Comcast, led by President and Chief Executive Officer Brian Roberts, reported results for the first quarter for his entertainment unit and other operations.
Peacock, the nbcuniversal streamer on a Comcast parent, reduced its loss to $ 215 million, compared to $ 639 million in the previous period, and overall turnover increased by $ 1.2 billion. Peacock finished March 2025 with 41 million paying subscribers after welcoming new subscribers to Charter Communications, against 36 million for the end of the year 2024 and the third previous quarter of 2024.
The president of Comcast, Mike Cavanagh, during a call for morning analyst, did not make predictions on the profitability of Peacock for the rest of 2025, but added: “I expect Peacock to be on a tendency continuous to lead to an improvement in monetization, a larger scale and therefore drops down over time.”
The media conglomerate declared overall income in the first quarter to $ 29.8 billion, compared to $ 30.05 billion. The Baiia adjusted for the media division reached $ 9.5 billion. Comcast defeated a consensus revenue estimate at $ 29.68 billion for the first quarter. The net profit attributable to Comcast amounted to $ 3.37 billion, down 12.5% against one year, $ 3.85 billion, and the profits adjusted per share increased by $ 4.5%.
Against this performance performance, Cavanagh warned analysts of the recession of recession threatening on the horizon in the midst of a troubled American economic perspective. “Although we saw no remarkable evidence of economic challenges for the year so far, the chances have increased that the challenges could approach, but we are well positioned to manage everything that awaits us,” he said after a quarter where Nbcuniversal saw the income from video advertising decrease in the 2025 TV 2025 TV season in the midst of the uncertainty of the market.
Content and experience income, or media and conglomerate entertainment companies, increased just under 1% to 10.45 billion dollars. Unit income from NBCUNIVERSAL studios increased by 3% to $ 2.82 billion, as higher content license income compensates for the drop in theatrical income. And the benefit of the unit before interest, taxes, depreciation and amortization (EBITDA) jumped in the first quarter to $ 298 million, against $ 244 million.
The studios division saw a solid reporter box office during the last quarter of Wicked And Nosferatuand a How to train your dragon And Jurassic world Multiplex launch in the coming months.
NBCUNIVERIVERIVERIVERSALE’s theme parks have dropped 5% to $ 1.87 billion, recent Los Angeles forest fires led to a drop in attendance. The division, which, according to Cavanagh, was on “an incredible trajectory of growth”, will see a universal attraction of the epic universe open in Florida in May.
Asked about any impact on the attendance of the theme of the decreases in the current decreases in international travel in the United States in the war of the world tariffs of President Donald Trump and the aggravation of international feeling in the United States, Cavanagh said that no retouching had yet been seen in the series of the opening of the epic universe. “Right now, what we are seeing is to continue the stability of the parks’ backdrop,” said Cavanagh, while conceding that there could be a gap in the slowdown of airline traffic to the United States from international markets such as Canada and Europe and future impacts on the frequentation of theme parks.
The quarterly revenues of the media unit, which include NBCUniversal, increased by 1.1% to 6.44 billion dollars, while EBIDA jumped from $ 21.5% to $ 1 billion. For the connectivity and platform division, overall income increased by 0.7% to 20.1 billion dollars. But total customers fell from 228,000 to 51.4 million.
In the large -band division, the cable giant has lost 199,000 national subscribers, a larger drop than the loss of 144,173 projected subscribers and a higher drop than the loss of 65,000 customers in the first quarter of 2024. Comcast signed 323,000 new national wireless lines, compared to 289,000 subscribers added last year.
The conglomerate also continued to lose video subscribers, with loss of clients of 427,000 in the last quarter, which compared to 487,000 lost in the first quarter of 2024, while the cable bundle continues to be under pressure.
In the midst of the difficulties of traditional cable television around the cord cut and the ascent of streaming, Comcast unveiled plans to fall back most of its wired networks, probably at the end of 2025, to include the USA, CNBC and MSNBC networks put in a separate entity. The Bravo cable channel, the NBC Broadcast Network and Peacock will remain part of Nbcuniversal.
Cavanagh de Comcast has told analysts’ initiatives to restore high speed fortune and other increasing connectivity companies. “In this intensely competitive environment, we do not win on the market which is proportionate to the strength of the network and the connectivity products that I have just described,” he insisted, while adding that it would take “several quarters” for recovery efforts to gain ground.
This theme was taken up by the CEO of Comcast, Roberts, who told analysts: “We are clearly confronted with certain challenges. But … with a lot of passion, the team has a feeling of emergency and energy and to focus on resolving customer pain points. ”
“I really like our strategy, our balance sheet, whatever global uncertainty. I think we have a fantastic and unique business, and I am quite optimistic,” Roberts said by concluding his remarks to analysts.
