Overview
- Comcast told investors on July 23 that attendance across the broader Orlando market began softening in June and stayed pressured into the third quarter.
- The parks segment posted roughly $2.413 billion in Q2 revenue, up about 2.7 percent, while adjusted EBITDA fell to $609 million, down about 5.1 percent.
- Company executives said Epic Universe is performing as expected and driving higher per-capita spending but declined to provide park-by-park attendance figures.
- Independent posted wait-time analyses for Walt Disney World in June and July showed unusually low waits, which industry trackers say supports the view of a market-wide slowdown.
- Comcast attributed the near-term weakness to higher fuel and travel costs, weaker consumer sentiment and China-related limits on travel to Japan, and said it will monitor Q3 while pursuing long-term projects in Texas and the U.K.