Universal theme parks report record revenues
by Tom Walker | 02 Nov 2022
Revenues across Universal theme parks increased by 42.1 per cent in Q3 2022 / 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 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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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
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