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!
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Journalist Ashley Carter shared the report on Twitter yesterday.
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.”
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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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