Comcast-owned Peacock Achieves Profitability for the First Time Ever. Here’s What Investors Need to Know Ahead of Comcast’s NBCUniversal Spin-Off.
The company's streaming service finally delivered positive adjusted EBITDA.
Overview
Thursday will go down in history as a major day in the history of the businesses that comprise Comcast (NASDAQ:CMCSA). Not only did the entertainment company’s high-profile Peacock streaming service log its first profitable quarter (at least by one metric), it also announced plans to effectively split itself in two.
There was a lot to digest in Comcast’s Thursday developments. So let’s not waste any time and dive right into them.
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Originally published at www.fool.com.
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