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Harry Potter drives success for Universal as Comcast records huge earnings for Q2
POSTED 27 Jul 2015 . BY Tom Anstey
Orlando’s Diagon Alley attraction has been a huge hit since its launch in 2014 Credit: Universal Orlando
Harry Potter has been a resounding success for Universal’s theme parks, after the boy wizard helped the company rake in millions of dollars in revenue for the first half of 2015.

Universal’s parent company Comcast, said as part of its Q2 earnings report that theme park revenue year-on-year for the quarter jumped 25.7 per cent to US$773m (€706m, £499m), an increase of US$158m (€137m, £96.8m) compared to 2014’s results.

Comcast attributed the sharp increase to high guest spend and attendance, driven by the roaring success of Orlando’s Wizarding World of Harry Potter – Diagon Alley attraction, which since opening in July 2014 has reportedly already paid off half its cost.

Operating cash flow for the company’s theme parks nearly doubled, jumping 44.9 per cent to US$354m (€323.3, £228.5m), compared to US$244m (€222.8m, £157.5m) in the same quarter last year.

Revenue for the first six months of 2015 jumped 29.2 per cent to US$1.4bn (€1.3bn, £904m), increasing from US$1.1bn (€1bn, £710m) for the same period in 2014.

Comcast executives said that despite the positive results, they don't expect to see the fast-paced momentum of Diagon Alley to continue now that the attraction is a year older, forecasting growth to slow with single digit returns in its next earning report.

Universal continues to invest in its theme parks, with plans for a ‘next-gen waterpark’ in Orlando, a King Kong ride at Islands of Adventure, a new Wizarding World in California and potential new theme parks worldwide. Universal also recently signed a deal with Nintendo for theme park rights.

RELATED STORIES
  Harry Potter goes Hollywood as Universal plans new Wizarding World in California for 2016


Hogwarts is on its way to California after Universal announced plans for its hugely successful Wizarding World of Harry Potter attraction to feature in its Hollywood theme park.
  Hogwarts Express makes Harry Potter Studio Tour debut


The Warner Brothers Studio Tour London – The Making of Harry Potter, has officially launched its new 20,000sq ft (1,858sq m) Platform 9 ¾ expansion, bringing the original Hogwarts Express back to its studio home for visitors to enjoy.
  Hogwarts Express coming to Harry Potter studio tour


The Warner Brothers Studio Tour London – The Making of Harry Potter, has announced it will unveil a 20,000sq ft (1,858sq m) expansion to include the original Hogwarts Express steam engine along with a recreation of Platform 9 3/4 .
  Universal Osaka on course to break attendance record as new Harry Potter attraction casts spell on visitors


USJ Co, the operator of Universal Studios Japan, has said the Osaka theme park is on course to break its annual attendance record, drawing more than 10 million visitors to the park since the beginning of its fiscal year in April 2014.
MORE NEWS
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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.
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NEWS
Harry Potter drives success for Universal as Comcast records huge earnings for Q2
POSTED 27 Jul 2015 . BY Tom Anstey
Orlando’s Diagon Alley attraction has been a huge hit since its launch in 2014 Credit: Universal Orlando
Harry Potter has been a resounding success for Universal’s theme parks, after the boy wizard helped the company rake in millions of dollars in revenue for the first half of 2015.

Universal’s parent company Comcast, said as part of its Q2 earnings report that theme park revenue year-on-year for the quarter jumped 25.7 per cent to US$773m (€706m, £499m), an increase of US$158m (€137m, £96.8m) compared to 2014’s results.

Comcast attributed the sharp increase to high guest spend and attendance, driven by the roaring success of Orlando’s Wizarding World of Harry Potter – Diagon Alley attraction, which since opening in July 2014 has reportedly already paid off half its cost.

Operating cash flow for the company’s theme parks nearly doubled, jumping 44.9 per cent to US$354m (€323.3, £228.5m), compared to US$244m (€222.8m, £157.5m) in the same quarter last year.

Revenue for the first six months of 2015 jumped 29.2 per cent to US$1.4bn (€1.3bn, £904m), increasing from US$1.1bn (€1bn, £710m) for the same period in 2014.

Comcast executives said that despite the positive results, they don't expect to see the fast-paced momentum of Diagon Alley to continue now that the attraction is a year older, forecasting growth to slow with single digit returns in its next earning report.

Universal continues to invest in its theme parks, with plans for a ‘next-gen waterpark’ in Orlando, a King Kong ride at Islands of Adventure, a new Wizarding World in California and potential new theme parks worldwide. Universal also recently signed a deal with Nintendo for theme park rights.

RELATED STORIES
Harry Potter goes Hollywood as Universal plans new Wizarding World in California for 2016


Hogwarts is on its way to California after Universal announced plans for its hugely successful Wizarding World of Harry Potter attraction to feature in its Hollywood theme park.
Hogwarts Express makes Harry Potter Studio Tour debut


The Warner Brothers Studio Tour London – The Making of Harry Potter, has officially launched its new 20,000sq ft (1,858sq m) Platform 9 ¾ expansion, bringing the original Hogwarts Express back to its studio home for visitors to enjoy.
Hogwarts Express coming to Harry Potter studio tour


The Warner Brothers Studio Tour London – The Making of Harry Potter, has announced it will unveil a 20,000sq ft (1,858sq m) expansion to include the original Hogwarts Express steam engine along with a recreation of Platform 9 3/4 .
Universal Osaka on course to break attendance record as new Harry Potter attraction casts spell on visitors


USJ Co, the operator of Universal Studios Japan, has said the Osaka theme park is on course to break its annual attendance record, drawing more than 10 million visitors to the park since the beginning of its fiscal year in April 2014.
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.
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COMPANY PROFILES
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [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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