Universal's parent company, Comcast, has reported its financial results for the third quarter. Theme park revenue increased to $2,717 million in 2025, up from $2,289 million in 2024, marking a 19% uplift.
Adjusted EBITDA for theme parks increased to $958 million in 2025, up from $847 million in 2024 - a 13.1% change.
In the earnings call, Mike Cavanagh, co-CEO of Comcast, commented on the effect of Epic Universe, and in particular, the impact on the existing parks:
“Broadly, the full resort of Orlando is very strong, so we're very pleased…
“The idea was to have Epic head us towards a week-long vacation type of experience. What we're seeing as Epic is now in the market is that it's driving higher per cap spending and attendance across the entirety of Universal Orlando.
“One of the nice things is that there's lesser cannibalization of attendance from our two pre-existing parks than we had expected.”
Scaling up
Building on a strong start, the plan is now to focus on scaling up:
“In terms of Epic itself, our focus now is just driving increased ride capacity. It's a new park and very technologically advanced, so working on the labour and the kinks to drive it to full capacity.
“We've been holding back a little bit to make sure the experience is what we want it to be. We expect it to fully scale up in the months ahead, and we'll really be driving higher attendance, per caps, and improved operating leverage.”
In July, Universal Orlando filed paperwork for an expansion project at Epic Universe. It is described as "vertical construction" and classified as a shop, warehouse or restaurant. The project site is situated between Epic Universe's main entrance and Super Nintendo World, with the paperwork indicating that the expansion will be approximately 39,000 square feet.
Charlotte Coates is blooloop's editor. She is from Brighton, UK and previously worked as a librarian. She has a strong interest in arts, culture and information and graduated from the University of Sussex with a degree in English Literature. Charlotte can usually be found either with her head in a book or planning her next travel adventure.
