Universal Studio theme parks, excluding the new Beijing park, reached even in the fourth quarter of 2020. This was despite reduced capacity at Universal Studios Japan and Universal Orlando, and the ongoing closure of Universal Studios Hollywood.
According to Comcast, the theme park division within NBCUniversal made $579 million in revenue in quarter 4 last year. This was 64% less than the $1.56 billion it collected in the fourth quarter in 2019.
During the total year, Universal theme parks made $1.8 billion in revenue, a 69% decrease compared to the $5.9 billion made in 2019.
Brian Roberts, CEO of Comcast, commented on the revenue results: “We are pleased with how quickly we were able to reopen Orlando and Osaka while ensuring the safety of our staff and guests.
“Our guests are responding as confirmed by our steadily increased attendance and our most recent financial results. What we saw this fourth quarter, especially in Orlando, gives us even more conviction of the momentum that our theme parks will experience when we reach a sustainable recovery. We may experience some near term setbacks with the most recent pickup in Covid cases, but I am optimistic as ever about the long term trajectory of this very special business,” Roberts continued.
