Universal Theme Parks down 80% in Revenue

Comcast has released its third-quarter earnings report for the Universal Orlando Resort. With both Orlando and Japan operating at a limited capacity since reopening in June, Universal’s earning have drooped 81% to $311 million. Comcast CEO Brian Roberts said theme parks have seen the most pressure from COVID-19. Universal Hollywood still remains closed with no set date for reopening.

Despite all this, however, the company has seen an increase in attendance and says they could rebound as soon as 2021. If the current trends continue the parks are optimistic for next year’s earnings and may be able to breakeven.

Universal released emails last week that attendance is up and urged its passholders to try and visit on weekdays instead. Weekends have been hitting the limited-capacity religiously since around Labor Day.

Universal’s Volcano Bay is set to close until March starting Novemeber 2nd, and there was no word about the new park Epic Universe which was put on hold. Hopefully we continue to see guests flocking to the theme parks and we can continue to see positive trends and they will be able to bounce back in the new year.

Information is from Spectrum News 13

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Susan Wilson