Olympics and Super Bowl Boost Comcast Q1 Revenue Despite $456 Million Peacock Loss

thewrap.com:

our new joint venture with Charter. This partnership demonstrates the benefits of our focus on innovation and enables us to bring entertainment aggregation and streaming products that run off our global technology platform to millions more customers.”NBCUniversal’s revenue in particular went up 46.6% to $10.3 billion quarter over quarter, but even excluding the Super Bowl and Olympics, the media unit still saw a growth of 36.3%, the studios unit went up 15.1%, and theme parks skyrocketed quarter over quarter 151.9% due to the parks operating at a lower capacity due to COVID.

It reported $1.56 billion revenue from the various theme parks, which included the opening of the Universal Beijing Resort in China.

Studios revenue increased 15.1% to $2.8 billion in the first quarter of 2022. On the theatrical end, Universal Pictures’ “Sing 2” opened at the very tail end of last quarter but saw a solid chunk of its $405 million global box office come from money it brought in during 2022.

Universal also released “The 355” ($14.5 million domestic) and “Redeeming Love” ($9.2 million domestic), as well as the Jennifer Lopez rom-com “Marry Me,” which made $22.4 million domestic but also opened theatrically on the same day it did on Peacock.