NBCUniversal parent company Comcast has reported record adjusted earnings for its theme parks in the fourth quarter and full year ending 31 December 2022.
“I am proud of how our team executed throughout 2022,” said Brian Roberts, chairman and CEO of Comcast Corporation.
“We achieved the highest levels of revenue, adjusted EBITDA and adjusted EPS in our history and returned a record $17.7 billion of capital to shareholders.”
In 2022, NBCUniversal’s adjusted EBITDA increased by 4.9 percent to $6 billion, driven by growth at the theme parks.
Adjusted EBITDA for the theme parks division increased by $1.4 billion to $2.7 billion, the segment’s highest adjusted earnings on record.
Universal’s theme parks posted revenue of $7.5 billion in 2022, an increase of 49.3 percent compared to the prior year due to improved operating conditions.
In Q4 2022, NBCUniversal‘s theme parks segment delivered its highest adjusted EBITDA on record for a fourth quarter, increasing by 16 percent to $782 million.
This was driven by higher attendance and increases in guest spending at the theme parks in the US and Japan.
Universal investing in parks
In Q4, revenue increased by 12 percent to $2.1 billion due to increased attendance and guest spending at Universal’s parks in the US and Japan.
NBCUniversal is investing heavily in location-based entertainment (LBE). Super Nintendo World is to launch at Universal Studios Hollywood next month, and Universal Orlando’s new Epic Universe theme park is on track to open in 2025.
Universal Parks & Resorts is also developing a new year-round horror attraction at AREA15 in Las Vegas, as well as a family-friendly theme park resort in Frisco, Texas.
In an exclusive interview with blooloop, AREA15’s CEO Winston Fisher said the new eerie experience in Vegas is going to be “badass” and will have guests “smiling and screaming”.
Images: NBCUniversal
