spin

Peacock, NBCUniversal’s streaming service, reached profitability for the first time, boosted by FIFA World Cup, NBA playoffs and reality dating show “Love Island USA.”

The milestone comes as Comcast Corp. prepares to spin off NBCUniversal entertainment and news media businesses into a separate company. Peacock, which launched in 2020, grew its paid subscribers by 4% to 48 million in the second quarter, compared to the previous quarter. The company said Peacock’s earnings before interest, taxes, depreciation and amortization was $189 million.

“In just six years, we built Peacock into a streaming business with real scale in the U.S.,” said Brian Roberts, chairman and co-CEO of Comcast on Thursday in an earnings call, adding that Peacock has added 2 million paid subscribers in each of the last two quarters.

Co-CEO Mike Cavanagh said that performance “reinforces the value of NBC, Telemundo, Bravo, and Peacock together as one integrated media business with continued opportunity to drive stronger engagement, advertising, and profitability into the future.”

Comcast plans to spin off Peacock, NBC and Telemundo broadcast networks, Bravo, Universal film, television studios and theme parks and British TV service Sky into its own separate company, with a goal of completing the separation in about a year.

Michael J. Wolf, CEO of Activate Consulting, said Peacock’s first profit proves that live sports and premium programming “remain the single most powerful anchors for consumer attention and subscriber growth.”

“As Comcast prepares to spin off NBCUniversal, freeing it from legacy cable, a standalone NBCU is now structurally positioned to compete at the highest level of streaming,” Wolf said in a statement.

Peacock was the last major premium subscription video-on-demand service launched by a legacy studio to reach profitability, said Brandon Katz, director of insights and content strategy at Greenlight Analytics. The streaming service is available only in the U.S. and certain U.S. territories. Its reach is much smaller than other rivals like Netflix, which has about 80 million households in the U.S. and Canada.

“It was a long and arduous process for Peacock to reach profitability, and this is obviously a very important step for their business, but one small step in a much larger journey,” Katz said.

The Peacock news was part of Comcast’s earnings results. Comcast said revenue declined 1% to $29.9 billion in the second quarter, compared to a year ago, hurt by the loss of broadband residential customers.

Net income was $3.5 billion, down 68% from a year ago, when its profit was boosted by a $9.4 billion gain from Comcast’s sale of its share in Hulu.

Content and experiences revenue increased 22.9% to $10.7 billion, thanks to increases in advertising and theatrical revenue from popular movies including “The Super Mario Galaxy Movie,” horror movie “Obsession” and the international distribution of “Michael.”

Comcast’s stock closed Thursday at $21.92 a share, down about 7%.

Last March, the L.A. Times had proclaimed that Nathy Peluso had found her musical language. Later that year, the Argentine singer decided to mix things up by releasing her 2025 EP, “Malportada.”

In a departure from her urbano and alternative leanings blended with notes of R&B, the six-song EP was a straightforward, traditional salsa offering that featured a collaboration with Venezuelan salsa hybrid band Rawayana on the title track.

“My experience being a woman and making music has always been to talk about my freedom [and] how I feel,” she told The Times in a recent interview inside the famous Amoeba Music record store in Hollywood. “Salsa seems to me like a stage that invites one to express themselves fully, speak loudly, dance freely and feel powerful.”

Peluso had previously dabbled in the salsa genre with tracks like 2020’s “Puro Veneno,” 2021’s “Mafiosa” and the 2025 salsa erótica tune “Erotika,” but had never dedicated an entire project to the Caribbean musical styling.

The pivot by the 31-year-old artist was especially bold as she had previously been accused of cultural appropriation for recording salsa tunes.

“It’s [my] function in society,” Peluso previously told The Times in a 2025 interview when asked about the criticism of her salsa jams. “I’m not the kind of artist who’s complacent or politically correct. I don’t do anything with the intention of pleasing others. I chose the mission of bringing salsa back to the present because I’m passionate about it. If a genre gives me so many wonderful sensations, I want everybody else to feel them as well. As long as people argue, they will have to listen to the songs — and as a result, they will listen to salsa.”

Peluso’s gamble paid off — as “Malportada” was so well-received by critics, fans and the wider salsa community that she managed to get herself booked as the co-headliner for the Hollywood Bowl’s upcoming Salsa Spectacular on Wednesday.

Over the last few years, salsa music has enjoyed a bit of a renaissance — thanks in part to the success of Bad Bunny’s universally acclaimed album “Debí Tirar Más Fotos” — which featured the salsa fusion hits “Baile Inolvidable” and “Nuevayol” — and Rauw Alejandro’s 2024 LP “Cosa Nuestra.”

But for Peluso, her integration into the salsa world was a long time coming.

“I grew up listening to Gloria Estefan, I fell in love with [the 2000 album] ‘Alma Caribeña,’ I fell in love with the richness of that music,” said Peluso. “I’ve had a strong relationship with salsa music since I was young, even though I didn’t grew up in a place that was a cradle for that genre.”

Peluso was born in the Argentine city of Luján and lived there until she was 9, when her family moved to Spain, eventually settling in the southeastern city of Alicante.

In addition to Estefan, she cited inspiration from Nuyorican percussionist Ray Barretto, Puerto Rican salsa orchestra El Gran Combo de Puerto Rico and genre icons Héctor Lavoe and Willie Colón.

(Ronaldo Bolanos / Los Angeles Times)

“Throughout my career, I’ve always flirted with the genre,” Peluso said. “After doing the press for [the 2024 album] ‘Grasa’ there reached a point where I realized I was ready to make my salsa record, and it just happened to coincide with the current salsa boom.”

While paying respect to the musical tradition, Peluso also imbued her spin on the genre with some of the swaggering feminine energy often found in urbano music — as is evidenced in the “Malportada” track “A Caballo.”

“I grew up listening to a lot of masculine salsa and I thought it would be interesting to approach that type of energy from a woman’s perspective,” she explained. “[To take] all these stories of danger and sex and desire that the genre is known for, but give them a feminine spin.”

Peluso further bolstered her salsa bona fides when she teamed up with a pair of Caribbean music legends over the last year.

In September, she collaborated with her idol Estefan for a remix of the 1993 track “Chirriqui Chirri.” The duo performed the explosive song at the 2025 Latin Grammy Awards show. In February, Peluso jumped in the studio with Puerto Rican salsero Marc Anthony to record the original track “Como en el Idilio.”

“It was so awesome to sing with [Anthony] because he is one of the all-time legends we have in salsa who expanded the genre worldwide,” Peluso said. “It was a blessing to sing with Marc and Gloria in this moment of my career in which I’ve decided to represent salsa from my point of view.”

For her Hollywood Bowl gig, Peluso will be accompanied by the Colombian salsa collective Grupo Niche, a Grammy- and Latin Grammy-winning group that has been around since the late ’70s.

“I’ve admired Grupo Niche for years,” Peluso said. “We met at the Latin Grammys a few years ago and really hit it off. A little while back, when I was offered to do the Hollywood Bowl show alongside them, it was a no-brainer.”

But the biggest honor that Peluso is looking forward to is playing the hallowed stage of the Hollywood Bowl.

“It’s like playing in a palace for me,” she said of the historic venue. “The last time I was in L.A. for the ‘Grasa’ tour, I left wanting more. I knew I’d have to waiting until my next tour to try it, but I didn’t expect my next tour to come so quickly. It’s such a mythical place, it’s such a luxury.”