Peacock is closing out 2023 with some good news: The Comcast-owned streaming service has reached 30 million paid subscribers.
Additionally, according to Comcast CEO Mike Cavanagh, the platform saw $2.8 billion in losses this year (under the $3 billion projected by the company back in January), and Cavanagh expects that figure to be the peak losses for Peacock as we head into 2024.
Cavanagh boasted about Peacock’s growth over its first three years during the UBS Global Media and Communications conference Monday, saying: “To be at 30 million paying subscribers for Peacock now, switching gears to that, at roughly $10 monthly ARPU, and having done that in only three years.”
Most recently, Comcast reported that Peacock had topped 28 million paid subscribers as of the end of Q3, which was revealed during their quarterly financial report in late October.
More to come…
