Comcast. AMC. Apple

Comcast’s Peacock adds 3M subs for a total of 44M subs. Here are the earnings stats for the NBCUniversal streamer:

Gains:

• $1.6bn revenue (up from $1.3bn last year)

• 44M subs (up 3M).

  • Good result after the previous no change for 2 straight quarters

Losses:

• -$552M (up from $372M in losses last year)

• -181K domestic broadband subs (down from -226K last quarter)

The media unit of Peacock’s parent company, Comcast, had a loss of $122M, a decline of 14.01%. $32.31 bn revenue (up 1.2% from last year).

NBCU’s movie and TV studio had $3.03bn in rev down 7.4% as a result of the 20% decline in theatrical revenue ($411M). Profit is down 38.4% to $351M.

This year, on Comcast’s NBCUniversal, you’ll be able to see the Olympics, the World Cup, and the Super Bowl, hopefully that’ll bolster their numbers.

Here’s the full Q4 2025 financials.

AMC Q4 (preview) numbers:

• $1.288 bn revenue

  • ↓ 1.4%

• $127.4M net loss

  • Up from $135.6M loss in Q4 2024

These losses were one of the reasons why AMC secured what is called “refinancing flexibility,” meaning they got permission from key lenders to refinance AMC’s term loan and its high-interest 12.75% notes due 2027 with new debt that pushes maturities out and (ideally) lowers interest costs.

Full details here.

Apple Q4 2025. Apple does not release individual numbers for Apple TV+. Here is the most relevant figure from their earnings call and the delta from Q232024:

• $30.01bn - Overall services revenue

  • ↑ 14%

​Their total revenue was $143.8bn, meaning the services division makes up almost 21% of their total revenue.

Full report here.