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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
London Museum makes destination dining part of the attraction
London Museum will open four new food and drink destinations when it launches its new home at Smithfield on 28 November, making hospitality a central part of the visitor experience at one of the capital's biggest cultural openings of the year.
OMA completes New Museum transformation with landmark expansion and Oberon restaurant
OMA has completed a major transformation of New York's New Museum, creating a larger cultural campus that combines expanded exhibition spaces with learning, performance, hospitality and public programming.
David Rockwell creates immersive magic destination, The Hand and The Eye
A US$50 million (£44.2 million, €51.2 million) transformation of Chicago's historic McCormick Mansion has created a new destination that combines live magic, immersive theatre, dining and private membership under one roof.
Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
+ More news   
LATEST JOBS
General Manager, The Needles
Heritage Great Britain
Salary: c£70,000pa + benefits + relocation support
Job location: Isle of Wight , United Kingdom
+ More jobs  

COMPANY PROFILES
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
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23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
28-29 Sep 2026

Wellness Destination AI Tech Summit – Tourism, Hospitality & Real Estate, 28-29 Sept 2026

Grand Ballroom, METT Singapore, Singapore
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Jobs    News   Products   Magazine   Subscribe
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
London Museum makes destination dining part of the attraction
London Museum will open four new food and drink destinations when it launches its new home at Smithfield on 28 November, making hospitality a central part of the visitor experience at one of the capital's biggest cultural openings of the year.
OMA completes New Museum transformation with landmark expansion and Oberon restaurant
OMA has completed a major transformation of New York's New Museum, creating a larger cultural campus that combines expanded exhibition spaces with learning, performance, hospitality and public programming.
David Rockwell creates immersive magic destination, The Hand and The Eye
A US$50 million (£44.2 million, €51.2 million) transformation of Chicago's historic McCormick Mansion has created a new destination that combines live magic, immersive theatre, dining and private membership under one roof.
Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
Universal launches new theme park model with Kids Resort
Universal Destinations and Experiences has launched a new regional theme park model with the opening of Universal Kids Resort in Frisco, Texas.
San Antonio Zoo reports $283 million economic impact as expansion plans progress
San Antonio Zoo has reported a US$283 million economic impact for 2025, following a decade- long transformation programme that has seen almost US$200 million invested into the Texas attraction.
+ More news   
 
COMPANY PROFILES
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
28-29 Sep 2026

Wellness Destination AI Tech Summit – Tourism, Hospitality & Real Estate, 28-29 Sept 2026

Grand Ballroom, METT Singapore, Singapore
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2026

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