As far as travels the Theme Park sector for Comcast saw a 5.2% drop in revenue for Jan-Mar and a 32% drop in profit for the global Universal Parks vs Q1 2024
Cited lower guest attendance including reduced attendance due to the CA wildfires
The company beat analyst earnings estimates and saw revenue lifted primarily by its Xfinity mobile offering and streaming platform Peacock.
Despite broadband revenue growth, Comcast still showcased the pressures the cable industry is facing in the segment with the loss of 199,000 customers during the quarter.
As far as travels the Theme Park sector for Comcast saw a 5.2% drop in revenue for Jan-Mar and a 32% drop in profit for the global Universal Parks vs Q1 2024
Cited lower guest attendance including reduced attendance due to the CA wildfires
Even accounting for $100m in EPIC costs this is a poor quarterly report for Comcast Theme Parks.
Ignoring any Covid era reports and we ignore the $100m in EPIC costs, they reported lowest quarterly EBITDA margin going back to at least 2012 (possibly ever).
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