The streaming servicePeacockhad an impressive year in 2024 with revenue increasing and losses decreasing as the streaming service continues its attempts to make a profit. Out ofall the major streaming services, Peacock has always felt like one of the slighter offerings. It (was) cheaper for a long time, did not offer up much in the way of original programming, particularly in regards to movies, and its association with the Olympics and sports sometimes made it feel like an add-on for real fans of NBC series rather than a stand-alone streamer worth investing in.
Peacock’s 2024 Revenue Was $4.9 Billion In 2024
The Olympics Helped Bolster Peacock’s Strong Year
Peacock’s revenue increased by 28% to $1.3 billion in the fourth quarter of 2024, and for the year, increased by 46% to $4.9 billioncompared to the prior year (viaMorningStar). However, Peacock is still yet to turn a profit and for the final quarter of 2024, the streamer’s loss was $372 million. The good news is that in the same quarter in 2023, Peacock lost $825 million (viaTHR). For the full year of 2023, Peacock posted a loss of $2.75 billion, while in 2024, the loss was somewhere around $1.75 billion, a significant narrowing of the gap.
Every Peacock Original Movie Of 2024, Ranked
Peacock had some great original movies in 2024 and some that did not quite hit the mark.
How Peacock’s Revenue Compared To Other Streaming Services In 2024
Some Streaming Platforms Posted Profits In 2024
For the first time, the five largest streaming services have collectively reported a profit for the first nine months of the year. (viaYahooFinance).The first nine months of all five streamers reported a profit of $5.9 billion, way ahead of the collective $142 million loss reported in 2023. A significant portion of this profit margin comes solely from Netflix, which reported roughly $8.77 billion in earnings for the year of 2024. Disney+ projected a roughly $1 billion operating profit for 2024 (viaVariety).
The big five streaming services are Netflix, Paramount+, Disney+, Max, and Peacock.
HBO Max earned a profit of $270 million in the first three quarters of 2024, and Paramount+ posted a loss of $210 million in the first three quarters of 2024. NBC and Comcast have not released projections for 2025, but they will be hoping to continue their upward trajectory. Breaking even or becoming profitable may be out of reach in 2025, but they should close the gap enough that 2026 will be their first profitable year.Peacockis pairing with Spectrum TV in 2025, which is a healthy sign for future revenues and profits (viaVariety).
