Peacock's Launch Exceeded Comcast's Expectations
Comcast (NASDAQ: CMCSA) launched Peacock -- its ad-supported streaming service -- to Xfinity video and internet subscribers last month. During Comcast's first-quarter earnings call on April 30, management said the limited rollout exceeded its expectations.
"We're already pacing ahead of our internal forecast on monthly active users and in time spent viewing," CEO Brian Roberts told investors.
Before investors get too excited thinking Peacock is the next Disney+ (NYSE: DIS), there are a few points of caution. First of all, Peacock launched amid a boom in streaming video demand. Second, Comcast's expectations were very low. And finally, management gave no plans to move up the broader launch date (still scheduled for July) despite the successful soft-launch.
Source Fool.com
