Comcast posts record 4th quarter profits, hints at Kong attraction
Comcast announced their 4th quarter results today and thanks to the grand opening of Diagon Alley last year and Halloween Horror Nights at both Hollywood and Orlando, the company posted record profits.
Revenue increased 29.9% to $735 million compared to $566 million in the fourth quarter of 2013.
Fourth quarter operating cash flow increased 37.6% to $352 million compared to $257 million in the same period last year.
For the entire year, theme park revenue totaled $2.6 billion compared to $2.2 billion in 2013. Operating cash flow increased 16.4% to $1.2 billion compared to $1.0 billion in 2013, driven by The Wizarding World of Harry Potter – Diagon Alley and Despicable Me attractions.
Comcast executives also mentioned the rumored King Kong attraction coming to Universal Orlando, which has not yet been officially announced by the park.
“As we continue to invest in attractions, including Harry Potter and Fast and Furious in Hollywood and a King Kong attraction in Orlando, investments in our theme park are driving strong returns,” said Michael Angelakis, Comcast CFO, during conference call.
Comcast has pretty much announced the ride, now all we have to do is wait for the official announcement from Universal.