Universal Shows Optimism, Even as Losses Continue
April 29, 2021, 11:17 AM ·
Universal s theme parks posted another loss in the first quarter of 2021, as Comcast and NBCUniversal corporate leaders look forward to a rebound with visitors returning to the company s parks around the world.
NBCUniversal s Theme Parks division reported an adjusted EBITDA loss was $61 million in the first quarter of 2021, including pre-opening costs related to Universal Beijing Resort. That compares with an $87 million profit in the same period in 2020, during which Universal s theme parks first closed due to the pandemic.
Revenue decreased 33.1% to $619 million in the quarter from $925 million in the first quarter of 2020. However, officials express optimism with trends during the quarter.