Muichiro.T
Active member
Comcast Corp. reported a 2. Revenue reached $29 in the second quarter, that is 7% down compare to the same period last year. 7 billion, or below the opinions of different analysts which were at around $30 billion. The decrease was mainly as a result of a decrease in studio revenue by 27% and decline in the company’s theme park revenue by 11%. Similar to the results of Universal Studios, which did not have any such standout movie as last year’s “The Super Mario Bros. Movie” and “Fast X,” revenue declined this year. While the industry of theme parks is slowly recovering from the impact of the pandemic, some of the issues that happened include the low turn up for the parks as well as delays such as the postponement of the opening of the new Epic Universe park. This is affirmed by the parks division that recorded $1. 98 billion that were anticipated to be generated from the project hence deemed to have failed as per their executive’s perception. 21 billion forecast. Comcast increased revenues from cable, internet, and phone services, but reduced its broadband and video sub-scribers due to rising competition and the popularity of streaming services. Peacock, the streaming platform of Comcast came closer to the expectations and it now has 33 million subscribers. Comcast's shares fell 6. 3% for the top stock, and 2% for Walt Disney Co. shares.
