Asked about Peacocks original content spending outlook, Cavanagh replied in a qualitative rather than quantitative way.

Sports and entertainment are interplaying well with each other on Peacock, he said.

He noted the breakouts ofTedandTraitorsSeason 2 in the first quarter, which coincided with a record-setting NFL playoff telecast.

Comcast

Comcast headquarters in PhiladelphiaWilliam Thomas Cain/Getty Images

The April-to-June quarter will be a little lighter in terms of the cadence of our content, he advised.

But higher operating expenses, notably higher programming expenses at Peacock, contributed to wider losses.

Adjusted EBITDA, a key measure of profitability, fell 6% to $827 million.

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Results from the companys studios, media holdings and theme parks are now reported as Content & Experiences.

A 1.5% uptick in theme park revenue was offset by the negative impact of foreign currency.