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Disney’s Rival “Epic Universe” Sets Opening Date… Here's Why it Won’t Save Comcast’s Slumping Stock

By Stocks News   |   Oct 22, 2024 at 10:34 AM EST   |   Stock Market News
Disney’s Rival “Epic Universe” Sets Opening Date… Here's Why it Won’t Save Comcast’s Slumping Stock

Comcast just dropped some big news that has theme park fans bouncing off the walls like my son when he downs a pack of Sour Patch Kids: Epic Universe, its massive new park that has been forever in the making, is finally opening on May 22, 2025. It’s only two years behind schedule, but hey—better late than never, right. 

The tickets go on sale this week. So if you’ve been waiting your whole life to fling Koopa shells in Super Nintendo World or hang with dragons, it’s time to start booking your flights to Orlando. Or maybe just start Googling how much kidney donations go for these days, because theme park vacations aren’t exactly wallet friendly.

But, here’s the real question on everyone’s mind—especially Comcast investors: Will this long-awaited park finally turn things around for Comcast’s stock? Because, let’s face it, their stock has been swirling down the drain like the last sad bit of soda at the bottom of a Big Gulp cup—down 5% in the past year. 

First things first: Epic Universe isn’t just one simple theme park. This thing is huge. We’re talking five different lands with some of the biggest franchise names in Hollywood: The Wizarding World of Harry Potter, Super Nintendo World, How to Train Your Dragon, and something called Dark Universe (which sounds like the kind of place you take your goth friends for a good time).

Now, before we all get too carried away dreaming about real-life Mario Kart races, let’s remember that theme parks only made up about 8% of Comcast’s $121 Billion revenue last year. Sure, that’s not nothing, but it’s not like they’re banking their entire future on selling overpriced magic wands and Dragonburgers. 

But here’s where things get interesting: Epic Universe is set to be a huge draw. We’re talking about the first brand-new theme park in the U.S. in 25 years, which means it’s gonna attract swarms of people from across the globe— desperate to see what all the fuss is about.

More people equals more ticket sales, and more ticket sales equal… well, probably more long lines, but also a serious boost to Comcast’s bottom line. Universal’s other Orlando parks will also benefit, because once you’ve taken a selfie with Bowser and fought off a dragon, you might as well hit up the rest of the parks while you’re there. Comcast has been dangling that three-day ticket deal for a reason—it’s basically saying, “Hey, if you’re already here, why not stick around and spend a little more money?”

Although shares are down 5% over the last year, investors are cautiously optimistic that this theme park mega-project might help turn things around. Analysts are watching ticket prices, attendance, and, of course, how many churros… I mean, souvenirs people buy. And hey, if all goes according to plan, Comcast’s parks division could see a major cash influx, giving the stock the boost it desperately needs.

But, Epic Universe isn’t going to single-handedly save Comcast’s stock. Sure, it’s going to help. But Comcast’s issues go far beyond theme parks. The company’s streaming service is struggling to compete in a market where everyone and their grandma has a subscription platform, and cord-cutting is making their cable business feel like a relic from the Stone Age.

In other words, while Epic Universe might help bring in the dollars, it’s not exactly going to pull a Fast & Furious style rescue and drag Comcast’s entire business model out of the danger zone.

I’m gonna keep this quick. Our last alert spiked 203% in under four hours. And our next trade could drop any moment. If you want in on the action, click here to join the 2,000+ traders and become a Stocks.News Premium Member today.

Stock.News has positions in Comcast and Mondelez that are mentioned in the article. 

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