Overview
- On Oct. 22, Comcast said Theme Parks revenue fell 4.4% year‑over‑year to $2.597 billion and Adjusted EBITDA dropped 17.1% to $780 million for Q3 2026.
- Comcast attributed the revenue decline mainly to lower park admissions, noting that heavier promotional activity has reduced ticket revenue.
- Executives acknowledged that Epic Universe’s technologically complex attractions have caused capacity and ride throughput problems that limited how many guests the park could serve.
- Universal is moving quickly to respond with new commercial leaders, expanded Florida resident and three‑park offers, increased media investment, and operational fixes aimed at faster loading and greater attraction reliability.
- Management said softness should continue into early 2027 with a return to growth in the second half of 2027 and also flagged persistent weakness at Universal Studios Japan tied to reduced travel from China while Comcast prepares a mid‑2027 corporate split that could shift investor focus on the parks.