Universal Orlando sees most profitable quarter amid pandemic.
With a 191.3% increase of profits in the theme park division, Universal Theme Parks overall have generated $1.98 billion in revenue during the fourth quarter of 2021. The Orlando Sentinel reports the following:
Comcast’s 2021 Q4 earnings report is out. Theme park highlights:
– Universal Parks generated $1.9B in revenue
– Parks division delivered its most profitable 4th quarter on record
– Company says its “ramping construction” of its Epic Universe park
Universal Orlando reopened its theme parks June 2020 with limited capacity and several COVID-19 health and safety measures. In the year since, capacity increased and pandemic measures were lifted. The resort also opened a new attraction at its Islands of Adventure park—Jurassic World VelociCoaster—and brought back its popular Halloween event, Halloween Horror Nights.
Also, theres recent news on the development of Universal Orlando’s new Epic Universe theme park. Construction of the park was halted in April 2020 because of the pandemic, but resumed in March of this year. Before the construction delay, Universal initially planned for the park to open in 2023, however a new opening timeframe has been announced for Summer 2025.
The park will be Universal’s largest U.S. theme park when it opens and feature attractions based on content from Nintendo, Illlumination and DreamWorks. The project is expected to create thousands of jobs and pump billions into the Florida economy.
Check back here on Chip & Co. for the latest theme park and entertainment news updates!
Source: Orlando Sentinel
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