Comcast’s NBC Universal Books Huge Sales Declines Across Its Parks, Film, and Cable Divisions

The pandemic-influenced selling months of May, April, and June brought intense pressure to Comcast's (NASDAQ: CMCSA) NBC Universal division. The unit, which is home to Universal Studios theme parks, the Comcast cable broadcasting service, and the studios that churn out film releases, endured a 25% revenue decline as COVID-19 shelter-in-place mandates pressured each of these businesses. The cable segment saw sales fall 15%, while revenue dropped 18% at the film division and plunged by 94% in the theme park unit.