Is Peacock Profitable?

Matt Strauss says Peacock was profitable in the third quarter, for the second quarter in a row. He shared the figure with results the company had reported the week of this conversation. EBITDA was $261 million, $470 million better than a year earlier. The service launched six years ago with a strategy he describes as different from the other streamers. He takes the profit as proof that there is more than one way to go to market, and he says the team has momentum to keep growing.

NBC Media Group is likely to be a separate company this time next year, as part of the new NBC. The spinoff is not closed, so some questions have to wait. From here, NBCUniversal will keep playing to its strengths.