The second quarter of 2020, when the coronavirus pandemic ravaged the United States and beyond, was not a good one for theme parks or movie theaters. Today was Comcast’s turn to reveal just how hard hit its Universal locations — and film group — were in Q2.
Revenue at Comcast’s Universal theme parks plummeted by 94.1% in the quarter ended June 30, 2020, the company said on Thursday. The box office fared even worse, with theatrical revenue dropping 96.8%.
Overall, NBCUniversal’s revenue sunk 25.4% with filmed entertainment declining 18.1% and cable TV dropping 14.7%.
The company’s cable communications business was essentially flat year to year.