Comcast’s (CMCSA) Universal Pictures’ Jurassic World Rebirth was a roaring box-office hit during the July 4 holiday weekend. The film topped box-office records in both domestic and global markets. According to Comscore (SCOR), the movie sold $91.5 million worth of tickets over the three-day holiday weekend in the U.S., and $147.3 million for the five days since its July 2 debut. Additionally, the film worked its magic worldwide, selling $171 million worth of tickets across 82 markets.
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Notably, the film opened at the number one spot in China, grossing $41.5 million during the weekend. The Jurassic flick also debuted at the top spot in the UK and Ireland, Mexico, Germany, South Korea, Spain, Australia, Thailand, and other markets. Since its debut on July 2, the film has grossed a massive $318.3 million worldwide. While Jurassic World Rebirth delivered a strong opening, its domestic debut was notably lower than previous Jurassic World films, including 2015’s Jurassic World and 2018’s Fallen Kingdom.
Dinosaur Roars Past F1 and Dragon at Domestic Box Office
The Scarlett Johansson-starring Jurassic World film beat Apple’s (AAPL) F1: The Movie and Comcast’s own Universal’s DreamWorks Animation release, How to Train Your Dragon. Notably, F1: The Movie took the second spot at the domestic box office this weekend, selling roughly $25 million in tickets, while How to Train Your Dragon movie sold $11 million during the weekend. Since its June 27 launch, F1: The Movie has grossed $109.5 million in domestic ticket sales. Meanwhile, How to Train Your Dragon has grossed $224 million since its debut on June 13.
Since the first Jurassic Park movie launched in 1993, the franchise has sold roughly $2.4 billion in domestic box office tickets and more than $6.3 billion in worldwide ticket sales. To date, the Jurassic World sequel has been the highest-grossing film of the franchise, earning $1.67 billion globally. It remains to be seen if the latest Jurassic sequel can surpass the 2015 sequel’s record.
Comcast, through its Universal Pictures division, competes directly with major film studios like Warner Bros Discovery (WBD) and The Walt Disney (DIS) for box-office dominance and franchise success in the global film industry. Meanwhile, audiences are eagerly awaiting Warner Bros.’ Superman and Paramount’s (PARA) Smurfs sequels.
Is CMCSA a Good Stock to Buy?
Analysts remain divided about Comcast’s long-term stock trajectory. On TipRanks, CMCSA stock has a Moderate Buy consensus rating based on eight Buys, nine Holds, and two Sell ratings. Also, the average Comcast price target of $39.16 implies 8.8% upside potential from current levels. Year-to-date, CMCSA stock has lost 1.5%.
