Comcast’s media unit “swung to a loss” of $436M in Q1 compared to a profit of $107M a year ago, though revenue grew 60.8% to $7.3B -- boosted by Super Bowl LX, the Milan Cortina Games and the NBA All-Star Game, according to Lucas Manfredi of THE WRAP. Weighing the unit down were “higher programming costs” associated with the Super Bowl, Olympics and the return of the NBA. When excluding the Super Bowl and the Olympics, revenue was up 12.7% to $5.1B. The company’s total revenue increased 5.3% to $31.5B, though net profit tumbled 35.6% to $2.2B. The latest results mark Comcast’s Q1 excluding its portfolio of cable networks that were spun off into Versant in January (THE WRAP, 4/23).
PEACOCK BREAKDOWN: The HOLLYWOOD REPORTER’s Etan Vlessing reported Comcast/NBCUniversal-owned Peacock “posted a first-quarter loss” of $432M, compared with a loss of $215M in the same period last year and a Q4 loss of $552M. Peacock “ended March 2026 with 46 million paying subscribers after adding NBA games and with the help of the Winter Olympics.” That compares to 44 million subscribers in Q4 and a year-ago base of 41 million customers. Content and experiences revenue rose 40% to $11.9B after the Olympics and Super Bowl revenue contributions (HOLLYWOOD REPORTER, 4/23).
