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Universal Japan and Hollywood's Wizarding World drive Q3 revenues up 60 per cent
POSTED 26 Oct 2016 . BY Tom Anstey
Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent
Universal has once again recorded strong performances in its latest earning report, with theme park revenues increasing 60.6 per cent to US$1.44bn (€1.31bn, £1.18bn) in the third quarter of 2016.

Primarily reflecting the inclusion of Universal Studios Japan following its majority acquisition last year and the continuing success of the new Wizarding World of Harry Potter attraction at Universal Hollywood, Universal’s theme parks income continues to mushroom in 2016.

As a result operating profit increased significantly, up 62.4 per cent to US$706m (€645m, £577m) for the quarter.

Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent to US$3.6bn (€3.3bn, £2.9bn) for revenue and 53.1 per cent in terms of operating cash flow, totalling US$1.55bn (€1.4bn, £1.3bn).

Universal’s parent company, Comcast, also reported an impressive third quarter, with revenue up 14.2 per cent from the previous year – a figure totalling US$21.3bn (€19.5bn, £17.4bn).

While Universal has been enjoying great success with its new attractions and acquisitions, the company is determined not to sit back. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with notable investments including the new Wizarding World of Harry Potter at Universal Hollywood, Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando. The company also has plans for a new Nintendo attraction in Japan which will dwarf its existing Harry Potter attractions.
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Jobs    News   Products   Magazine
NEWS
Universal Japan and Hollywood's Wizarding World drive Q3 revenues up 60 per cent
POSTED 26 Oct 2016 . BY Tom Anstey
Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent
Universal has once again recorded strong performances in its latest earning report, with theme park revenues increasing 60.6 per cent to US$1.44bn (€1.31bn, £1.18bn) in the third quarter of 2016.

Primarily reflecting the inclusion of Universal Studios Japan following its majority acquisition last year and the continuing success of the new Wizarding World of Harry Potter attraction at Universal Hollywood, Universal’s theme parks income continues to mushroom in 2016.

As a result operating profit increased significantly, up 62.4 per cent to US$706m (€645m, £577m) for the quarter.

Since its acquisition of Universal Japan, the company has enjoyed a very strong year, with overall growth of 55.2 per cent to US$3.6bn (€3.3bn, £2.9bn) for revenue and 53.1 per cent in terms of operating cash flow, totalling US$1.55bn (€1.4bn, £1.3bn).

Universal’s parent company, Comcast, also reported an impressive third quarter, with revenue up 14.2 per cent from the previous year – a figure totalling US$21.3bn (€19.5bn, £17.4bn).

While Universal has been enjoying great success with its new attractions and acquisitions, the company is determined not to sit back. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with notable investments including the new Wizarding World of Harry Potter at Universal Hollywood, Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando. The company also has plans for a new Nintendo attraction in Japan which will dwarf its existing Harry Potter attractions.
RELATED STORIES
Karen Irwin takes reins at Universal Hollywood


Universal Studios Hollywood has named Karen Irwin its new president and COO, with Irwin replacing Larry Kurzweil, who held the post for 17 years.
South Korea's Universal theme park plans in jeopardy over funding problem


Universal’s plans to open a multi-billion dollar theme park and resort in South Korea have reportedly hit a stumbling block, with the consortium of Korean and Chinese investors behind the project divided over how to finance the mega development.
Godzilla to headline Universal Cool Japan 2017


Godzilla is going on the rampage in Japan again – this time at Universal Studios in January to tie in with the release of new Godzilla movie.
Universal Orlando reveals VR experience for Halloween Horror Nights


Universal Orlando is for the first time introducing a virtual reality component to its Halloween Horror Nights event, with a new interactive experience combining VR and real- life actors.
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Les Mills calls on the industry to support UNICEF
Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF.
HUM2N opens longevity clinic at Six Senses London
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider, HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
Researchers identify a drug which reduces muscle loss when using GLP-1 medications
Researchers in the US have identified an antibody which could greatly reduce the loss of lean muscle mass in people who are taking weight-loss medications.
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