“Robust consumer demand” for Epic Universe theme park helped propel revenue of Comcast’s content and experience group by 24.2% for its first financial quarter, executives said Thursday.
The company’s global theme parks, including the attractions at Universal Orlando, made $2.44 billion in the January-March 2026 period, up from $1.88 billion in the same quarter of 2025. Epic opened to the public in May 2025.
“Orlando continues to perform extremely well with Epic driving strong resort attendance and higher per cap spending,” Mike Cavanaugh, Co-CEO of Comcast, said during a conference call with market analysts.
The 21.6% increase in operating expenses was attributed primarily to operating costs ahead of Epic’s debut.
Attendance figures and individual park results were not announced. The idea of expansion at Epic was not directly addressed.
“We love that business, and we’ll allocate, you know, recycle the capital they create back into the business over time to keep growing that business and creating value above our cost of capital,” Cavanaugh said.
Universal’s park in the UK is progressing through planning approvals “as site stabilization begins,” he said.
At Universal Studios Japan in Osaka, Comcast is “seeing some impact from China-related inbound travel trends, which is putting pressure on attendance,” said Jason Armstrong, chief financial officer.
Domestically, “we haven’t yet seen any significant impact in the parks business caused by higher oil,” Cavanaugh said.
“That does not mean that it may not happen, depending on the duration of the effect on price of gas and the like and plane airline tickets and so forth,” he said. “We’ll see what the coming quarters look like.”
A nod to the ’90s: Flashing back with Orlando theme parks
Comcast’s business includes Orlando-based Universal Destinations & Experiences, as well as NBC and Telemundo broadcasters, Peacock streaming services, film studios as well as broadband, wireless and satellite providers.
Thursday’s conference call touted the performance of its media outlets during a “Legendary February” in which it aired the Winter Olympics, Super Bowl and NBA All-Star Game. Cavanaugh said it had record advertising sales of about $2 billion in 17 days, which helped “accelerate momentum” at Peacock, which added 2 million subscribers in the quarter.
The streamer is on track to reach profitability for the first time next quarter, he said.
Media revenue for the quarter was $7.28 billion, a year-to-year increase of 60%. Comcast’s overall revenue for the quarter was $31.46 billion, an increase of 5.3%.