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Comcast Q2 Earnings Up, Cites Universal Theme Parks’ Strong Growth

Good news for Universal Studios fans. Comcast’s earnings are up in Q2 and it attributes a lot of that growth to its theme parks.

According to the earnings report, theme park revenue increased over 15%, bringing the total revenue to $1.3 billion for the quarter. The company attributes spring break and the opening of Volcano Bay as a major part of the reason.

Comcast is up overall from last year. From News 13

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NBC Universal’s capital expenditures of $338 million decreased 6.1 percent, reflecting the continued investment in theme parks. Overall, Comcast reported an increased revenue of 9.8 percent ($21.17 billion), up from $19.27 billion in the same period last year.

Earlier this spring, Universal Studios opened Volcano Bay, massive $600 million water park that replaced Wet ‘N Wild. Despite some initial complaints about the park’s TapuTapu placeholder system, the park opened with big crowds.

[Source: MyNews 13]


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