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- 'Epic' boost drives Comcast's quarterly results</p>
<p>Harshita Mary VargheseJuly 31, 2025 at 7:08 PM</p>
<p>By Harshita Mary Varghese</p>
<p>(Reuters) -Comcast topped estimates for quarterly revenue and profit on Thursday, driven by a surge in theme park attendance sparked by the May debut of "Epic Universe", growth in its domestic wireless business and a spike in streaming revenue.</p>
<p>The Central Florida attraction boosted theme park revenue by nearly 19% in the second quarter, to $2.35 billion, even though it was open for about one month into the reporting period.</p>
<p>The park, which represents an estimated $7 billion investment, is one of the six areas that will contribute to Comcast's growth.</p>
<p>The company's shares were up 3% in early trading.</p>
<p>The live-action remake of the DreamWorks animated movie "How to Train Your Dragon" generated around $600 million in global box office, lifting the studio's April-to-June revenue by 8%.</p>
<p>The Peacock streaming service reported revenue of $1.23 billion, a nearly 18% improvement, reflecting price hikes implemented in July 2024.</p>
<p>Peacock maintained its total paid subscriber base of 41 million, thanks to hit shows such as the reality dating competition "Love Island USA". Losses at the division narrowed to $101 million, from $348 million a year earlier.</p>
<p>Comcast is positioning the launch of NBA basketball games later this year as a major driver for subscriber growth at Peacock.</p>
<p>Overall, Comcast reported revenue of $30.31 billion, narrowly beating the estimates of $29.81 billion, according to data compiled by LSEG.</p>
<p>On an adjusted basis, the company earned $1.25 per share, compared with estimates of $1.18.</p>
<p>The company added 378,000 new wireless phone customers, its highest ever quarterly additions.</p>
<p>Comcast, which houses the Xfinity-brand of internet and cable services, shed 226,000 broadband customers in the second quarter, fewer than the 255,000 losses forecast by FactSet.</p>
<p>"For Comcast, there are encouraging signs, but it will take time and has taken much longer to implement a complete revamp of its broadband service," said PP Foresight analyst Paolo Pescatore.</p>
<p>To offset the ongoing broadband losses, Comcast has offered simplified all-inclusive packages that combine home internet, mobile and entertainment services.</p>
<p>Comcast said roughly half of new internet customers are choosing its five-year price lock guarantee.</p>
<p>(Reporting by Harshita Mary Varghese in Bengaluru and Dawn Chmielewski in Los Angeles; Editing by Sriraj Kalluvila)</p>
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