Comcast Ist Quarter Results

[agentj]

Not to bore with all the details, but Comcast reported Ist Quarter Theme Park Revenue up 14.5% and EBITA up 24.6 %.. They stated it was mainly due to increased revenue from HP Hollywood and Minion Park Japan plus Volcano Bay Orlando.

 

[gbird]

Decent 1st quarter results overall for the group which can only be a postive for us themepark fans, hopefully movement on other projects now F & F completed

 

[Mad Dog]

Yes, Comcast earnings beat street estimates. Interesting that during their conference call they mentioned about diverting future growth to the internet connections (which grew by about 350,000 in the quarter) and the theatrical division (Universal) to offset the loss of cable customers. That portends great things in the future for the Universal division of Comcast. The theme park numbers were very strong, helped somewhat by an early Easter (quoted by Comcast). Theme Park revenue for the quarter was $1.3 Billion. Universal parks have sure come far in the past few years (Japan ownership added helps too)

 

[quinnmac000]

I'm surprised they didn't mention that Universal Theatrical Group is currently is making serious profit in the the Broadway game with Mean Girls, Carousel, The Iceman Cometh, and Three Tall Women all overperforming as well. Maybe they will mention it next quarter.

 

[Happytycho]

The presentation has a few theme park related notes regarding capex:

1st Quarter 2018 Highlights
. . .
• NBCUniversal capex decreased 5.6% to $269MM

- Reflects timing of planned investment at Theme Parks
​

2018 Outlook
. . .
• Expect 2018 NBCUniversal capital expenditures to continue to increase, driven by investment in Theme Parks