{"id":30369,"date":"2023-04-27T22:07:49","date_gmt":"2023-04-27T22:07:49","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/"},"modified":"2023-04-27T22:07:50","modified_gmt":"2023-04-27T22:07:50","slug":"nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/","title":{"rendered":"NBCUniversal reports higher Peacock losses as it shows CEO the door"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/27\/nbc-universal-peacock-ceo-q1-2023\/<\/a><\/br>
\nNBCUniversal reports higher Peacock losses as it shows CEO the door<\/br>
\n2023-04-27 22:07:49<\/br><\/p>\n

\n

Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported<\/a> Thursday, just days after the company announced<\/a> that Jeff Shell\u2019s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from $456 million in the same year-ago period.<\/p>\n

In the fourth quarter of 2022<\/a>, Peacock reported an adjusted EBITDA loss of $978 million. The company previously warned shareholders that it expects losses to peak at around $3 billion this year.<\/p>\n

However, Peacock also experienced subscriber growth, adding two million paying subscribers to bring the total to 22 million, up from 20 million in the previous quarter \u2014 a significant increase compared to the prior year when it had 13 million<\/a> paying subs.<\/p>\n

Peacock saw revenue jump 45% to $685 million.<\/p>\n

Comcast announced Monday that Shell is leaving the company, effective immediately, following an investigation into a complaint of an inappropriate relationship within the company. In the interim, Comcast President Mike Cavanagh will take on Shell\u2019s duties.<\/p>\n

\u201cToday is my last day as CEO of NBCUniversal. I had an inappropriate relationship with a woman in the company, which I deeply regret. I\u2019m truly sorry I let my Comcast and NBCUniversal colleagues down, they are the most talented people in the business and the opportunity to work with them the last 19 years has been a privilege,\u201d Shell said in a statement.<\/p>\n

CEO of Comcast Brian L. Roberts addressed the departure during Thursday\u2019s earnings call.<\/p>\n

\u201cLet me just acknowledge the news that you all saw earlier this week. Obviously, a tough moment. But we are so fortunate to have a fabulous and tenured leadership team at NBCUniversal,\u201d Roberts said. \u201cWe\u2019re also lucky to have Mike Cavanagh step in at the helm at NBCUniversal while also remaining president.\u201d<\/p>\n

The subscriber gain is a small win for the streamer as its larger rival Disney+<\/a> dipped in subscribers for the first time, losing 2.4 million global subscribers to bring the total to 161.8 million.<\/p>\n

Netflix<\/a> missed analysts\u2019 expectations in its first-quarter earnings, only reporting an addition of 1.75 million subscribers<\/a> versus the estimated 2.3 million.<\/p>\n

\u201cWe delivered strong first quarter results as our team executed exceptionally well,\u201d Roberts wrote in today\u2019s letter to shareholders. \u201cWe grew Adjusted EBITDA and Adjusted EPS and generated a significant amount of free cash flow. We accomplished all of this while continuing to invest in future growth initiatives. Also, importantly, we had solid revenue growth in our high-margin connectivity businesses while increasing our Peacock subscribers more than 60% year-over-year.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/04\/27\/nbc-universal-peacock-ceo-q1-2023\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/27\/nbc-universal-peacock-ceo-q1-2023\/ NBCUniversal reports higher Peacock losses as it shows CEO the door 2023-04-27 22:07:49 Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell\u2019s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from […]<\/p>\n","protected":false},"author":1,"featured_media":30370,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-30369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nNBCUniversal reports higher Peacock losses as it shows CEO the door - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBCUniversal reports higher Peacock losses as it shows CEO the door - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/04\/27\/nbc-universal-peacock-ceo-q1-2023\/ NBCUniversal reports higher Peacock losses as it shows CEO the door 2023-04-27 22:07:49 Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell\u2019s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T22:07:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T22:07:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"601\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/\",\"url\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/\",\"name\":\"NBCUniversal reports higher Peacock losses as it shows CEO the door - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1\",\"datePublished\":\"2023-04-27T22:07:49+00:00\",\"dateModified\":\"2023-04-27T22:07:50+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1\",\"width\":601,\"height\":399},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBCUniversal reports higher Peacock losses as it shows CEO the door\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NBCUniversal reports higher Peacock losses as it shows CEO the door - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/","og_locale":"en_US","og_type":"article","og_title":"NBCUniversal reports higher Peacock losses as it shows CEO the door - Science and Nerds","og_description":"Source:https:\/\/techcrunch.com\/2023\/04\/27\/nbc-universal-peacock-ceo-q1-2023\/ NBCUniversal reports higher Peacock losses as it shows CEO the door 2023-04-27 22:07:49 Peacock losses continue to widen this quarter, NBCUniversal parent company Comcast reported Thursday, just days after the company announced that Jeff Shell\u2019s time as NBCU CEO was up. Peacock had $704 million in losses in Q1 2023, a significant jump from […]","og_url":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/","og_site_name":"Science and Nerds","article_published_time":"2023-04-27T22:07:49+00:00","article_modified_time":"2023-04-27T22:07:50+00:00","og_image":[{"width":601,"height":399,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/","url":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/","name":"NBCUniversal reports higher Peacock losses as it shows CEO the door - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1","datePublished":"2023-04-27T22:07:49+00:00","dateModified":"2023-04-27T22:07:50+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1","width":601,"height":399},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2023\/04\/27\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"NBCUniversal reports higher Peacock losses as it shows CEO the door"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/04\/nbcuniversal-reports-higher-peacock-losses-as-it-shows-ceo-the-door_644af2362afad.jpeg?fit=601%2C399&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/30369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=30369"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/30369\/revisions"}],"predecessor-version":[{"id":30371,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/30369\/revisions\/30371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/30370"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=30369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=30369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=30369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}