Comcast Reports Record Q4 Earnings Driven by Epic Universe

Comcast reported Q4 2025 earnings showing the Theme Parks segment hit $2.893 billion in revenue, up 21.9% year-over-year. Quarterly EBITDA crossed the billion-dollar mark for the first time at $1.035 billion, an increase of 23.5%.

For the full year 2025, theme park revenue reached $9.836 billion, a 14.2% increase. Comcast said it "couldn't be more pleased" with Epic Universe's performance, though executives confirmed the park is still operating below full capacity.

The company aims to reach full-capacity operations by the end of 2026, once ride reliability improves and operational efficiency increases. The results validate Universal's massive investment in Epic Universe and set the stage for continued growth.