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Universal Beijing Reports $213 Million 2024 Loss Despite Nearly 10 Million Guests

Analysts point to weak local resonance for flagship franchises alongside northern China’s economic headwinds.

Overview

  • Universal Beijing Resort posted a net loss exceeding 1.5 billion yuan in 2024 after drawing 9.88 million visitors.
  • Shanghai Disneyland reported 14.7 million visitors and a net profit of 850 million yuan in 2024, underscoring the divergence in outcomes.
  • CAC News previously estimated roughly 3 billion yuan in cumulative losses at Universal Beijing since its 2021 opening, with COVID-19 only part of the shortfall.
  • Observers say IP such as Harry Potter and Transformers has less commercial pull with Chinese audiences, compounding higher operating costs in the region.
  • Universal continues to expand globally, highlighting Epic Universe’s strong start, a confirmed UK resort with construction slated for 2026, a 2026 Frisco kids park, and reported exploration of a Saudi project.