United Parks & Resorts Reports Decline

By Tamara Parker • Monday, May 12 15:24 • Permanent Link

United Parks & Resorts Inc. (NYSE: PRKS) has reported its financial results for the first quarter of 2025, highlighting a decrease in attendance and total revenue compared to the first quarter of 2024. Here are the specific figures:

Attendance for the first quarter of 2025 was approximately 3.4 million guests, representing a decrease of approximately 59,000 guests or 1.7% from the first quarter of 2024.
Total revenue was $286.9 million, a decrease of $10.5 million or 3.5% from the first quarter of 2024.
Net loss was $16.1 million, a decrease of $4.9 million from the first quarter of 2024.
Adjusted EBITDA was $67.4 million, a decrease of $11.7 million or 14.8% from the first quarter of 2024.

Additionally, the company reported a decrease in total revenue per capita by 1.8% to $84.62 from the first quarter of 2024. Admission per capita decreased by 4.2% to $46.04, while in-park per capita spending increased by 1.1% to a record $38.58 from the first quarter of 2024.

The press release also mentioned that in the first quarter, the company repurchased approximately 100,000 shares for an aggregate total of approximately $4.6 million.

Furthermore, the company's rescue teams aided 205 animals in need across the country in the first quarter of 2025, bringing the total number of animals the company has helped to over 42,000.

In a statement regarding the first quarter results, Marc Swanson, Chief Executive Officer of United Parks & Resorts Inc., commented on the impact of the timing of Easter and spring break holidays, which shifted from the first quarter to the second quarter in 2025 compared to the prior year. Swanson also expressed optimism about the company's future, citing significant investments across its parks and business, as well as strong 2025 bookings for its properties and international ticket sales.

The earnings release concluded with details of the company's upcoming new rides, attractions, and events planned for the year, including new offerings at various parks such as Seaworld San Diego, Seaworld San Antonio, and Sesame Place Philadelphia.

United Parks & Resorts Inc. is a global theme park and entertainment company that owns or licenses a diverse portfolio of park brands and experiences, including Seaworld, Busch Gardens, Discovery Cove, Sesame Place, Water Country USA, Adventure Island, and Aquatica. It operates 13 parks in seven markets across the United States and Abu Dhabi.

The company will hold a conference call on Wednesday, May 12, 2025, at 9 a.m. Eastern Time to discuss its first-quarter 2025 financial results. The conference call will be broadcast live on the internet and can be accessed via the company’s website.

For further details and comprehensive information about United Parks & Resorts Inc., visit www.unitedparks.com. Today the company's shares have moved 2.9% to a price of $47.18. For more information, read the company's full 8-K submission here.

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