☀️COMCAST to H'wood: 'Who Dis?' in Q1 Call
Yeah, PEACOCK growth was not top of mind — here's what has the C-suite's full attention in 2025
While I may not bring pizzas to my select lunchtime Wakeups here like Richard does for his Rushfield Lunch’s — I did bring my pal ARPU and he has EBITDA for everyone. Look — my face has been stuck in an earnings report for 2 hours, humor brainpower definitely deferred to math brainpower.
So let’s dive into the massive company that is COMCAST ($30B in Q1 revenue to NETFLIX’s $10.5B) . . . which somehow did not begin its Q1 earnings call with “How about those Conclave numbers, amirite?!”
Frankly, management didn’t mention a single thing about the TV or movie business until . . . 20 minutes into the earnings call — and it was only in the CFO comments section, totaling about 2 minutes of time for all of the Hollywood biz aspects of COMCAST.
While theme parks did receive a good deal of love — with Florida’s EPIC opening in 4 weeks, certainly deserved — outside of the CFO remarks, only 2 analysts even asked questions remotely related to the Hollywood business (mostly about PEACOCK).
SO:
If you’re wondering about what’s foremost on the mind of Brian Roberts and Mike Cavanagh at COMCAST — it’s very likely not “buying WBD” as there are some serious larger issues afoot that has COMCAST stock nearly -5% so far today.