Universal Theme Parks Q1 2021 Revenue Down

The Comcast 1st Quarter 2021 results are in and the firm as a total is off to a terrific begin in 2021 with overall income up 2.2%. Concept parks underneath NBCUniversal as soon as yet again attained breakeven excluding Universal Beijing Vacation resort pre-opening charges. The theme parks division carries on transferring in a favourable way with Universal Studios Hollywood’s effective reopening on April 16.

Topic park profits for Q1 2021 was down 33.1% to $619 million due to Universal Orlando Resort and Common Studios Japan running at constrained capacity. The revenue was also impacted by the closure of Universal Studios Hollywood. Topic parks altered EBITDA loss was $61 million for Q1 2021, which features the around $100 million in pre-opening charges for the future Common Beijing Vacation resort.