Theme parks – both Universal and Disney — have seen a succession of softer quarters following a post-Covid surge but NBCUniversal parent Comcast sees that turning around by next summer.
Lower attendance at domestic parks followed “a pull-forward of demand in 2022 and 2023, which were record years for the theme parks, as well as the new attraction pipeline, which is light this year” but set to jump by the second quarter of 2025.
That’s “when we begin to lap this year, and Epic Universe opens,” said Comcast President Mike Cavanagh on a call with analysts after reporting its latest financials.
The park will rack up about $150 million in pre-opening costs split between the current fourth quarter and the first. “We are seeing great demand in early days since we announced opening day,” he said.
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