Today, Comcast, the parent company of the Universal Studios resorts, announced their earnings for the third quarter of 2015. Within the report, they included some news about their theme parks. This news is of record attendance and revenue from the parks over the summer!
According to the company, record summer attendance for their parks allowed for a 14.1% increase in revenue in the company’s theme park division. This increase in attendance is likely due to the new Fast and Furious: Supercharged attraction at the Hollywood park and guests flocking to Universal’s Orlando park to visit the recently expanded Wizarding World of Harry Potter.
The revenue increased from $786 million last year to $896 million this year for the quarter. This is an incredible amount of growth in one year. Operating cash flow increased 14% for the quarter from $402 million last year to $458 million this year. For the first nine months of the year, theme park revenue also increased from $1.9 billion to $2.3 billion in 2015. This is an increase of 2.9%.
With a high increase in attendance and revenue this year, it will definitely be interesting to see what happens next year with the additions of Skull Island: Reign of Kong in Orlando, The Wizarding World of Harry Potter in California, and the incredible new B&M flying coaster called The Flying Dinosaur at their Japan park. It will also be interesting to see if they will finally succumb to the demands of the Orlando annual passholders and provide plastic passes with this incredible growth! 🙂
What do you think of Universal’s recent growth? Are you mad that they don’t have plastic passes even with all of this money?Let us know by commenting below! Also, be sure to follow us on Instagram, Facebook, and Twitter! You can also find us on Periscope, YouTube, Google+, and Tumblr!