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NEWS
Universal revenue up as theme parks record earnings increase
POSTED 23 Jan 2020 . BY Tom Anstey
Universal revenue is up by roughly US$200m

Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan
– Brian Roberts
Revenue at Universal's theme parks has risen significantly in 2019, with year-end results showing 4.4 per cent to US$5.9bn (€5.3bn, £4.5bn).

Up from US$5.7bn (€5.1bn, £4.3bn) in 2018, the results reflect increases in guest spending and higher attendance at Universal's parks. Revenue increases were however offset by higher operating expenses, with adjusted EBITDA of US$2.5bn (€2.25bn, £1.9bn).

Revenue for the quarter was also up for Universal's theme parks division, rising 3.2 per cent to US$1.56bn (€1.41bn, £1.19bn) in 2019. Adjusted EBITDA decreased however by 4.5 per cent to US$636m, with the higher revenue affected by higher operating expenses.

“Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan,” said Brian Roberts, chair of Universal's parent company, Comcast. “We delivered strong operational and financial results in the fourth quarter, capping another great year for Comcast."

Overall, Comcast recorded an earnings increase of 13.6 per cent – US$34.2bn (€30.1bn, £26bn), with revenues of US$108.94bn (€98.44bn, £83.1bn) for 2019.
MORE NEWS
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.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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Chief Executive Officer, Mount Batten Centre
Mount Batten Group
Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
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COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
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Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
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08-08 May 2024

Hospitality Design Conference

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10-12 May 2024

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Jobs    News   Products   Magazine   Subscribe
NEWS
Universal revenue up as theme parks record earnings increase
POSTED 23 Jan 2020 . BY Tom Anstey
Universal revenue is up by roughly US$200m
Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan
– Brian Roberts
Revenue at Universal's theme parks has risen significantly in 2019, with year-end results showing 4.4 per cent to US$5.9bn (€5.3bn, £4.5bn).

Up from US$5.7bn (€5.1bn, £4.3bn) in 2018, the results reflect increases in guest spending and higher attendance at Universal's parks. Revenue increases were however offset by higher operating expenses, with adjusted EBITDA of US$2.5bn (€2.25bn, £1.9bn).

Revenue for the quarter was also up for Universal's theme parks division, rising 3.2 per cent to US$1.56bn (€1.41bn, £1.19bn) in 2019. Adjusted EBITDA decreased however by 4.5 per cent to US$636m, with the higher revenue affected by higher operating expenses.

“Looking ahead, in 2020 we are leaning into exciting opportunities, including the debuting Super Nintendo World at Universal Studios Japan,” said Brian Roberts, chair of Universal's parent company, Comcast. “We delivered strong operational and financial results in the fourth quarter, capping another great year for Comcast."

Overall, Comcast recorded an earnings increase of 13.6 per cent – US$34.2bn (€30.1bn, £26bn), with revenues of US$108.94bn (€98.44bn, £83.1bn) for 2019.
RELATED STORIES
Thierry Coup reveals new details about Super Nintendo World as Universal launches new music video


Thierry Coup, senior vice president of Universal Creative, has revealed new details for Super Nintendo World alongside the release of a music video to promote the soon-to-debut attraction at Universal Studios Japan.
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), according to parent Comcast's latest financial results.
Universal reveals new details for Beijing resort, announces seven themed lands


Universal Studios' under-construction Beijing theme park and resort will feature seven immersive, themed lands, it has announced.
MORE NEWS
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.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Tel: +44 (0)1462 431385

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