Peacock “grew its revenue and subscribers” in Q4, but its losses “widened again compared with the year-ago period,” according to Georg Szalai of the HOLLYWOOD REPORTER. The financials were detailed in Comcast’s earnings report for the final period of 2022, and management reiterated that Peacock’s loss would “peak this year, predicting a loss” of $3B. Meanwhile, U.S. paid subs for Peacock “surpassed the 20 million mark as of the end of 2022.” Comcast had previously reported that Peacock’s paid subscribers in the U.S. had “surpassed 15 million” as of the end of Q3, meaning it “added around 5 million in the final quarter of 2022.” This marks its “strongest quarterly gain” since Peacock’s launch in 2020. Comcast in its Q4 financial report also posted NBCUniversal earnings before interest, taxes, depreciation and amortization that fell 36.3% to $817M from $1.28B amid “higher expenses, even though revenue rose” 5.9% to $9.89B. Comcast advertising revenue increased 4% in Q4, “primarily due to incremental revenue from the FIFA World Cup, as well as an increase in Peacock advertising revenue.” That included $263M in “incremental ad revenue from the World Cup” (HOLLYWOOD REPORTER, 1/26).
More exec changes at Warner Bros. Discovery Sports, Verizon leads NFL postseason ad spending and JP Morgan Chase shows interest in Serie A’s media business.
It's been proclaimed the most exciting two minutes in sports. Churchill Downs has been home to some of the most incredible moments in sports history. During today's conversation IEG's Vice President of Strategy and Churchill Downs Vice President of Marketing, Brand and Partnerships Casey Ramage give us some insight on their analytical approach to sponsorship strategy.
SBJ I Factor presented by Allied Sports features an interview with Orlando Magic CEO Alex Martins. Martins is a long-time sports executive who first started with the Magic in 1989. He has been CEO since 2011, and was instrumental in the Amway Center winning a Sports Business Award for Facility of the Year in 2012. Martins talks with SBJ’s Abe Madkour about coming up through the business from the communications side, what he learned during stints with multiple teams, and why he looks for emotional intelligence when interviewing job candidates. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, including Forty Under 40, Game Changers and Sports Business Awards.
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