Comcast misses quarterly revenue estimates on weak studio, theme park business

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Comcast Nouvelles

Theme Parks,Quarterly Revenue,Total Revenue

With most of its big movies such as the fourth installment in the hit animated franchise 'Despicable Me' and the disaster movie 'Twisters' released in July, ...

FILE PHOTO: Illustration shows small toy figures with laptops and smartphones in front of displayed Comcast logo

Revenue from its studio business fell 27% and was a drag on its total revenue, which fell 2.7% to $29.69 billion in the three months ended June. LSEG was estimating $30.02 billion.Comcast is leaning on Epic Universe - a collection of immersive worlds such as Super Nintendo World and How to Tran Your Dragon-Isle of Berk - to bolster its parks business but the launch has been pushed back to 2025 from this year.

The company's plan to focus on direct-to-consumer growth while managing linear TV declines and investing in businesses less impacted by cord-cutting also showed some progress. Ryan Reynolds Reveals Name of His and Blake Lively's Fourth Baby During “Deadpool & Wolverine ”Premiere

 

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