“While our parks offer a great experience year-round, we expect some seasonality given Beijing's weather conditions with lower attendance in the fall and winter and more in spring and summer.”

In context

“y the pandemic. Moving to theme parks, revenue increased by $1.1 billion to $1.4 billion dollars and we generated EBITDA of $434 million which included about a $130 million of Universal Beijing pre -opening costs. This was our most profitable quarter since the pandemic began in the Q1 of 2020, driven by improved operating results at our U.S. parks, including strong domestic attendance and per caps that were above pre -pandemic levels. In fact, as Brian noted, Universal Orlando delivered its highest EBITDA for any quarter in its history. At Universal Studios Japan, results were challenging as we continue to operate under a government capacity restriction, keeping attendance below 2019 levels. Last, we opened Universal Beijing on September 20th, where the initial demand has been positive. While our parks offer a great experience year-round, we expect some seasonality given Beijing's weather conditions with lower attendance in the fall and winter and more in spring and summer. So overall on Parks, we are encouraged by the continued recovery, but getting back to and then exceeding pre -pandemic levels of EBITDA will likely require an improvement in international visitation. Now let's turn to Slide 7 for Sky, which I will speak to on a constant currency basis. For the third quarter, Sky revenue was $5 billion and relatively consistent compared to last year. Direct-to-consumer revenue was also consistent with last year's results, primarily reflecting strong growth in the UK driven by continued growth in customer relationships and higher ARPU due to the positive impact of a rate increase earlier this year. Higher mobile device sales, and the continued turnaround in hospitality revenue as pubs and clubs come back. This was offset by a decrease in customer relation”