NBCUniversal's streaming service Peacock achieved its first profitable quarter, reporting a $189 million profit for the three months ending in June. The service also added 2 million paid subscribers, reaching a total of 48 million. The results were part of parent company Comcast's quarterly earnings report released on Thursday.
Peacock's performance, along with gains in wireless and studio operations, contributed positively to Comcast's overall earnings. This marks the first time Peacock has been in the black since its launch. However, Comcast noted some weakness in its theme parks business.
The earnings report comes as Comcast prepares for a significant corporate restructuring. The company had previously announced plans to split off its NBCUniversal assets, including Peacock.
Peacock's growth and profitability are seen as a key milestone for the streaming service, which competes with larger rivals like Netflix and Disney+. The addition of 2 million subscribers in the quarter indicates continued momentum for the platform.