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NEWS
Universal theme parks break US$1bn barrier in first quarter with staggering results
POSTED 29 Apr 2016 . BY Tom Anstey
Universal has smashed expectations with a staggering 57.5 per cent jump in theme park revenues
Prior to its acquisition of DreamWorks on 28 April, Comcast released its financial results for the first quarter of 2016, with its theme park division smashing expectations through a staggering 57.5 per cent jump in theme park revenues.

In Q1, Universal’s theme parks drew US$1.02bn (€901m, £701m) in revenue, up from US$651m (€575.3m, £447.3m) with operating cash flow for theme parks also jumping 53.6 per cent to US$375m (€331m, £257.7m), up from US$244m (€215.6m, £167.7m) in Q1 2015.

It’s been a busy period for Universal, with the opening of its new Harry Potter attraction at Universal Studios Hollywood and the acquisition of majority ownership of Universal Studios Japan, which the company acquired in late 2015.

Overall, Comcast reported a 5.3 per cent revenue increase to US$18.7bn (€16.5bn, £12.8bn) for the quarter, a rise from US$17.8bn (€15.7bn, £12.2bn) for the same period in 2015.

While Universal has been enjoying great success with its new attractions, the company is not resting on its laurels. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with upcoming notable investments including Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando.

RELATED STORIES
  Comcast acquires DreamWorks as theme park giants battle for top IPs


With Comcast confirming the US$3.8bn (€3.4bn, £2.6bn) acquisition of DreamWorks, sources close to the deal say the move isn’t about acquiring its famous IPs to produce movies, rather to boost its theme park businesses and accelerate consumer products.
  Harry Potter’s magic spell yields Universal US$1bn in latest earnings report


The ongoing success of Harry Potter, in addition to Universal’s increased stake in Universal Studios Japan, has resulted in strong earnings of more than US$1bn (€896m, £683m) for parent company Comcast in its latest earnings report.
  Harry Potter drives attendance as Universal racks up record numbers for Q3


Universal has continued its theme park growth spearheaded by Harry Potter, with parent company Comcast reporting record attendance at its theme parks in Orlando and California.
  Comcast to purchase US$1.5bn majority stake in Universal Studios Japan


Comcast is set to make its largest purchase outside of the US when the entertainment conglomerate buys a majority stake in Universal Studios Japan for US$1.5bn (€1.3bn, £988m).
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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NEWS
Universal theme parks break US$1bn barrier in first quarter with staggering results
POSTED 29 Apr 2016 . BY Tom Anstey
Universal has smashed expectations with a staggering 57.5 per cent jump in theme park revenues
Prior to its acquisition of DreamWorks on 28 April, Comcast released its financial results for the first quarter of 2016, with its theme park division smashing expectations through a staggering 57.5 per cent jump in theme park revenues.

In Q1, Universal’s theme parks drew US$1.02bn (€901m, £701m) in revenue, up from US$651m (€575.3m, £447.3m) with operating cash flow for theme parks also jumping 53.6 per cent to US$375m (€331m, £257.7m), up from US$244m (€215.6m, £167.7m) in Q1 2015.

It’s been a busy period for Universal, with the opening of its new Harry Potter attraction at Universal Studios Hollywood and the acquisition of majority ownership of Universal Studios Japan, which the company acquired in late 2015.

Overall, Comcast reported a 5.3 per cent revenue increase to US$18.7bn (€16.5bn, £12.8bn) for the quarter, a rise from US$17.8bn (€15.7bn, £12.2bn) for the same period in 2015.

While Universal has been enjoying great success with its new attractions, the company is not resting on its laurels. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with upcoming notable investments including Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando.

RELATED STORIES
Comcast acquires DreamWorks as theme park giants battle for top IPs


With Comcast confirming the US$3.8bn (€3.4bn, £2.6bn) acquisition of DreamWorks, sources close to the deal say the move isn’t about acquiring its famous IPs to produce movies, rather to boost its theme park businesses and accelerate consumer products.
Harry Potter’s magic spell yields Universal US$1bn in latest earnings report


The ongoing success of Harry Potter, in addition to Universal’s increased stake in Universal Studios Japan, has resulted in strong earnings of more than US$1bn (€896m, £683m) for parent company Comcast in its latest earnings report.
Harry Potter drives attendance as Universal racks up record numbers for Q3


Universal has continued its theme park growth spearheaded by Harry Potter, with parent company Comcast reporting record attendance at its theme parks in Orlando and California.
Comcast to purchase US$1.5bn majority stake in Universal Studios Japan


Comcast is set to make its largest purchase outside of the US when the entertainment conglomerate buys a majority stake in Universal Studios Japan for US$1.5bn (€1.3bn, £988m).
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
iPlayCO

iPlayCo was established in 1999. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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