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Comcast Burdened by Covid-19’s Impact on Theme Parks

by Bioreports
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The coronavirus pandemic continued to pressure the finances of Comcast Corp., a cable and entertainment conglomerate whose theme-park business experienced an 81% revenue drop in the latest quarter.

The Philadelphia-based company, owner of Xfinity-branded services, the NBCUniversal media empire and the Sky television business, said third-quarter net profit fell 37% to $2.02 billion from $3.22 billion a year earlier. Revenue slipped 4.8% to $25.53 billion from $26.83 billion.

The…

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