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Universal Q2 2026 Results

  • Thread starter Thread starter Evan
  • Start date Start date Today at 10:51 AM
Evan

Evan

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  • Today at 10:51 AM
  • #1
Those saying things feel quieter the last month aren’t wrong. While revenue is up, attendance is softening.

 
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MAC

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  • Today at 10:59 AM
  • #2
More revenue with less attendance equals less costs. That'a recipe that will work for a bit in the short-term, but I would imagine we're going to see more and more discounts over the next few months. Probably not so much during the holidays. If we start to see discounts during the Holidays, that's a troubling sign IMO.
 
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tommyhawkins

tommyhawkins

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  • Today at 11:07 AM
  • #3
Almost feels like that $500m they spent on Frisco might have been better spent getting at least one Phase 2 Epic expansion open by June of this year. I'm sure it makes sense financially long term to venture into a Legoland competitor, but it's unsurprising with nothing new since May 2025 that intent to return is down
 
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Evan

Evan

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  • Today at 11:10 AM
  • #4
tommyhawkins said:
Almost feels like that $500m they spent on Frisco might have been better spent getting at least one Phase 2 Epic expansion open by June of this year. I'm sure it makes sense financially long term to venture into a Legoland competitor, but it's unsurprising with nothing new since May 2025 that intent to return is down
Click to expand...

You'd have hoped a new theme park could have gotten them a few years worth of growth at the resort.
 
Mad Dog

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  • Today at 11:30 AM
  • #5
Evan said:
Those saying things feel quieter the last month aren’t wrong. While revenue is up, attendance is softening.

Click to expand...

Yeah, it was easy to read the tea leaves and watch the red flags pop up, so the results verify what I was saying the last few months and how the internet planning sites missed the mark since they are too slow, and too ingrained in past performances, to adjust to what's happening in real time. Touring Plans at least, finally made two adjustments in the past few months for WDW and Universal, but the others sat on the old info. My view/opinion is that the economy, weather, tourism restraints due to politics,and costs/prices are now more important than school schedules to who is going to show up.

They won't admit it, but there's no way Epic has met expectations. It's a nice beautiful park, but it has 'issues' that will take lots of time to fix, and a management that reacted too slow to those issues....and USF & IOA didn't get enough recent investment due to costs associated with building a new park. But its not just Universal Orlando, WDW is suffering the same fate. Sure, revenue increases, but that's only because Disney increases prices way above inflation for food, merch., drinks and hotels.

And, as I've been saying, the third quarter will be the one to watch, since that will be the first full comparison to Epics opening numbers. Universal needs a really strong HHN. Now red flags continue to pop up....*Huge discount ticket for locals up to Christmas *More hotel discounts popping up & *Universal giving IU meetup dates in Nov. that they originally blocked......Watch the HHN attendance. That will be the key. Summer is already a wasteland, so September needs to be the savior. Then Oct. HHN for the Fourth Quarter.

Universal Theme Parks EPITDA declined 5.1% for the quarter, with International underperforming too. That's the important figure, especially with a new park to pad the results. That's surely not something Comcast wants to see with the split off looming in the very near future. If there's a poor third quarter for the next result, I'd guess there will be major executive changes.
 
Last edited: Today at 11:55 AM
M

MAC

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  • Today at 11:33 AM
  • #6
Evan said:
You'd have hoped a new theme park could have gotten them a few years worth of growth at the resort.
Click to expand...
If COVID doesn't happen, if the current economy doesn't happen... you probably get those few years worth of growth.

Bad timing for Epic.
 
Jerroddragon

Jerroddragon

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  • Today at 11:33 AM
  • #7
Mad Dog said:
Yeah, it was easy to read the tea leaves and watch the red flags pop up, so the results verify what I was saying the last few months and how the internet planning sites missed the mark since they are too slow, and too ingrained in past performances, to adjust to what's happening in real time. Touring Plans at least, finally made two adjustments in the past few months for WDW and Universal, but the others sat on the old info. My view/opinion is that the economy, weather, tourism restraints due to politics,and costs/prices are now more important than school schedules to who is going to show up.

They won't admit it, but there's no way Epic has met expectations. It's a nice beautiful park, but it has 'issues' that will take lots of time to fix, and a management that reacted too slow to those issues....and USF & IOA didn't get enough recent investment due to costs associated with building a new park. But its not just Universal Orlando, WDW is suffering the same fate. Sure, revenue increases, but that's only because Disney increases prices way above inflation for food, merch., drinks and hotels.
Click to expand...
I mean also traveling sucks right now

I planned to go to Epic but flights cost an insane amount right now along with gas and everything else up

I'd love to go but for now its all local parks for me
 
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Evan

Evan

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  • Today at 11:39 AM
  • #8
MAC said:
If COVID doesn't happen, if the current economy doesn't happen... you probably get those few years worth of growth.

Bad timing for Epic.
Click to expand...

And the irony of the economy being what it is right now, and why, couldn't be more palpable.
 
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M

MAC

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  • Today at 11:41 AM
  • #9
Evan said:
And the irony of the economy being what it is right now, and why, couldn't be more palpable.
Click to expand...
If the economy was a physical object and people literally did not touch it, it would be better today than the current situation.

People just have to touch stuff.
 
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