Peacock Reaches 30 Million Subscribers, Expects Peak Loss of $2.8 Billion

Comcast focuses on domestic growth and monetizing content outside the U.S., while receiving $8.5 billion from Disney for Hulu stake.

Peacock, the Comcast-owned streaming service, has reached 30 million paid subscribers, with an average revenue per user of $10 per month.
Despite a loss of $2.8 billion this year, Comcast CEO Mike Cavanagh expects this to be the peak loss for Peacock.
Comcast's primary focus is on domestic growth, with plans to monetize content not included in Peacock outside of the United States.
Comcast received an initial payment of $8.5 billion from Disney for its minority stake in Hulu, with the final amount to be determined in 2024.
Comcast president Mike Cavanagh emphasized the company's strong relationships in Hollywood and commitment to originality and creativity.