Comcast Q2 Revenue Misses Expectations Amid Studio and Theme Park Struggles

Peacock streaming service shows growth but loses subscribers; broadband and cable businesses face intensified competition.

Comcast's total revenue for Q2 fell to $29.69 billion, missing analyst estimates of $30.02 billion.
The studio division saw a 27% decline in revenue, impacted by fewer major movie releases compared to last year.
Theme park revenue dropped by 10.6% due to lower attendance, with the launch of Epic Universe delayed to 2025.
Peacock's revenue increased by 28% to $1 billion, though it lost 500,000 subscribers, ending the quarter with 33 million.
Comcast lost 120,000 broadband customers, but this was fewer than the anticipated 143,000 losses.