The Universal theme park division of Comcast set a new earnings record with $833 million between April and June, but attendance did decline at its Orlando resort after a long run of post-pandemic growth.
Comcast executives didn’t say how much attendance declined year-over-year at Universal Orlando Resort, but also didn’t seem worried about the drop. (Disney World has reportedly experienced its own attendance slump in recent months.)
Comcast chief said the attendance “really compares very well to pre-pandemic. We are obviously down on attendance, which was kind of unprecedented in the back of coming of COVID, so, not surprised by that softening.”
Universal parks in Hollywood and Beijing posted record profits during the quarter, Cavanagh said, crediting the former to the “strong demand from Super Nintendo World.”
Overall, the theme park division generated $2.2 billion in revenue, a 22 percent jump over the same three-month period in 2022. Comcast CEO Brian Roberts said that the company is “really bullish on the parks” and hyped the under-construction Epic Universe theme park in Orlando as being a “pretty massive” opportunity.