Sports-First Strategy Drives Growth Amid Widening Losses; Epic Universe Pushes Theme Parks to Record EBITDA
Comcast's streaming service Peacock reported a fourth-quarter loss of $552 million, widening from $372 million in the year-ago period, as the company continues to invest heavily in sports content. Despite the deeper losses, the strategy is paying off in subscriber growth: Peacock ended 2025 with 44 million paid subscribers, up 22% year-over-year and adding 5 million in Q4 alone.
Meanwhile, Universal's Epic Universe theme park delivered a blockbuster quarter, helping push the parks division to its first-ever $1 billion EBITDA quarter.