Epic Universe Drives Huge Revenue Gains for Universal Orlando

New theme park already making over $1 billion in EBITDA despite not yet operating at full capacity.

Feb. 3, 2026 at 10:15am

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Universal Orlando's new Epic Universe theme park has been a massive financial success in its first year, driving a 22% increase in revenue and over $1 billion in EBITDA for the company. Even though the park is not yet operating at full capacity, it has continued to drive higher per-capita spending and attendance across Universal's entire resort.

Why it matters

The rapid success of Epic Universe highlights the continued demand for new, innovative theme park experiences, even in a post-pandemic environment. It also demonstrates Universal's ability to create blockbuster attractions that can draw huge crowds and spending, which will likely lead to further investment and expansion of the Epic Universe and Universal Orlando resort.

The details

During Comcast's recent earnings call, CFO Jason S. Armstrong revealed that Epic Universe has already crossed the $1 billion EBITDA threshold, with revenue increasing 22% and EBITDA growing 24% overall for Universal Orlando. This performance was driven by strong attendance and per-capita spending at the new park, which features popular attractions like Harry Potter and the Ministry of Magic and Monsters Unchained: The Frankenstein Experiment.

  • Epic Universe officially opened in May 2025.
  • During the 2025 Q3 Earnings call, Comcast co-CEO Mike Cavanagh confirmed the park was not yet operating at full capacity.
  • In the recent 2026 Q1 Earnings call, CFO Jason S. Armstrong stated the company is 'really pleased' with Epic Universe's performance so far.

The players

Epic Universe

Universal Orlando's newest theme park, which opened in May 2025 and features popular attractions like Harry Potter and the Ministry of Magic and Monsters Unchained: The Frankenstein Experiment.

Jason S. Armstrong

Chief Financial Officer of Comcast, Universal Orlando's parent company.

Mike Cavanagh

Co-CEO of Comcast.

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What they’re saying

“We are really pleased with what we are seeing from Epic, which continues to drive higher per cap spending and attendance across the entirety of the resort. While we are not yet operating at full run rate capacity, we have made meaningful progress expanding ride throughput, and we remain focused on scaling further over the next several quarters, with higher attendance, stronger per caps, and additional operating leverage over time.”

— Jason S. Armstrong, CFO, Comcast (Comcast Earnings Call)

What’s next

Universal Orlando plans to continue expanding ride capacity and throughput at Epic Universe over the next several quarters in order to operate the park at full capacity and drive even higher attendance and per-capita spending.

The takeaway

The rapid financial success of Epic Universe, Universal Orlando's newest theme park, demonstrates the continued strong demand for innovative and immersive theme park experiences, even in a post-pandemic environment. This success is likely to spur further investment and expansion of the Epic Universe and Universal Orlando resort in the years to come.