According to a report from Deadline, NBC’s Peacock streaming service added four million subscribers in Q1. With the additional four million subscribers, the platform has now reached 13 million paid subscribers and 28 million monthly active accounts. The service brought in $472 million in revenue for the quarter.
During a recent shareholders meeting, NBCU chief Jeff Shell touted the service’s live content as a big driver. He referenced WWE and Premier League as two of the companies that deliver live content on a monthly basis.
While the numbers may seem like a good thing, the company still continues to operate under losses. While the Peacock streaming service brought in $472 million in revenue for the quarter, the platform’s EBITDA losses totaled $456 million.
Following the shareholders meeting, Comcast’s stock was down $2.75 (6.19%) for the day.