrows Q4 Loss to $372 Million, 'Wicked' Boosts Comcast's Studios Profit by 85%

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Comcast beat Wall Street expectations for its fourth quarter of 2024 as Peacock continued to narrow its losses and "Wicked" helped the studios business defy gravity with an 85% increase in profit to $569 million.
Peacock, the streaming service owned by Comcast, reported a reduced loss of $372 million in the fourth quarter, an improvement from the $978 million loss in the same period the previous year. This financial update was part of Comcast's broader earnings report, which highlighted a significant boost in its studios segment, largely due to the success of the film "Wicked." The movie, which is still in production, has already contributed to an 85% increase in profit for Comcast's studios, showcasing the potential of high-profile content to drive financial performance. Despite Peacock's ongoing losses, the narrowing gap indicates a positive trend as the service continues to grow its subscriber base and refine its content strategy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/peacock-narrows-q4-loss-to-372-million-wicked-boosts-comcast-s-studios-profit-by-85/ar-AA1y7loM ]