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Comcast Q3: Record-Breaking ‘The Odyssey’, Profitable Peacock Fuel NBCU Spinoff Momentum

Business - Latest - Google News·5 days ago
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Odysseus and his intrepid crew sailed through Comcast ’s latest quarter as Universal surpassed $5 billion at the global box office, led by the The Odyssey , now Universal’s highest-grossing film of all time.

The Christopher Nolan smash based on Homer’s epic has grossed nearly $1.9 billion worldwide since its July opening and set all sorts of records for the director and the studio with $625 million domestically and $1.16 million of international box office.

Theatrical revenue surged 77% to $1.13 billion for the third quarter.

Peacock delivered its second consecutive profitable quarter with $261 million of adjusted EBITDA on $1.8 billion in revenue, driven by strong growth in distribution. Subscribers of 48 million held steady from Q2.

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Comcast reported consolidated pro forma revenue of about $29.3 billion for the quarter ended in September and adjusted EBITDA, also pro forma, of $9.1 billion, both about flat from the year earlier.…

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