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Universal Finally Confirms New Theme Park in Latest Financial Results

Universal Orlando Resort's parent company Comcast released their most recent quarterly financial results earlier this week, and while the theme parks may not be the entire focus of their report, Comcast's press release did contain some interesting information for fans of the Universal theme parks both in Orlando and California. From some OK revenue news to some news about the project to bring new theme parks to the resort here's everything we learned about the present (and future!) for Universal parks from parent company Comcast's financial results: 

Guest spending is up slightly, but attendance estimates for 2018 have not been released for Universal Orlando Resort

According to the official press release (which you can read in full at the link above), Comcast's parks and resorts division saw a small bump when compared with last year during the most recent financial period, with revenue increasing 3.6% to $1.36 billion in the second quarter of 2018. This is largely due to higher per guest spending driven by the successful openings of several new attractions, including Fast & Furious - Supercharged. Revenue from the theme parks segment (which includes Universal Studios Hollywood) for the six months ended June 30, 2018, increased 8.6 percent to $2.6 billion overall, compared to $2.43 billion in the year-earlier period

However, though it looks like the money is still coming in from Universal's theme parks, one thing that was not disclosed in the financial report was any information about park attendance so far this year. While it is pretty common for these financial reports to omit specific, hard figures about how many guests are entering Universal theme parks during a given period, they do often include at least some general statistics about attendance changes between the fiscal periods and year-over-year.

However, Comcast's earnings do not include any such information, which seems to imply that guest levels are either stagnant or perhaps even down in 2018. Of course, such a development would not be too surprising, as Walt Disney World has seen some up and down attendance in 2018 as well, even going as far as to lift blockout dates during the summer to draw annual passholders back to the park. 

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