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First quarter earnings for Universal Orlando

Leah Zanolla | Posted: Apr 23, 2014 | Updated: Apr 23, 2014 - 10:47:26 PM
Universal Orlando's revenue for the first quarter of 2014 is up compared to the same time last year. Theme park revenue was up to $487 million, a 5.4 percent increase from the $462 million earned last year. Guest attendance has been stable and per capita spending has gone up. The parks' operating expenses increased due to new attractions, but those attractions also led to the jump in guest spending.

The Diagon Alley expansion of the Wizarding World of Harry Potter is expected to open this summer, so the effect of this will begin to be seen on financial reports late this year.


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