Universal parent company Comcast has released its financial results for the quarter ended 30 June, reporting "near-term softness" in its theme parks segment.
Revenue for Universal's theme parks was $2.4 billion in the quarter, a 2.7 percent increase from the same period in 2025.
This was primarily due to higher revenue at Universal's Orlando theme parks driven by the opening of Epic Universe last year, but partially offset by lower revenue at its international parks.
Adjusted EBITDA for Universal's parks decreased by 5.1 percent from the previous year, reflecting higher operating expenses, which more than offset higher revenue.
Celestial Park is the cosmic heart of the new Epic Universe theme park at Universal Orlando Resort
In a statement, Brian Roberts and Mike Cavanagh, co-CEOs of Comcast Corporation, said: "While we are seeing some near-term softness in theme parks, we remain confident in the long-term opportunity, supported by our world-class brands, attractive locations and proven ability to create attractions and experiences that drive real consumer demand."
In an earnings call, Cavanagh said the operating environment for Universal theme parks "has softened more than we anticipated".
He added: "We have great brands, great locations, and a proven playbook for investing behind attractions and experiences that create real consumer demand and strong returns.
"With Universal Kids Resort now open in Frisco and our UK park moving toward construction, we continue to see a long runway for growth."
"A long runway for growth"
Last month, Comcast announced plans to divide into two independent publicly traded companies by spinning off NBCUniversal and Sky.
The move will separate Comcast's media and entertainment business from its broadband and wireless business, creating two focused industry leaders.
NBCUniversal will include the company's theme parks division, Universal film and TV studios, NBC and Telemundo networks, Peacock, Bravo, and Sky.
The separation is expected to be completed in about a year.
Images courtesy of Comcast
