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Comcast releases third-quarter revenue report for Universal Orlando

Leah Zanolla | Posted: Oct 23, 2014 | Updated: Oct 23, 2014 - 5:43:03 PM
Comcast Corp., the parent company for Universal Orlando, has released its third-quarter theme-park revenue report. The parks saw an increase in revenue of 18.7 percent from last year. The company's overall profits went up 50 percent to $2.6 billion.

The NBCUniversal side of the company (responsible for the theme parks) increased their revenue from $5.85 billion to $5.92 billion. The theme parks were responsible for $786 million of that, up from $661 million last year. The Diagon Alley expansion of The Wizarding World of Harry Potter was said to have brought in record attendance numbers over the summer, but specific numbers weren't released.

Comcast Chief Executive Officer Brian Roberts said there has been a "significant lift" in two-park ticket sales and that the "new attraction is off to an amazing start." Guests who want to travel between the two Harry Potter lands on the Hogwarts Express train now need to purchase a two-park ticket.

The company's theme park operating cash flow went up to $402 million, an increase of 16.9 percent. Capital expenditures went up 4 percent to $295 million, which mostly showed an increase in theme-park spending. There are no signs of this slowing in the future, as a new hotel, Sapphire Falls Resort, is under construction and set to be completed in summer 2016, as well as a yet-undisclosed construction project at Islands of Adventure and a new park in Beijing due in 2019.

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