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