Peacock Revenue and Subscribers Rise in Comcast Q2 Earnings

Peacock subscribers and revenue were up year over year for Comcast, the company said Tuesday as it announced Q2 financial results. It said Peacock revenue rose $280 million, to $1 billion, with a year-over-year jump of more than 12 million paid subscribers getting much of the credit. Peacock has 33 million paid subscribers. President Mike Cavanagh said he expected Peacock growth this year to offset declines in the company's linear business, confirming it could break even by this time next year. Cavanagh said Comcast is expecting an 11-year rights deal with the NBA, beginning with the 2025-2026 season. He said the agreement includes regular season and some playoff games both on NBC and Peacock and an array of regular-season and post-season games exclusively on Peacock.