Universal Theme Park Revenue Down Nearly 63% in Comcast’s Latest Quarterly Report

It’s been a difficult year for many companies financially, especially those in the tourism industry.

Universal Orlando

We received a little more insight into how much theme parks were affected when we reported on Disney’s Q4 earnings call in November 2020. We learned more about park capacity and Disney+ subscriber numbers, but we also learned that the company had a $2.4 billion loss last year. Now, we know more about how 2020 affected Universal’s financials thanks to the Comcast Q4 earnings report.

Thanks to theme park journalist Ashley Carter on Twitter (@AshleyLCarter1), we got the details of Comcast’s earnings report, including some very important information about the Universal theme parks. The revenue for NBCUniversal’s parks division went down 62.9% from the same quarter last year, which is a sizable jump.

Universal Islands of Adventure

The parks division brought in $579 million, which is less than half of what was made in the same period last year, $1.56 billion. Comcast attributes this decrease to the theme parks operating at a significantly lower capacity due to health and safety regulations.

©Comcast

The Comcast executives did say that the theme parks reached a breakeven point when excluding the reopening costs for Universal Beijing. This is despite the fact that Universal Studios Hollywood is still closed.

Hogwarts

We’ll be looking out for more information on 2020’s impact on theme parks, especially as we get closer to Disney’s Q1 earnings call. Stay tuned to AllEars for the latest in theme park news!