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Comcast's Peacock reaches 34 million subscribers and narrows losses, but broader challenges in broadband and cable persist.

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Overview

  • Comcast's Q1 revenue rises to $30.06 billion, driven by Peacock's 54% revenue increase and theme park gains.
  • Peacock's subscriber base grows to 34 million, benefiting from NFL game exclusivity and 'Oppenheimer' release.
  • Despite growth, Peacock posts a $639 million loss, though narrower than previous quarters.
  • Broadband and cable sectors face declines, with Comcast losing 65,000 broadband customers.
  • Comcast's overall net profit edges up slightly, amidst ongoing challenges in traditional cable services.