Universal Orlando theme parks drive strong performance for Comcast

Universal Orlando theme parks drive strong performance for Comcast

Universal Orlando drove impressive performance at parent Comcast Corp., the company reported Monday — and executives told investors to expect much more development of hotels and new attractions there.

Universal’s Wizarding World of Harry Potter — Diagon Alley helped drive a 33.7 percent year-over-year increase in first-quarter theme-park revenue, which was $651 million. Operating cash flow for theme parks increased 54.6 percent to $263 million.

At the NBCUniversal division, “the biggest highlight of all may have been at the theme parks,” Comcast Chief Executive Officer Brian Roberts told analysts Monday morning.

Source: Orlando Sentinel

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