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NBCUniversal expects Peacock losses to peak this year as streamer slowly adds subscribers



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The NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Monday, April 20, 2020.Gabby Jones | Bloomberg | Getty ImagesStreaming service Peacock has slowly been taking flight with consumers. Its losses on Comcast’s balance sheet, however, have been swift.Like its peers, Comcast has been investing in its streaming platform by putting more of its content on Peacock. But it’s coming at a heavy cost.Peacock weighed down earnings for Comcast’s NBCUniversal, with the company reporting Thursday that Peacock recorded an adjusted loss of $978 million during the fourth quarter. For the overall year, Peacock’s losses were in line with what the company had earlier warned–about $2.5 billion.The pain isn’t over yet. Company executives said Thursday Peacock losses will peak in 2023 at around $3 billion, but expect it to steadily improve after that.Investors’ tune have changed about adding customers no mat …

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