NBCU Studio, Parks Are Standouts In Comcast Q2; Peacock, At 24 Million Subscribers, Sees Losses Widen

deadline.com:

Media giant Comcast beat on its top and bottom line for the three months ended in June with theme parks and studio strong, even as the latter basks in another giant opening, for Opppenheimer, in the current third quarter.

Total revenue nosed up 1.7% to $30.5 billion for the second quarter ended in June. Net income jumped 25% to $4.28 billion. EPS of $1.02 compared with $0.76 the year earlier.

At studios, adjusted EBITDA (a profit metric Wall Street likes) surged by $258 million to $255 million driven by the The Super Mario Bros.

Movie, which grossed $1.3 billion in worldwide box office in the second quarter. Theme Parks adjusted EBITDA increased 32% to $833 million, its highest on record, reflecting year-on-year growth at Universal Beijing, Universal Japan and Universal Hollywood. “The consistent investments we’ve been making in our growth businesses continue to generate strong results and position us extremely well both now and into the future,” said CEO Brian Roberts. “Second quarter operational and financial performance was excellent and included a double-digit increase in Adjusted EPS and significant free cash flow generation,” he said, shouting out parks, Super Mario Bros., and nearly doubling paid Peacock subscribers year-over-year.