Comcast third-quarter revenues gets boost with Universal theme parks

Published on : Monday, October 30, 2017

Comcast CorpThe third quarter revenues of Comcast have received a welcome boost from the theme parks of Universal thanks to rising attendance combined with higher per capita spending.

 

The sustained success of The Wizarding World of Harry Potter in Hollywood and also the openings of Minion Park in Japan in April 2017 and Volcano Bay in Orlando in May 2017 had driven a 7.7% rise in revenue for the Theme Park segment, up to $1.6 billion in the third quarter of 2017.

 

The adjusted EBITDA for this quarter had increased by nearly 9.8% to $775 million with the higher revenue especially offset by rising operating expenses and also the impact of the hurricane.

 

The revenue from theme parks had increased by 10.6% to $4.0 billion as compared to 2016 for the nine months that ended on 30th September, 2017.

 

And the adjusted EBITDA for the same period had risen by 11.2% to $1.7 billion as compared to 2016, again portraying higher revenue offset by an increase in operating expenses and also costs to support new attractions.

 

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