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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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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
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
Sally Corporation

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

iPlayCo was established in 1999. [more...]
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
+ More profiles  
FEATURED SUPPLIER

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A buoyant EAG International has welcomed in the new decade as a well-rounded event with high levels of optimism and positivity on the show floor. [more...]
VIDEO GALLERY

instantprint - Online Print Made Easy!
We're the only online printing company who really gets your business. Find out more...
More videos:
Red Raion Showreel 2019 – Red Raion
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CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

06-08 Apr 2020

World Travel Market Africa

Cape Town International Convention Centre, Cape Town, South Africa
08 Oct 2020

VAC 2020 (The Annual National Conference of Visitor Attractions)

Queen Elizabeth II Conference Centre, London, United Kingdom
+ More diary  
 


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

©Cybertrek 2020

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