Q2 earnings look fine, but $CMCSA may be better off jumping on the M&A bandwagon with NBCUniversal. VIP+ media analyst and correspondent heidi_chung explains why
In regard to streaming service Peacock, NBCU CEO Jeff Shell responded that success could be achieved without additional assets. He mentioned that Q2 was proof of that argument. But the numbers tell a different story, suggesting Shell’s division may be wobblier than investors realize. figures again. CEO Brian Roberts announced on the earnings conference call that the streaming service had 54 million sign-ups as of this week, with more than 20 million monthly active accounts.
The numbers contradict the bullish narrative from management, and that should worry investors more than it did Thursday morning, when the stock rose nearly 3% shortly after market open. new study fielded for VIP+ by GetWizer Consumer Insights among almost 1,500 Americans, while usage of the free version of Peacock is somewhat high, the subscription version Peacock Premium is getting little love.
The U.S. and most of the world shut down in the second quarter of last year, and the macroeconomic backdrop was especially tough. A fairer comparison would be to 2019.
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