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Report: Epic boosts Comcast's theme-park numbers

Dewayne Bevil, Orlando Sentinel on

Published in Business News

The first holiday season of Epic Universe helped propel fourth-quarter theme-park revenue of Comcast, the company reported Thursday.

Revenue for October-December 2025 was $2.89 billion, an increase of 21.9% over the same period of 2024. The numbers helped bring the Content & Experiences segment — including the company’s film studios and media businesses — up 21.9%.

“We’re really pleased with what we’re seeing from Epic, which continues to drive higher per-cap spending and attendance across the entirety of the resort while we are not yet operating at full run-rate capacity,” said Jason Armstrong, chief financial officer, in a conference call with market analysts after the earnings report was released. The theme park debuted in May.

“We have made meaningful progress expanding ride throughput, and we remain focused on scaling further over the next several quarters with higher attendance, stronger per-caps and additional operating leverage over time,” he said.

Epic’s year was “phenomenal,” said Brian Roberts, Comcast’s CEO.

“I think the plans continue to be to invest behind that park in the fullness of time,” he said. “But I think this year is the year where we continue to drive the original agenda, which is to fill up our hotels.” Universal Orlando’s hotel occupancy is up 3% and the average daily room rate is up 20%, he said.

 

Attendance and revenue at individual theme parks were not reported. The opening and performance of Horror Unleashed, the year-round haunt in Las Vegas, was not mentioned.

Looking at the attractions segment in 2026, Roberts pointed to the opening of a kids park in Frisco, Texas, the Fast and Furious roller coaster debuting at Universal Studios Hollywood and the groundbreaking for a theme park in England.

Overall performance for Comcast, which also has broadband, media and film studios businesses, was $32.31 billion in the fourth quarter, up 1.2%. For the full year, company revenue was $123.71 billion, down from $123.73 billion in 2024.

Theatrical releases were down 20.2% for the quarter as “Wicked: For Good” and “Black Phone 2” were outperformed by the first installment of “Wicked” and “The Wild Robot” of 2024. Roberts touted the upcoming 2026 films, including “Odyssey,” “Disclosure” directed by Steven Spielberg, “The Super Mario Galaxy Movie” and “Minions 3.”

Also coming up are the Super Bowl, Winter Olympics and NBA All-Star Game, which will all be seen on Comcast-owned NBC and Peacock platforms.


©2026 Orlando Sentinel. Visit at orlandosentinel.com. Distributed by Tribune Content Agency, LLC.

 

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