Comcast Beats Wall Street’s Q2 Estimates as Theme Parks See First Profit Since Early 2020

NBCUniversal takes $363 million loss related to Peacock

Universal Orlando
Universal Orlando

Comcast’s theme parks division turned a profit in Q2, marking its first profitable period since Q1 2020 (before COVID-19 forced the shuttering of almost all theme parks globally), the company revealed in its second-quarter 2021 earnings report Thursday.

Revenue from Universal’s newly reopened theme parks, including Universal Orlando Resort, Universal Studios Japan and Universal Studios Hollywood, was $1.1 billion, up $958 million compared to the same time period last year, when each of the company’s theme parks were closed for either the majority or entirety of the quarter as a result of COVID-19.

Meanwhile, Comcast’s NBCUniversal took a $363 million loss related to streaming service Peacock in Q2, according to the company’s financial release.

Want to keep reading?

Create a free account, or log in with your email below.

 

Gain access to unlimited free articles, news alerts, select newsletters, podcasts and more.

 

Comments