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Universal revenue up as theme parks record earnings increase
POSTED 23 Jan 2020 . BY Tom Anstey
Universal revenue is up by roughly US$200m
Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan
– Brian Roberts
Revenue at Universal's theme parks has risen significantly in 2019, with year-end results showing 4.4 per cent to US$5.9bn (€5.3bn, £4.5bn).

Up from US$5.7bn (€5.1bn, £4.3bn) in 2018, the results reflect increases in guest spending and higher attendance at Universal's parks. Revenue increases were however offset by higher operating expenses, with adjusted EBITDA of US$2.5bn (€2.25bn, £1.9bn).

Revenue for the quarter was also up for Universal's theme parks division, rising 3.2 per cent to US$1.56bn (€1.41bn, £1.19bn) in 2019. Adjusted EBITDA decreased however by 4.5 per cent to US$636m, with the higher revenue affected by higher operating expenses.

“Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan,” said Brian Roberts, chair of Universal's parent company, Comcast. “We delivered strong operational and financial results in the fourth quarter, capping another great year for Comcast."

Overall, Comcast recorded an earnings increase of 13.6 per cent – US$34.2bn (€30.1bn, £26bn), with revenues of US$108.94bn (€98.44bn, £83.1bn) for 2019.
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Jobs   News   Products   Magazine
NEWS
Universal revenue up as theme parks record earnings increase
POSTED 23 Jan 2020 . BY Tom Anstey
Universal revenue is up by roughly US$200m
Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan
– Brian Roberts
Revenue at Universal's theme parks has risen significantly in 2019, with year-end results showing 4.4 per cent to US$5.9bn (€5.3bn, £4.5bn).

Up from US$5.7bn (€5.1bn, £4.3bn) in 2018, the results reflect increases in guest spending and higher attendance at Universal's parks. Revenue increases were however offset by higher operating expenses, with adjusted EBITDA of US$2.5bn (€2.25bn, £1.9bn).

Revenue for the quarter was also up for Universal's theme parks division, rising 3.2 per cent to US$1.56bn (€1.41bn, £1.19bn) in 2019. Adjusted EBITDA decreased however by 4.5 per cent to US$636m, with the higher revenue affected by higher operating expenses.

“Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan,” said Brian Roberts, chair of Universal's parent company, Comcast. “We delivered strong operational and financial results in the fourth quarter, capping another great year for Comcast."

Overall, Comcast recorded an earnings increase of 13.6 per cent – US$34.2bn (€30.1bn, £26bn), with revenues of US$108.94bn (€98.44bn, £83.1bn) for 2019.
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COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
FEATURED SUPPLIER

Global Solutions for Clothing creates award-winning costumes
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VIDEO GALLERY

Polin Waterparks & Pool Systems - Experience the experience
Have you ever wondered how the fun is created? Polin Waterparks is a global market leader in the design, manufacture and installation of waterparks and water play attractions. Find out more...
More videos:
Red Raion Showreel 2019 – Red Raion
Trailer Pinocchio - A Modern Tale VR – Red Raion
Trailer Aladdin - The Bachelor Party VR – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-25 Mar 2020

MuseumNext Europe

Edinburgh Festival Hub, Edinburgh,
23-25 Mar 2020

Dubai Entertainment Amusement and Leisure Exhibition (DEAL)

Dubai World Trade Centre, Dubai, United Arab Emirates
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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