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