R england out of the world cup

With advertising trends front and center for Wall Street and industry players in the current crop of media earnings , Comcast’s NBC Universal was one of the first to weigh in. NBCU CEO Jeff Shell said the market steadily  worsened over the course of last year but “it kind of feels like it bottomed out around late November, early December, and really since then it hasn’t gotten worse, and maybe even a little better.” He said he’d describe it as a “shallow” market with areas “that are better, actually really doing well, like pharma, entertainment, travel is on fire” and other that “feel uncertain” like weak tech, auto and financial services. Speaking on a post-earnings conference call, he said it feels like the weakness is due more to macroeconomic uncertainty than to businesses not doing well. “None of us know where the economy is headed, so advertisers are holding back, and when they do advertise, they are coming in later than usual. He predicted the market “is … [Read more...] about NBCU’s Jeff Shell Says Ad Market May Have “Bottomed Out”

Streaming service Peacock closed 2022 with more than 20 million paid subscribers, helping Comcast slip past Wall Street estimates during a challenging fourth quarter in the media business. Total revenue came in at $30.55 billion in the period, less than 1% ahead of the prior-year quarter but just above analysts’ consensus. Earnings per share of 70 cents fell short of estimates, but exceeded them on a non-GAAP basis. Along with Peacock, a strong return for theme parks helped NBCUniversal post solid numbers on the top line, with revenue up 6% to $9.9 billion. Advertising revenue increased 4%, which the company credited to Spanish-language coverage of the World Cup by Telemundo and rising Peacock ad revenue. The profit story was less encouraging, with adjusted EBITDA falling 36% to $817 Theatrical revenue at the film studio soared 47% over the prior year, with Ticket to Paradise , Puss , Violent Night and Halloween Ends closing the year on a high note. … [Read more...] about Peacock Clears 20M Subscribers, Helping Comcast Nip Wall Street Q4 Estimates

NBCUniversal CEO Jeff Shell said execs at the company and parent Comcast are “more confident” than they were a year or two ago that investments in streaming service Peacock will soon yield profits. How soon remains a bit unclear, however. “We’ve been clear from the start that we’re going to see a return on that investment — I think we feel better about that now based on where we are,” Shell said during Comcast’s fourth-quarter earnings call. The company said Peacock had passed 20 million subscribers by the end of 2022, more than double its size at the start of the year. It added 5 million subscribers in the quarter thanks to Spanish-language World Cup coverage as well as original programming, other live sports and the addition of first-window movie titles and NBC and Bravo series that used to go to Hulu. Over the rest of the year, CEO Brian Roberts said, “subscriber cadence will follow content launches, which will fall more heavily in the second half of 2023” than … [Read more...] about NBCUniversal And Comcast Execs “More Confident” Than They Were A Year Ago In Peacock Profit Outlook, Jeff Shell Says