Epic Universe Keys Comcast Q3 Theme Park Gains; Co-CEO Says It Will “Fully Scale Up” In Coming Months

Core Insights - Comcast's Epic Universe theme park has significantly boosted the company's theme park revenue, contributing to a 19% year-over-year increase in parks revenue to $2.7 billion for the quarter ending September 30 [1] - The park's performance has led to higher per capita spending and attendance across Universal Orlando, with less cannibalization of visitors from existing parks than anticipated [3] - Comcast expects continued growth in attendance and revenue from Epic Universe, with projections for higher attendance and improved operating leverage by 2026 [2][3] Financial Performance - Parks revenue increased by 19% year-over-year to $2.7 billion [1] - EBITDA rose by 13% to $958 million [1] Competitive Landscape - Epic Universe presents new competition to Disney in the Florida market, leveraging popular Universal movie franchises [2] - The park is designed to offer a comprehensive vacation experience, enhancing the overall appeal of Universal Orlando [2] Future Outlook - Comcast aims to increase ride capacity and optimize the park's operations to enhance visitor experience [3] - The company anticipates that Epic Universe will fully scale up in the coming months, contributing to stronger financial metrics [3]