Universal Orlando Resort Celebrates Grand Opening of Much-Anticipated Fourth Theme Park, Universal Epic Universe

Fireworks during the opening of Epic Universe in Orlando Florida, May 21, 2025 (Gerardo Mora/Getty Images)

Love Island USA

Comcast pops after strong Q2 fueled by Peacock and theme parks

The media giant’s quarter came down to three things: thrills, “Love Island,” and live events.

7/31/25 10:33AM

Comcast shares rose as much as 5% Thursday after the media and cable giant delivered above expectations in its Q2 results.

Adjusted earnings per share hit $1.25, beating Wall Street’s $1.16 estimate. Revenue clocked in at $30.3 billion, also topping forecasts. Comcast didn’t offer specific forward guidance.

The star of the quarter? Universal’s new Epic Universe theme park in Orlando, which officially opened its doors on May 22. It’s Comcast’s largest-ever park investment and biggest launch since The Wizarding World of Harry Potter. The park helped drive a 6% jump in revenue for the company’s Content & Experiences segment and cast a halo on performance at its flagship Universal Orlando Resort.

“We are extremely proud of the successful opening of Epic Universe in May,” company execs said on the earnings call. “We’re pleased with the early results as Epic is already driving higher per cap spending and attendance across the entirety of Universal Orlando Resort.”

Peacock also pulled its weight, with revenue up over 20% year over year. The streamer held steady at 41 million paid subscribers, thanks in part to a buzzworthy new season of its US “Love Island.” Comcast called its latest ad upfront “our most successful ever,” citing record sales and major 2026 events on deck, including Super Bowl LX and the NBA All-Star Game.

The studio division got a shout-out, too: Universal’s live-action reboot of “How to Train Your Dragon” has pulled in over $600 million globally since its June 13 debut. As a result, the franchise is now officially past the $2 billion mark.

Comcast shares are down over 11% year to date.

Nia Warfield, Luke Kawa

15h

S&P 500 closes at record as tech heavyweights flex (besides Apple)

The Magnificent 7 did the heavy lifting, performing better than any S&P 500 sector ETF on Tuesday.

Matt Phillips

16h

Oracle rips as backlog builds, but company misses on top and bottom lines

Oracle shares shot higher after-hours as the company reported a growing backlog, even though its fiscal Q1 results fell slightly short of expectations. The company reported:

Adjusted earnings per share of $1.47 vs. expectations of $1.48.
Revenue of $14.93 billion vs. expectations of $15.04 billion.

Shares were up 21% in after-hours trading, which is a pretty crazy stock move for a company with a market cap of more than $675 billion.

The market was likely impressed by a giant build in the company’s “remaining performance obligations,” or RPO, which is how the company measures the value of signed cloud computing deals that haven’t yet been reported as revenue. In a statement, CEO Safra Catz said:

“We signed four multi-billion-dollar contracts with three different customers in Q1. This resulted in RPO contract backlog increasing 359% to $455 billion. It was an astonishing quarter — and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars.”

Oracle Announces Fiscal Year 2026 First Quarter Financial Results

“We signed four multi-billion-dollar contracts with three different customers in Q1. This resulted in RPO contract backlog increasing 359% to $455 billion. It was an astonishing quarter — and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars.”

Matt Phillips

16h

Robinhood rides index inclusion rally to record close

Robinhood Markets notched a new closing high Tuesday, as the crypto, stock, and options brokerage continued to ride a rally set off by the announcement that it would be added to the S&P 500 Index.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Robinhood appears to be benefiting from the so-called inclusion effect, a market phenomenon where companies that are added to major market indexes can see a price move as index funds — whose holdings must mirror the membership of the index — rush to buy the stock.

For what it’s worth, it seems like Robinhood will upon entry (effective prior to the market open on September 22) be the top-performing member of the index, as its roughly 220% gain this year is more or less double that of the current leader, Seagate Technology Holdings.

Luke Kawa

16h

GameStop posts impressive Q2 results with big sales beat

Don’t call it a comeback!

GameStop is jumping aftermarket as the video games and collectibles retailer posted an impressive set of second-quarter results.

Net sales: $972 million (estimate $823 million).
Adjusted diluted earnings per share: $0.25 (estimate $0.16).

Note: these consensus estimates, compiled by Bloomberg, are from only two analysts.

The sales beat is particularly noteworthy, as the company had already done an exemplary job of expense control to help protect its bottom line. Revenues were up more than 20% versus the year-ago quarter, the biggest annual jump in sales since the company (and the world) was emerging from the pandemic in 2021.

The options market implies a move of plus or minus about 9.4% on earnings.

For a while, GameStop’s ability to generate positive net income was purely a function of the interest earnings on its substantial cash hoard. But now, GameStop has strung together five consecutive quarters of positive operating cash flows for the first time in its history!

This was the quarter when the company began to act on its bitcoin treasury strategy, raising money through the sale of convertible notes and using some proceeds to purchase the crypto asset.

Because of how much market value has been ascribed to potential for GameStop CEO Ryan Cohen to use its significant cash holdings to transform the company, the prospect of converting cash into bitcoin initially did not sit too well with investors following the announcement of this new strategic push in March.

Shares of the once-upon-a-time meme stock really didn’t get too much love during retail frenzies earlier in the summer, and were down about 25% year to date heading into this release.

As of the close of the quarter, its bitcoin holdings were valued at $528.6 million.

Western Digital Seagate Technology Rise to top of S&P 500

Data storage is so hot right now

A rapid turnaround in profitability helps explain how Seagate Technology and Western Digital have clawed to the top of the S&P 500 this year.

Matt Phillips18h