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Profits Rise for Universal Orlando’s Parent Company


The crowds enjoying The Wizarding World of Harry Potter at Universal Orlando have contributed to a third quarter rise on profits for the parent company, Comcast, reports the Orlando Sentinel.

Quarterly revenue rose to $580 million from $531 million last year, an increase in 9.1 percent. Operating cash flow, a measure of profitability, rose to $285 million from $252 million, an increase of 12.6 percent.

The numbers also reflect profits from the King Kong attraction at Universal Studios Hollywood.

Comcast said the increase was due to increased spending in the parks rather than a rise in attendance, which is no longer reported by Universal Orlando.

Any way you chug it, that’s a lot of Butterbeer.




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