Comcast misses quarterly revenue estimates on weak studio, theme park business

FILE PHOTO: Small toy figures with laptops and smartphones are seen in front of displayed Comcast logo, in this illustration taken December 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Comcast missed estimates for second-quarter revenue on Tuesday as the U.S. telecom and media firm had fewer movie releases during the period, while attendance at its theme parks stayed low, sending its shares down 5%.

The company had little to offer in the April-June quarter to match the success of last year's "The Super Mario Bros. Movie" and "Fast X" as it lined up most of its big-ticket movies such as the fourth installment in the hit animated franchise "Despicable Me" and the disaster movie "Twisters" for July release.