Buzz-Street View: Peacock shines as Comcast stops the broadband bleed
Peacock posts quarterly profit as subscribers rise
Comcast's streaming service Peacock on Thursday posted a Q1 profit, helped by subscriber gains driven by the soccer World Cup and the popularity of the reality show Love Island USA.
Median PT of 32 brokerages covering the stock is $31.5 — LSEG-compiled data.
Broker views on Peacock, broadband and broader trends
Morgan Stanley ("equal-weight," PT: $29) says Peacock is poised to maintain its new profitability, with stable EBITDA expected in Q3 followed by a slight seasonal decline in Q4 around the NBA and NFL schedules.
MoffettNathanson ("buy," PT: $52) says NBCUniversal's media and entertainment division outlook is relatively clear, with theme parks performing steadily and Peacock expected to improve gradually, while no major surprises are expected.
J.P. Morgan ("neutral," PT: $29) says simplified pricing and packaging, along with a focus on improving customer experience, are expected to help reduce residential broadband subscriber losses.
Scotiabank ("sector perform," PT: $29) says the company's trends are expected to improve modestly in Q3 as initial marketing spending eases and more free wireless users convert to paid plans, with further improvement anticipated in the fourth quarter.
