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NEWS
Universal theme parks continue to impress for Comcast in Q1 earnings report
POSTED 27 Apr 2017 . BY Tom Anstey
Universal’s parks continue to do exceptionally well for Comcast, with revenue growing around 150 per cent between 2011 and 2016 Credit: shutterstock.com
Universal’s theme parks continue to act a growth driver for parent company Comcast, after the company recorded revenue increases of 9 per cent to US$1.1bn (€1bn, £853m) in the first quarter of 2017.

For the quarter, Universal’s theme parks drew a profit of US$397m (€364m, £307.8m) – a 6.1 per cent increase on last year’s figures.

Continued growth in the company’s theme park business thanks to continued investment and the 100 per cent purchase of Universal Studios Japan in late 2015 gave strength to the rise, which is particularly impressive considering the spring break period – which traditionally falls in the first quarter – fell outside of the first three months of the year.

Universal’s parks continue to do exceptionally well for Comcast, with revenue growing around 150 per cent between 2011 and 2016, thanks in large part to the addition of Harry Potter attractions at Universal attractions, which have been a huge draw for visitors.

The parks division was so successful in 2016 that it contributed more profit to the company than Universal’s film and broadcast unit.

As part of its investment programme, Universal is currently planning to create Nintendo attractions starting at Universal Japan, while the debut of Volcano Bay in Orlando is also imminent, with an opening date set for next month.

Last year the company broke ground on its US$7.4bn (€6.9bn £5.9bn) Chinese venture – its largest ever theme park project.
RELATED STORIES
  Universal Japan records third record-breaking year in a row


Universal Studios Japan welcomed almost 15m visitors last year, an increase of 700,000 on the previous year.
  Merlin could pull plug on Shrek’s Adventure roll out


It’s almost a year since Universal’s parent company Comcast acquired DreamWorks, and now Merlin Entertainments boss Nick Varney has to decide what to do with its Shrek’s Adventure midway.
  Mark Woodbury named vice chair of Universal's parks and resorts division


Universal Studios has named Mark Woodbury to the newly created role of vice chair of Parks and Resorts, with Woodbury also continuing to serve in his existing role as president of Universal Creative.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
+ More news   

COMPANY PROFILES
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
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Get Attractions Management digital magazine FREE
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Jobs    News   Products   Magazine   Subscribe
NEWS
Universal theme parks continue to impress for Comcast in Q1 earnings report
POSTED 27 Apr 2017 . BY Tom Anstey
Universal’s parks continue to do exceptionally well for Comcast, with revenue growing around 150 per cent between 2011 and 2016 Credit: shutterstock.com
Universal’s theme parks continue to act a growth driver for parent company Comcast, after the company recorded revenue increases of 9 per cent to US$1.1bn (€1bn, £853m) in the first quarter of 2017.

For the quarter, Universal’s theme parks drew a profit of US$397m (€364m, £307.8m) – a 6.1 per cent increase on last year’s figures.

Continued growth in the company’s theme park business thanks to continued investment and the 100 per cent purchase of Universal Studios Japan in late 2015 gave strength to the rise, which is particularly impressive considering the spring break period – which traditionally falls in the first quarter – fell outside of the first three months of the year.

Universal’s parks continue to do exceptionally well for Comcast, with revenue growing around 150 per cent between 2011 and 2016, thanks in large part to the addition of Harry Potter attractions at Universal attractions, which have been a huge draw for visitors.

The parks division was so successful in 2016 that it contributed more profit to the company than Universal’s film and broadcast unit.

As part of its investment programme, Universal is currently planning to create Nintendo attractions starting at Universal Japan, while the debut of Volcano Bay in Orlando is also imminent, with an opening date set for next month.

Last year the company broke ground on its US$7.4bn (€6.9bn £5.9bn) Chinese venture – its largest ever theme park project.
RELATED STORIES
Universal Japan records third record-breaking year in a row


Universal Studios Japan welcomed almost 15m visitors last year, an increase of 700,000 on the previous year.
Merlin could pull plug on Shrek’s Adventure roll out


It’s almost a year since Universal’s parent company Comcast acquired DreamWorks, and now Merlin Entertainments boss Nick Varney has to decide what to do with its Shrek’s Adventure midway.
Mark Woodbury named vice chair of Universal's parks and resorts division


Universal Studios has named Mark Woodbury to the newly created role of vice chair of Parks and Resorts, with Woodbury also continuing to serve in his existing role as president of Universal Creative.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
+ More news   
 
COMPANY PROFILES
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS