Universal Box Office Sinks 95% in Q3 But ‘Trolls World Tour’ Lifts Home Entertainment 49%

Comcast’s revenue from its Universal theme parks fell 81% in the third quarter of 2020

Comcast reported third-quarter 2020 earnings Thursday, revealing a 37% decline in profit due to heavy losses at the box office and theme parks but a 49% increase in home entertainment revenue with the on-demand release of “Trolls World Tour,” which skipped theaters in March due to COVID-19.

The media giant’s theatrical arm was hit hard — as it has been across the board for companies amid the pandemic — with box office revenue falling 94.75%.

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Jennifer Maas

Jennifer Maas

TV Reporter • jennifer.maas@thewrap.com • @jmaas421