PHILADELPHIA—Comcast beat earnings estimates in its Q1 2024 financial report, as streaming losses continued to decline and Peacock’s paid subscribers spiked by 55% from a year earlier to 34 million in the quarter.
Streaming losses also slightly declined. Its streaming service Peacock had $1.1 billion in revenue and an adjusted earnings before interest taxes depreciation and amortization [EBITDA] loss of $639 million compared to $685 million of revenue and an adjusted EBITDA loss of $704 million in the prior year period.
