Universal theme parks bounce back from 2018 attendance dip in latest financial results
Universal's four theme parks saw their third-quarter revenues increase by 6.8 per cent to US$1.6bn (€1.44bn, £1.25bn).
So far this year, Universal Parks & Resorts has accrued US$4.4bn (€3.97bn, £3.43bn) in revenues, an increase of 4.8 per cent on the same period in 2018. Owner Comcast said the primary cause of the figures was higher attendance this year compared to last, when severe weather and natural disasters in Japan negatively impacted attendance.
Adjusted EBITDA for Q3 and the first nine months of 2019 were US$731m (€659m, £569m) and US$1.8bn (€1.62bn, £1.4bn) ‒ respective increases of 0.9 per cent and 1.7 per cent.
Universal has theme parks in Orlando, Hollywood, and Singapore, with plans to open further parks over the next three years in Beijing, South Korea and Moscow.
Overall, Comcast, which also includes cable networks, broadcast TV, and filmed entertainment under brands such as NBC Universal and Sky, saw strong growth in its consolidated results for both Q3 and the year to date, with both periods showing revenue growth of more than 20 per cent.
Third quarter revenues were US$26.8bn (€24.16bn, £20.88bn), and 2019 to date revenues were US$80.5bn (€72.59bn, £62.72bn).
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