Comcast Reports Second-Quarter 2026 Results
“Hiccup’s Wing Gliders” roller coaster in the “How to Train Your Dragon – Isle of Berk” themed area at Universal Epic Universe.
© Photo: Universal Epic Universe 2025. All rights reserved.
(eap) “Second quarter results show continued progress against our strategic priorities […],” said Brian L. Roberts and Mike Cavanagh, Co-CEOs of Comcast Corporation, whose Content & Experiences business also includes the Universal theme parks.
The second quarter of the current 2026 financial year ended on 30 June, with Comcast officially announcing the results yesterday. For comparison purposes, the prior-year figures were adjusted to reflect the segment structure in place since the first quarter of 2026. Among other changes, the historical results of the now spun-off US cable network group Versant were excluded from the Media segment of the Content & Experiences business.
Total revenue in the Content & Experiences business increased by 22.9 percent year-on-year, or around USD 2 billion (approx. EUR 1.75 billion). According to Comcast, this result was primarily driven by the Media segment, which included USD 440 million of incremental revenue from the FIFA World Cup. Adjusted EBITDA attributable to Content & Experiences amounted to USD 1.33 billion (approx. EUR 1.17 billion) and increased primarily due to growth in Studios and Media, partially offset by a decline of the adjusted EBITDA in Theme Parks. In the prior-year period, adjusted EBITDA for the business amounted to USD 1.24 billion (approx. EUR 1.09 billion).
The year-on-year increase in Theme Parks revenue was primarily attributable to higher revenue at the Universal theme parks in Orlando, driven by the successful opening of Epic Universe in May 2025. Revenue for the Theme Parks segment amounted to USD 2.41 billion (approx. EUR 2.12 billion) in the recently completed second quarter of 2026, compared with USD 2.35 billion (approx. EUR 2.06 billion) in the prior-year period. This growth was partially offset by lower revenue at the international parks, while adjusted EBITDA for Theme Parks declined from USD 641 million (approx. EUR 563 million) to USD 609 million (approx. EUR 535 million). According to Comcast, this development also reflected higher operating expenses, particularly increased operating costs associated with its domestic theme parks.
“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 […],” Comcast stated. ■
