Any online chatter painting Universal Orlando’s third theme park, Epic Universe, as a disappointment was proven inaccurate Thursday.
Comcast announced its earnings for the third quarter of 2025, the first full quarter when the park being officially open. The Universal theme park division reported a 18.7 percent jump in revenue compared to the same period in 2024, taking in $2.7 billion. Adjusted earnings were up 13.1 percent to $958 million — meaning the extra costs of operating another theme park are, so far, not dragging down profits.
However, earnings didn’t quite match the same time period in 2023, when the theme park division brought in $983 million in adjusted earnings off a lower $2.4 billion in revenue.
“We’re really pleased with the early results from Epic, which are driving higher per-cap spending and attendance across the entirety of Universal Orlando,” Comcast chief financial officer Jason Armstrong said.
Comcast president Michael Cavanagh added that Epic’s attendance is not just re-routing guests who would’ve gone to the two existing parks, stating, “One of the nice things is that [we’re seeing] lesser cannibalization of attendance from our two pre-existing parks than we had expected.” (In contrast, Disney World acknowledged it had a cannibalization problem when the resort expanded to four theme parks with Animal Kingdom in 1998.)
But Cavanagh also said there’s more work to do on Epic. Namely, being able to handle larger crowds.
“Our focus now is driving increased ride capacity, Cavanagh said. “It’s a new park and very technologically advanced, so we are working on the labor and the kinks to drive it to full capacity. We’ve been holding back a little bit to make sure the experience is what we want it to be, so we expect it to fully scale up in the months ahead.”