Streaming platform Peacock has grown a lot in the last year and hit 24 million paid subscribers in Q2 2023 (up from 13 million in the same period last year). The animated feature was a major box-office success and also a key driver for the company’s studio business this quarter it has earned US$1.3 billion worldwide to date and is one of the highest-grossing animated films of all time. Healthy ticket sales for this pic and Fast X were offset by lower content licensing revenue (down almost 20% to US$1.8 billion).Ĭomcast’s Q2 ran from the beginning of April to June 30, and The Super Mario Bros. On the content side of things, studio revenue was mostly flat this quarter, dropping by just 0.9% to US$3 billion on the strength of higher theatrical revenue from recent releases including The Super Mario Bros. Looking forward, Universal is building a new Orlando theme park called Epic Universe that’s set to open in 2025, and Comcast is “really bullish” on the future success of its parks business in general, said CEO Brian Roberts in the Q2 earnings call, yesterday. And Universal Studios parks in Beijing, Japan and Hollywood did the heaviest lifting towards reaching this lofty result. The company noted that the adjusted EBITDA of its theme parks in Q2, at US$833 million (up 32%), is its highest on record. And Universal Studios Hollywood generated more revenue from a Super Nintendo World themed area that opened in Q1. Higher revenue from its international parks, which were hit with pandemic-related restrictions in Q2 2022, contributed significantly to this spike. The company’s biggest lift came from theme parks, which climbed 22% to US$2.2 billion. Comcast’s revenue was up 1.7% to US$30.5 billion in Q2 compared to the year before, driven by the success of its theme park business and The Super Mario Bros.
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