29 Oct 2018
Universal Theme Parks revenues down in Q3 2018
BY Luke Cloherty
Comcast’s latest financial reports for Q3 2018 show that its Universal Theme Parks brand’s revenues and adjusted earnings before income, tax, depreciation and amortisation (EBITDA) have dipped slightly from 2017’s Q3 performance.
Revenues for the quarter dropped to US$1.5bn (€1.3bn, £1.2bn), a 1.4 per cent decrease. However, revenues for the year to date stayed healthy, climbing by 4.7 per cent to US$4.2bn (€4bn, £3.3bn).
Adjusted EBITDA saw a more dramatic decrease in Q3, falling by 6.5 per cent to US$725m (€637m, £565.8m) on the same period the previous year. Again, this was offset in the year to date, where it grew by 3.8 per cent and reached US$1.8bn (€1.6bn, £1.4bn).
Severe weather and natural disasters in Japan were the main cause of the Q3 2018 decreases according to the company, as they ultimately affected attendance figures.
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