Walt Disney and Comcast, the two major theme park and media conglomerates, have recently released their latest quarterly earnings reports:
In this quarter, Disney's revenue was $22.3 billion, up 4% year-on-year, while net loss was $4.6 billion, while Comcast's overall revenue was $30.5 billion, up 1.7% year-on-year, while its net profit was $42.5 billion, up 25.1%.
Universal theme park revenue accounts for only 7% of Comcast's total revenue, while Disney's theme park-related business revenue accounts for up to 37% of its total revenue.
Both companies are continuing to focus on streaming services, and their traditional television businesses are shrinking.
CNN reported that Disney's international theme parks performed well, but almost all of its other business lines are struggling.
The Wall Street Journal pointed out that although Comcast's broadband customer growth has slowed down, the revenue of this business is still rising, and the group's overall profit is also continuing to grow. At the same time, the film business and theme park business have also provided important growth momentum for Comcast.
