Skyrocketing revenue, fueled by their powerhouse Wizarding World of Harry Potter attraction, allowed Universal Orlando Resort to report its best quarterly results in its 20-year history today.
Attendance across Universal's parks soared 36 percent in the third quarter, revenue rocketed up 62 percent, and net profit nearly tripled:
The results showed Universal is reaping a financial windfall from Wizarding World, the $200-plus million collection of rides, shops and eateries that has drawn enormous crowds to the resort since opening in June.
Universal's quarterly revenue skyrocketed 62 percent to $364 million, fueled by sales of tickets and Potter-themed merchandise ranging from mugs of butterbeer to magic wands.
Operating profit more than doubled, from $61 million a year ago to $127 million during the three-month period that ended Sept. 26. And net profit nearly tripled, from $37 million to $97 million.
"We're happy for what the Wizarding World of Harry Potter has done for our business and for all of the Central Florida tourism community," said Bill Davis, president of Universal Orlando.