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Universal Parks and Resorts is just a tiny sliver in its parent company’s vast empire

January 13, 2023
Source: dallasnews.com dallasnews.com
News Snapshot:
Universal Parks and Resorts is one of the most well-known theme park brands globally, but it accounts for only a sliver of revenue brought in by its Philadelphia-based parent company Comcast Corp. Its popular parks in Florida, California and three other sites overseas accounted for about $5.4 billion in the first nine months of 2022 – or 6% of Comcast’s $90 billion in revenue. But Comcast is coming off its most profitable quarter ever at its theme-park unit, providing the impetus to invest in new initiatives like the Universal kids-oriented park to be built in Frisco. Comcast is a behemoth...
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