Universal delivers most profitable quarter since the first quarter of 2020

The third quarter earnings report for Comcast, the company behind Universal theme parks, has been released. The report shows Universal Theme Parks have had the most profitable quarter since 2020!

Journalist Ashley Carter shared the report on Twitter yesterday.

Comcast Q3 earnings report is out, and the company's theme parks division continues to show recovery:

"Theme Parks delivered its most profitable quarter since the first quarter of 2020, driven by Universal Orlando…" pic.twitter.com/F1xTJ71Bm5
— Ashley Carter (@AshleyLCarter1) October 28, 2021

Universal theme parks have shown significant growth since 2020. Comcast CEO Brian Roberts said, “I would like to highlight our theme parks, especially Orlando, which just reported the most profitable quarter in its history despite having virtually no international guests due to COVID related travel restraints.”

Comcast CFO Mike Cavanaugh stated, “So overall on parks, we are encouraged by the continued recovery, but getting back to and then exceeding pre-pandemic levels of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) will likely require the improvements of international visitation.”

International travel will soon increase as the restrictions are changing on November 8.

Stay tuned to Chip and Co for more Universal news and updates!

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Sara 5,190 Posts

Sara is a travel agent with Destinations to Travel, a Disney Earmarked agency. She lives in Alaska with her husband and 3 kids. Due to her extreme dislike of winter, she travels often to warmer destinations during the colder months. She visits the Disney parks and resorts frequently with her family and loves helping other families plan magical vacations. Contact her here for help with your vacation!

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