Revenue down 11% ($234M) compared to this time last year, mainly attributed to lower attendance domestically. First time the domestic parks see negative growth in the Potter era.
This is the first quarter (excluding. 2020/Covid Impact) where Universal actually sees negative QoQ $ Change since Q3'18 (-1.4% due to natural disasters in Japan). Will be interesting to see the TEA report for 2023 (whenever it gets released) as attendance declines were already in the works last year, with even more this year.
This is the first quarter (excluding. 2020/Covid Impact) where Universal actually sees negative QoQ $ Change since Q3'18 (-1.4% due to natural disasters in Japan). Will be interesting to see the TEA report for 2023 (whenever it gets released) as attendance declines were already in the works last year, with even more this year.