Peacock Will Finally Turn A Profit In Q2, NBCUniversal Matt Strauss Says; “A Beginning To A Validation”

NBCUniversal Media Chairman Matt Strauss, who oversees Peacock, says the 6-year-old streamer will finally turn a profit in the current quarter.

Entering the black is “a big milestone for the company” and “a big milestone for the team,” Strauss said during an appearance at the Evercore Global TMT Conference on Tuesday. “It’s also a beginning to a validation of the strategy that we’ve had from the beginning, because we’ve been very consistent and disciplined on the execution of our strategy. … There’s not one way to approach a streaming strategy or market. 
You know, sometimes you have to play to your strengths, which is what we’ve been doing.”

The comments about the April-to-June quarter, which benefited from blockbuster sports events like the Kentucky Derby and the NBA playoffs, are more definitive than those offered by NBCU parent Comcast earlier this spring. When the media giant reported first quarter earnings in April, the company said Peacock would “approach profitability” in the second quarter.

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