Comcast's Peacock Is Off to a Strong Start
More than 10 million households have signed up for Peacock, the new streaming service from Comcast's (NASDAQ: CMCSA) NBCUniversal. The media giant shared the update in its second-quarter earnings release, and management had much more to say about the early results during the accompanying conference call.
"Not only are more people signing up than we projected, but they are watching more frequently and engaging much longer than we projected," Jeff Shell, CEO of NBCUniversal, told analysts.
At its investor day in January, management said it expected to have 30 million to 35 million active accounts by 2024. While Shell clarified that "sign-ups" don't necessarily translate into monthly active accounts, he did note that all of the metrics are ahead of expectations.
Source Fool.com
