NBCUniversal‘s streaming platform Peacock may finally turn a profit next quarter, Comcast co-CEO Mike Cavanugh signaled on Thursday. The June quarter would mark Peacock’s first-ever profit; the streamer was soft-launched in spring 2020 and hard-launched in summer 2020. Due to the COVID-19 pandemic, Peacock’s rollout, timed to the Summer Olympics, was stunted. Those 2020 summer games finally happened the following year.
Comcast CFO Jason Armstrong told analysts on an earnings call that the streamer has seen a “meaningful inflection point with Peacock expected to approach profitability” in the near-term.
Peacock lost $432 million in the first quarter of 2026, which measures January through March. The platform reached 46 million subscribers by March 31, 2026. Turning a profit out of what is the current quarter would be quite the swing.
Overall revenue at the streaming platform came to $2.0 billion, up from $1.2 billion in the year-ago period and $1.6 billion in the fourth quarter of 2025, driven by increased paid subscribers and higher average rates. Peacock had a hell of a February, dubbed “Legendary February” by NBCUniversal, with the Winter Olympics and Super Bowl LX. At the end of 2025, Peacock had 44 million subs.
The first quarter of this year marked NBCU’s separation from Versant. At its most basic, NBCUniversal (under Comcast) keeps NBC, Bravo, Peacock and the studios. Versant got the cable leftovers and the digital assets.
