Universal Japan and Hollywood's Wizarding World drive Q3 revenues up 60 per cent
by Tom Anstey | 26 Oct 2016
Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent
Universal has once again recorded strong performances in its latest earning report, with theme park revenues increasing 60.6 per cent to US$1.44bn (€1.31bn, £1.18bn) in the third quarter of 2016.
Primarily reflecting the inclusion of Universal Studios Japan following its majority acquisition last year and the continuing success of the new Wizarding World of Harry Potter attraction at Universal Hollywood, Universal’s theme parks income continues to mushroom in 2016.
As a result operating profit increased significantly, up 62.4 per cent to US$706m (€645m, £577m) for the quarter.
Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent to US$3.6bn (€3.3bn, £2.9bn) for revenue and 53.1 per cent in terms of operating cash flow, totalling US$1.55bn (€1.4bn, £1.3bn).
Universal’s parent company, Comcast, also reported an impressive third quarter, with revenue up 14.2 per cent from the previous year – a figure totalling US$21.3bn (€19.5bn, £17.4bn).
While Universal has been enjoying great success with its new attractions and acquisitions, the company is determined not to sit back. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with notable investments including the new Wizarding World of Harry Potter at Universal Hollywood, Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando. The company also has plans for a new Nintendo attraction in Japan which will dwarf its existing Harry Potter attractions.
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Universal has once again recorded strong performances in its latest earning report, with theme park revenues increasing 60.6 per cent to US$1.44bn (€1.31bn, £1.18bn) in the third quarter of 2016. Primarily reflecting the inclusion of Universal Studios Japan following its majority acquisition last year and the continuing success of the new Wizarding World of Harry Potter attraction at Universal Hollywood, Universal’s theme parks income continues to mushroom in 2016. As
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