The numbers

28% —Increase in media earnings before interest, taxes, depreciation, and amortization (EBITDA), driven by Peacock.

-$217 million —Peacock EBITDA losses, which improved by $219 million year over year.

-2.7% —Revenue decreased after comparison to the 2024 Olympics, which broke the ad revenue record.

41 million —Total Peacock subscribers, which is flat quarter over quarter and up 5 million year over year.

The watercooler talk

Mergers were on analysts’ minds during Comcast’s third-quarter earnings call on Thursday, as the company is one of the reported suitors for Warner Bros. Discovery, which recently said it was receiving interest from “multiple parties.”

Mike Cavanagh, Comcast’s president, said the “bar is very high” for the company to pursue any M&A transactions, g

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