Todd Spangler NY Digital EditorNBCUniversal’s Peacock, entering its third year of operation, dug deeper into investment-mode red ink in 2021 — with adjusted losses at the streamer more than doubling.Comcast, in reporting Q4 earnings Thursday, revealed that Peacock generated $778 million in revenue for the full-year 2021, with an adjusted loss of $1.7 billion.
That’s compared with $118 million of revenue and an adjusted EBITDA (r earnings before interest, taxes, depreciation, and amortization) loss of $663 million in 2020.Comcast said Peacock had 24.5 million monthly active accounts in the U.S.
at the end of the year, but it hasn’t consistently reported that metric. It most recently said Peacock had “more than 20 million” active users as of the end of Q2 2021. Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial and investment news, and more.The cable and media conglomerate disclosed the Peacock financials in reporting fourth-quarter 2021 earnings Thursday, beating Wall Street expectations.Peacock, which is available in a range free and premium subscription tiers, launched for Comcast cable subscribers in April 2020 and went nationwide in July of that year.Comcast execs previously told investors that it expected to invest about $2 billion in Peacock during 2020 and 2021.
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