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8-K - FORM 8-K - UCDP FINANCE INC | d8k.htm |
EX-99.2 - RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO COMPARABLE GAAP FINANCIAL - UCDP FINANCE INC | dex992.htm |
Exhibit 99.1
UNIVERSAL ORLANDO RELEASES FINANCIAL RESULTS FOR 2010
ORLANDO, FLORIDA (February 14, 2011) Universal Orlando released financial results for 2010 today, confirming continued strong interest in its destination.
For the three months ending December 31, 2010, Universal City Development Partners Ltd. (d/b/a Universal Orlando), which owns and operates Universal Studios Florida, Universals Islands of Adventure and Universal CityWalk, reported a 46 percent increase in attendance over the same period from 2009, to 3.3 million from 2.3 million. Revenue increased 81 percent to $359 million from $199 million. EBITDA for the quarter increased to $151 million from $62 million. Operating income increased to $115 million from $30 million.
For the 12-month period ending December 31, 2010, Universal Orlando reported a 20 percent increase in attendance, to 11.2 million from 9.3 million. Revenue for 2010 increased 41 percent, to $1.13 billion from $803 million. EBITDA for 2010 increased to $391 million from $260 million. Operating income increased to $267 million from $149 million.
2010 was an important and exciting year for Universal Orlando, our guests and our team-members, said Bill Davis, president of Universal Orlando. We look forward to 2011 and we will continue to work hard at providing a great experience for our guests.
About Universal Orlando Resort
There are many ways to enjoy your Orlando vacation but there is only one Universal Orlando Resort. It is a completely separate destination featuring two theme parks, three magnificently themed on-site hotels and a nighttime entertainment complex. Its the only Orlando destination where you are not just entertained you are part of the most exhilarating entertainment ever created. You can soar above Hogwarts with Harry Potter, swing above the streets with Spider-Man, battle aliens alongside Agent J, help Shrek save Princess Fiona and create mischief with Bart Simpson. More information is available at www.universalorlando.com.
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Media Contacts: | Universal Orlando Public Relations (407) 363-8220 | |
http://media.universalorlando.com |