NBCUniversal parent company Comcast has reported its third-quarter financial results, revealing revenue of more than $2.4 billion for its theme parks.
Comcast also reported record adjusted earnings of $983bn for its parks segment, a 20 percent increase compared to the company’s previous record.
Increased revenue for the theme parks division was driven by higher revenue at all of Universal’s parks. Revenue at the international parks grew compared to the prior-year quarter due to the removal of Covid-19 restrictions.
In the US, higher revenue was due partly to the continued success of Super Nintendo World. This was partially offset by lower revenue at Universal Orlando, although Comcast said the resort’s revenue continues to be “above comparable pre-pandemic 2019 levels”.
“The reaction to Nintendo in Hollywood and Japan continues to be fantastic, and we are very excited about bringing the experience to Florida soon,” Comcast president Mike Cavanagh said in an earnings call.
“I was just in Orlando with the parks leadership team last week, reviewing our plans for the new Halloween Horror experience in Las Vegas and kids theme park in Frisco, Texas.
“I also spent a few hours on a site tour of the Epic Universe park, which is deep in construction and is simply breathtaking.”
New parks and experiences
He added, “So thanks to the momentum of our third quarter results and what we have in the pipeline, I could not be more excited about our parks business.”
As above, Universal is investing heavily in its parks business, with a year-round Halloween Horror Nights experience heading to Las Vegas’ Area15, and a new family-friendly theme park to open in Texas.
The company is also building a fourth gate at Universal Orlando, Universal Epic Universe. Mark Woodbury, CEO of Universal Destinations & Experiences, recently said it is the “most technologically advanced park we’ve ever done”.
Images courtesy of NBCUniversal
