In the first full quarter of operation, Comcast's Epic Universe theme park drove double-digit gains for the company's theme park unit. And executives expect that contribution to only increase. The company reported a 19% year-over-year gain in parks revenue, to $2.7 billion, in the period ended September 30. EBITDA rose 13% to $958 million.
Comcast (CMCSA) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.1 per share. This compares to earnings of $1.12 per share a year ago.
Comcast's quarterly number topped Wall Street forecasts with Epic Universe contributing to 19% revenue growth at Theme Parks, advertising steady thanks to Peacock — and excluding a massive year-earlier bump from the Paris Olympics — and good news on the subscriber front with fewer domestic broadband losses and a jump in wireless customers.
The media and telecommunications giant on Thursday reported a net loss of 104,000 domestic internet customers for the third quarter, reflecting losses of 91,000 in its residential segment and 13,000 in its business segment. Analysts tracked by FactSet were expecting 143,000 domestic broadband net losses on average, versus 226,000 in the second quarter.
Comcast lost fewer broadband and video customers in the third quarter than Wall Street had expected, buoying its top and bottom lines while its wireless business gained steam.
Comcast surpassed Wall Street expectations for quarterly results on Thursday, thanks to the growing popularity of its theme parks and strong box office returns from its latest "Jurassic World" movie.
Comcast's broadband results will be top of mind for investors when the company reports third-quarter earnings before the bell on Thursday. Comcast has been in the midst of revamping its broadband strategy this year following quarters of stagnating subscriber growth.
Comcast reports earnings on Thursday. Investors will be listening for commentary about a potential deal for Warner Bros.
Comcast (NASDAQ:CMCSA) is scheduled to announce its earnings on Thursday, October 30, 2025. Revenue is predicted to decrease by around 4% to $30.7 billion, according to consensus estimates, while earnings are anticipated to be about $1.10 per share.
Comcast (CMCSA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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