Q2 2026 Analysis: Netflix Hits 33.4% Operating Margin, Peacock Turns Profitable as Monetization Takes Center Stage

Peacock added 2 million paid subscribers during the quarter, reaching 48 million. Revenue rose to $1.9 billion, while adjusted EBITDA reached $189 million, marking the service’s first quarterly profit. Paramount+ also added roughly 2 million subscribers to reach 81.6 million.