Image (c) Universal(News) Comcast Corporation which owns, operates and licenses Universal parks reported results for the quarter ended March 31, 2012. Revenue for the Group increased 22.7% in the first quarter of 2012 to $14.9 billion, while Operating Cash Flow increased 15.3% to $4.7 billion and Operating Income increased 24.0% to $2.8 billion.Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "We are off to a great start in 2012, with strong revenue and cash flow growth and record quarterly free cash flow. As we continue to drive innovation and bring the XFINITY brand to life, we're delivering more and better products and transforming the customer experience. We are also pleased with the performance of NBCUniversal, which posted strong revenue growth, led by the Super Bowl and successful film releases, along with reliable growth in our Theme Parks and Cable Networks, and steady progress in Broadcast."For the first quarter of 2012, revenue from the Theme Parks segment increased 5.7% to $412 million compared to $390 million in the first quarter of 2011, driven by higher per capita spending at the Orlando and Hollywood parks. First quarter operating cash flow increased 17.1% to $157 million compared to $134 million in the same period last year. Theme Parks results are presented as if the Universal Orlando transaction, which closed on July 1, 2011, was effective on January 1, 2010. As a result, Theme Parks segment revenue and operating cash flow includes the results of Universal Orlando, Universal Hollywood and international licensing fees.
read more: Universal parks are on the up as Comcast reports results