As part of the announcement of its financial results for the third quarter of 2020, Comcast announced that the OTT platform reached 22 million subscribers, more than double the 10 million announced in July.
At a press conference this Thursday, October 29, Comcast announced its financial results for the third quarter of the year, which reveal good results for its OTT, Peacock.
NBCUniversal’s OTT platform reached 22 million subscribers during the period, growing from the 15 million announced in early September. The number is also double the 10 million subscribers announced in July.
This accelerated growth thus confirms the most recent study by Kantar, which positioned Peacock as the fastest growing OTT in the US during the third quarter of the year, with 17.2% of new subscribers.
According to the study, Amazon Prime Video was second with 16% and HBO Max third with 11.3%. Behind were: Hulu (9.5%), Disney+ (9.1%), Netflix (8.3%) and Apple TV (4.9%).
For the month of November, Peacock has big premieres planned such as the new Saved By The Bell (Wednesday 25) and the third season of Yellowstone (Sunday 22), the most watched series on cable TV in the US so far in 2020.
As part of its financial results, Comcast further announced that its total revenues from Comcast were US$ 25.5 billion, 4.8% less than the prior period, but above expectations.
NBCUniversal’s revenue fell about 19% to US$ 6.7 billion in the quarter. Entertainment film revenue fell 25% to US$ 1.3 billion due to lower film revenue, partially offset by higher content license and home entertainment revenue. Movie theaters revenue plummeted 95% with many cinemas closed as a result of Covid-19.