Peacock achieves first profit
Peacock, the streaming service owned by Comcast, announced its first quarterly profit of $189 million before taxes, driven by an increase in subscribers that reached 48 million after gaining two million new users during the quarter from April to June. Its sales also rose by 54% to $1.90 billion. The service benefited from broadcasting World Cup matches and the show "Love Island USA," as well as achieving unexpected success with summer movies, contributing to a 25% increase in the company's revenue to $3 billion. On the other hand, the number of broadband service subscribers declined by 167,000, and amusement park profits fell due to weak demand and rising fuel prices, amid ongoing economic challenges in some global markets.
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