The 17-day function generated a history$ 1.906 billion in incremental profits thanks to NBC Sports ‘ protection of the Paris Summer Olympics, which generated a sizable audience and a revenue for parent company Comcast. As revealed Thursday night in Comcast’s third-quarter income statement, NBCUniversal whipped up$ 1.432 billion in advertising sales during its vacation in France, plus another$ 474 million in transmission income. The right to the 2018 Summer Olympics were$ 1.452 billion, despite the company’s failure to disclose how much of a revenue it made over the summer. In other words, Paris made a$ 454 million profit before production costs and additional charges were slashed. A good part of the submission dollars were kindness of the Peacock sector, which added 3 million subscribers in the third, bringing the streaming company’s entire base to around 36 million customers. The Paris Games averaged some 30.322 million people across all NBCU programs. Peacock posted an Profit lost of$ 436 million during the three-month time, down from$ 565 million in the year-ago time. Revenue at the streaming division jumped 82 % to approximately$ 1.509 billion, up 82 % from the analogous span in 2023. Overall media revenue improved 37 % to$ 8.231 billion. Excluding the contribution of the Summer Games, media dollars were up 5 % to$ 6.325 billion on the quarter. Comcast even disclosed that it is exploring a subsidiary of its wire sites system, a brake of ad-supported programs that includes Bravo, MSNBC, CNBC, USA Network, E! and Syfy. Given that the majority of the company’s life sports properties are broadcast on NBC broadcast lineup and Peacock, for a move may have a minimal impact on the NBC Sports portfolio. We are experiencing the effects of the change in our film companies, like many of our peers in the media, and have been considering the best course of action for these assets, Comcast leader Mike Cavanagh stated to analysts during the earnings visit. To achieve this, we are now looking into whether establishing a new well-capitalized company with our shareholders and a strong portfolio of cable networks would enable them to capitalize on opportunities in the changing media landscape and add value to our shareholders. Cavanagh continued, adding that Comcast was” not ready to talk about any specifics yet,” before adding that the company would inform investors as soon as it comes to “firm conclusions” on the subject. There are many questions to which we do n’t have answers, Cavanagh said, and the reason we’re announcing here is that we want to study it. As Comcast continues to increase its sports spending, Cavanagh also stated that the company would consider developing streaming partnerships in a bid to help accelerate the growth of Peacock, a process he characterized as “playing some offense.” The company pays north of$ 2 billion per season for its Sunday Night Football contract under its 11-year rights agreement with the NFL, and significant Olympic payouts are coming in, with the cost to carry the 2026 Milan Olympics set at$ 1. 1.026 billion ( a record for a Winter Games ), while Los Angeles will cost an additional$ 1. 1.007 billion. Additionally, NBCU is responsible for a new NBA contract that will increase revenue by$ 2.45 billion through 2036. On the pay-TV front, Comcast closed out the quarter with 12.834 million domestic video subs, which marked a loss of 1.661 million customers versus the year-ago tally of 14.495 million. The 11 % decline is slightly less vertiginous than last year’s 13 % drop, all told, Comcast has lost 3.748 million video subs since Q3 2022.