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NEWS
Universal Japan and Hollywood's Wizarding World drive Q3 revenues up 60 per cent
POSTED 26 Oct 2016 . BY Tom Anstey
Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent
Universal has once again recorded strong performances in its latest earning report, with theme park revenues increasing 60.6 per cent to US$1.44bn (€1.31bn, £1.18bn) in the third quarter of 2016.

Primarily reflecting the inclusion of Universal Studios Japan following its majority acquisition last year and the continuing success of the new Wizarding World of Harry Potter attraction at Universal Hollywood, Universal’s theme parks income continues to mushroom in 2016.

As a result operating profit increased significantly, up 62.4 per cent to US$706m (€645m, £577m) for the quarter.

Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent to US$3.6bn (€3.3bn, £2.9bn) for revenue and 53.1 per cent in terms of operating cash flow, totalling US$1.55bn (€1.4bn, £1.3bn).

Universal’s parent company, Comcast, also reported an impressive third quarter, with revenue up 14.2 per cent from the previous year – a figure totalling US$21.3bn (€19.5bn, £17.4bn).

While Universal has been enjoying great success with its new attractions and acquisitions, the company is determined not to sit back. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with notable investments including the new Wizarding World of Harry Potter at Universal Hollywood, Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando. The company also has plans for a new Nintendo attraction in Japan which will dwarf its existing Harry Potter attractions.
RELATED STORIES
  Karen Irwin takes reins at Universal Hollywood


Universal Studios Hollywood has named Karen Irwin its new president and COO, with Irwin replacing Larry Kurzweil, who held the post for 17 years.
  South Korea's Universal theme park plans in jeopardy over funding problem


Universal’s plans to open a multi-billion dollar theme park and resort in South Korea have reportedly hit a stumbling block, with the consortium of Korean and Chinese investors behind the project divided over how to finance the mega development.
  Godzilla to headline Universal Cool Japan 2017


Godzilla is going on the rampage in Japan again – this time at Universal Studios in January to tie in with the release of new Godzilla movie.
  Universal Orlando reveals VR experience for Halloween Horror Nights


Universal Orlando is for the first time introducing a virtual reality component to its Halloween Horror Nights event, with a new interactive experience combining VR and real- life actors.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
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.
+ More news   
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NEWS
Universal Japan and Hollywood's Wizarding World drive Q3 revenues up 60 per cent
POSTED 26 Oct 2016 . BY Tom Anstey
Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent
Universal has once again recorded strong performances in its latest earning report, with theme park revenues increasing 60.6 per cent to US$1.44bn (€1.31bn, £1.18bn) in the third quarter of 2016.

Primarily reflecting the inclusion of Universal Studios Japan following its majority acquisition last year and the continuing success of the new Wizarding World of Harry Potter attraction at Universal Hollywood, Universal’s theme parks income continues to mushroom in 2016.

As a result operating profit increased significantly, up 62.4 per cent to US$706m (€645m, £577m) for the quarter.

Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent to US$3.6bn (€3.3bn, £2.9bn) for revenue and 53.1 per cent in terms of operating cash flow, totalling US$1.55bn (€1.4bn, £1.3bn).

Universal’s parent company, Comcast, also reported an impressive third quarter, with revenue up 14.2 per cent from the previous year – a figure totalling US$21.3bn (€19.5bn, £17.4bn).

While Universal has been enjoying great success with its new attractions and acquisitions, the company is determined not to sit back. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with notable investments including the new Wizarding World of Harry Potter at Universal Hollywood, Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando. The company also has plans for a new Nintendo attraction in Japan which will dwarf its existing Harry Potter attractions.
RELATED STORIES
Karen Irwin takes reins at Universal Hollywood


Universal Studios Hollywood has named Karen Irwin its new president and COO, with Irwin replacing Larry Kurzweil, who held the post for 17 years.
South Korea's Universal theme park plans in jeopardy over funding problem


Universal’s plans to open a multi-billion dollar theme park and resort in South Korea have reportedly hit a stumbling block, with the consortium of Korean and Chinese investors behind the project divided over how to finance the mega development.
Godzilla to headline Universal Cool Japan 2017


Godzilla is going on the rampage in Japan again – this time at Universal Studios in January to tie in with the release of new Godzilla movie.
Universal Orlando reveals VR experience for Halloween Horror Nights


Universal Orlando is for the first time introducing a virtual reality component to its Halloween Horror Nights event, with a new interactive experience combining VR and real- life actors.
MORE NEWS
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
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   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [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  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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