Comcast Revenue Misses, Dragged Down by Parks, Studios
- Revenue in the film unit tumbles 27%; park sales slump 11%
- Studios has dearth of blockbusters after 2023’s ‘Super Mario’
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Comcast Corp. reported second-quarter revenue that missed analysts’ estimates, dragged down by a slower season at its movie studios and theme parks.
Revenue fell 2.7% to $29.7 billion, the company said in a statement, missing the $30 billion average of analysts’ projections. Revenue from studios tumbled 27% while sales at theme parks fell 11%.