Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost

Comcast’s Peacock streaming service turned profitable for the first time, posting a $189 million pre-tax profit in Q2 as the FIFA World Cup coverage and ‘Love Island USA’ boosted subscriber growth. Peacock added 2 million paid subscribers in the April-June quarter, taking its total to 48 million, and sales rose 54% to $1.90 billion, both well ahead of expectations. The strong streaming performance supports Comcast’s broader media strategy and its planned NBCUniversal/Sky spinoff, though weakness in broadband and theme parks remains a concern. Broadband customers fell by 167,000, slightly worse than estimates, and theme park profit declined as softer demand and weaker consumer sentiment pressured results. Overall company revenue and EPS beat estimates, but shares were down 1.7%, suggesting investors remain focused on the slower-growth connectivity business and macro headwinds despite the Peacock milestone.