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NEWS
Universal theme parks report record revenues
POSTED 02 Nov 2022 . BY Tom Walker
Revenues across Universal theme parks increased by 42.1 per cent in Q3 2022 Credit: Shutterstock/Mia2you
Universal's theme parks saw revenues increase by more than 40 per cent during the third quarter of 2022
The figure comes from a financial statement of parent company Comcast, which released its Q3 earnings this week
According to Comcast, revenues in its theme park division for the three-month period ending 30 September increased by 42.1 per cent – from US$1.45bn to US$2.1bn
The results reflect increased attendance and guest spending at Universal parks in the US and Japan, compared to the prior year period
Universal's theme parks saw revenues increase by more than 40 per cent during the third quarter of 2022.

The figure comes from a financial statement of parent company Comcast, which released its Q3 earnings this week.

According to Comcast, revenues in its Universal theme park division for the three-month period ending 30 September increased by 42.1 per cent – from US$1.45bn to US$2.1bn.

The results reflect increased attendance and guest spending at Universal parks in the US and Japan, compared to the prior year period.

There was also an increase from the operations of Universal Beijing Resort, which opened in September 2021.

Theme Parks Adjusted EBITDA increased 88.6 per cent to US$819m during the period.

Comcast said: "For the nine months ended 30 September 2022, revenue from the Theme Parks segment increased 71.6 per cent to $5.4bn, primarily reflecting improved operating conditions compared to 2021, when each of our theme parks in the US and Japan was either operating at limited capacity or closed during certain periods as a result of COVID-19, as well as the operations of Universal Beijing Resort, which opened in September 2021.

"Adjusted EBITDA increased US$1.3bn to US$1.9bn, reflecting higher revenue, partially offset by higher operating expenses."
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Jobs    News   Products   Magazine
NEWS
Universal theme parks report record revenues
POSTED 02 Nov 2022 . BY Tom Walker
Revenues across Universal theme parks increased by 42.1 per cent in Q3 2022 Credit: Shutterstock/Mia2you
Universal's theme parks saw revenues increase by more than 40 per cent during the third quarter of 2022
The figure comes from a financial statement of parent company Comcast, which released its Q3 earnings this week
According to Comcast, revenues in its theme park division for the three-month period ending 30 September increased by 42.1 per cent – from US$1.45bn to US$2.1bn
The results reflect increased attendance and guest spending at Universal parks in the US and Japan, compared to the prior year period
Universal's theme parks saw revenues increase by more than 40 per cent during the third quarter of 2022.

The figure comes from a financial statement of parent company Comcast, which released its Q3 earnings this week.

According to Comcast, revenues in its Universal theme park division for the three-month period ending 30 September increased by 42.1 per cent – from US$1.45bn to US$2.1bn.

The results reflect increased attendance and guest spending at Universal parks in the US and Japan, compared to the prior year period.

There was also an increase from the operations of Universal Beijing Resort, which opened in September 2021.

Theme Parks Adjusted EBITDA increased 88.6 per cent to US$819m during the period.

Comcast said: "For the nine months ended 30 September 2022, revenue from the Theme Parks segment increased 71.6 per cent to $5.4bn, primarily reflecting improved operating conditions compared to 2021, when each of our theme parks in the US and Japan was either operating at limited capacity or closed during certain periods as a result of COVID-19, as well as the operations of Universal Beijing Resort, which opened in September 2021.

"Adjusted EBITDA increased US$1.3bn to US$1.9bn, reflecting higher revenue, partially offset by higher operating expenses."
RELATED STORIES
Universal's Epic Universe set to open in 2025


Building work on Universal's Epic Universe – a new theme park at the Universal Orlando Resort in Florida, US – is advancing and the park is set to open to visitors in 2025.
Universal Beijing Resort reveals expansion plans for second phase


Universal Beijing Resort in China is preparing to embark on the second phase of its construction programme.
North American and Japanese attractions dominate 2021 Thea Awards


North America and Japan-based visitor attractions and businesses picked up 14 of the 19 Thea Awards this year.
MORE NEWS
Alton Towers' iconic Nemesis coaster closes for major revamp
The famous Nemesis ride at UK theme park, Alton Towers, has closed for a major revamp.
Bob Iger's return to Disney sparks major restructuring focused on creativity and storytelling
Disney is set to undergo a "major restructuring" following the shock return of CEO Bob Iger.
Battersea Power Station's chimney experience whisks guests up 109m in a glass elevator
The highly anticipated chimney lift experience at the Battersea Power Station has opened to the public.
Eureka! tackles STEM with new Science + Discovery Centre
Eureka! Science + Discovery Centre in Seacombe, UK, has opened its doors to the public.
National Trust plans immersive experience at Bath Assembly Rooms
The National Trust has appointed design and build practice Sarner to create a new immersive visitor experience at the iconic Bath Assembly Rooms.
Digital art installation in Nanjing helps the public keep an eye on exoplanets
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+ More news   
 
COMPANY PROFILES
Alterface

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

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
FEATURED SUPPLIER

Behind the Scenes of IAAPA Expo 2022 with Michael Shelton
There is no place like IAAPA Expo, it’s the place to take in the most exciting sights, smells, tastes, and sensations that will take your career and attraction to new heights! The excitement, energy and opportunity are palpable. [more...]
VIDEO GALLERY

Red Raion Showreel 2021
Another year has passed, and we’re definitely happy with what we have accomplished in 2021! Find out more...
More videos:
Red Raion TV - Opening Event: FICO Eataly World – Red Raion
Keynote | Moby Dick - Friends to the rescue! – Red Raion
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

01-07 Dec 2022

World Leisure Congress 2022

tbc, Dunedin, New Zealand
05-07 Dec 2022

East Cape Futures

Hotel Palmas de Cortez, Los Barriles, Mexico
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

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