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.

스포츠 콘텐츠 전략의 명암과 컴캐스트의 미래 성장 동력
컴캐스트, 피콕의 단기 손실 확대를 감수하며 스포츠 중심 스트리밍과 에픽 유니버스 테마파크, 버선트 분사로 성장 사업에 선택과 집중을 강화. 이는 K-콘텐츠에도 라이브 스포츠·IP 경험·FAST·글로벌 딜 측면에서 새로운 기회 시사
K-EnterTech HubJung Han
Korean Version

Peacock Q4 2025: The Numbers

Comcast reported its fourth-quarter 2025 results on Thursday, revealing a mixed picture for its Peacock streaming service. The platform posted an operating loss of $552 million, compared to $372 million in Q4 2024—a 48% increase in losses. The company attributed the widening gap primarily to the launch of NBA coverage and an exclusive NFL game.