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Comcast beats profit estimates as 'Epic' lifts theme park attendance
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Comcast beats profit estimates as 'Epic' lifts theme park attendance
Jul 31, 2025 4:27 AM

July 31 (Reuters) - Comcast ( CMCSA ) topped estimates

for quarterly revenue and profit on Thursday, driven by a surge

in theme park attendance sparked by the May debut of "Epic

Universe", growth in its domestic wireless business and a spike

in streaming revenue.

The Central Florida attraction boosted theme park revenue by

nearly 19% in the second quarter, to $2.35 billion, even though

it was open for about one month into the reporting period.

The park, which represents an estimated $7 billion

investment, is one of the six areas that will contribute to

Comcast's ( CMCSA ) growth.

The live-action remake of the DreamWorks animated movie "How

to Train Your Dragon" generated around $600 million in global

box office, lifting the studio's April-to-June revenue up 8%

from a year ago.

The Peacock streaming service reported revenue of $1.23

billion, a nearly 18% improvement, reflecting price hikes

implemented in July 2024.

Peacock maintained its total paid subscriber base of 41

million, thanks to hit shows such as the reality dating

competition "Love Island USA". Losses at the division narrowed

to $101 million, from $348 million a year earlier.

Overall, Comcast ( CMCSA ) reported revenue of $30.31 billion,

narrowly beating the estimates of $29.81 billion, according to

data compiled by LSEG.

On an adjusted basis, the company earned $1.25 per share,

compared with estimates of $1.18.

The company added 378,000 new wireless phone customers in

the quarter, beating FactSet expectations for 345,000 additions.

Comcast ( CMCSA ), which houses the Xfinity-brand of internet and

cable services, shed 226,000 broadband customers in the second

quarter, fewer than the 255,000 losses forecast by FactSet.

To offset the ongoing broadband losses, Comcast ( CMCSA ) has offered

simplified all-inclusive packages that combine home internet,

mobile and entertainment services.

Comcast ( CMCSA ) has also launched a five-year price lock guarantee

for its internet customers, as it looks to reduce cancellations.

(Reporting by Harshita Mary Varghese in Bengaluru and Dawn

Chmielewski in Los Angeles; Editing by Sriraj Kalluvila)

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