NBCUniversal’s theme parks biz is on the up - The Hustle
The Hustle

NBCUniversal’s theme parks biz is on the up

A good theme park can help weather a recession and losses in streaming.

Singdhi Sokpo

Chances are, when you think about Comcast, the first thing that comes to mind probably isn’t a log flume.

But the telecom company has a hot theme parks business where revenue — which increased ~12% YoY to $2.1B in Q4 2022 — is far beyond even its pre-pandemic numbers, per Variety.

Today, Comcast’s NBCUniversal operates theme parks in the US, Tokyo, Singapore, and Beijing.

Theme parks are often regarded as recession-proof businesses. For companies like Comcast and Disney, they also provide cash that helps weather losses in their streaming units.

These conglomerates are also becoming increasingly good at monetizing visitors.

Last year, per capita spending at US Disney parks was up 40% from 2019.

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