United Parks & Resorts Inc. has reported its financial results for the first quarter of 2025, revealing several key changes compared to the same period in 2024.
In terms of attendance, the company hosted approximately 3.4 million guests, which represents a decrease of about 1.7% from the first quarter of 2024. This decline equates to roughly 59,000 fewer guests.
Total revenue for the first quarter of 2025 was $286.9 million, marking a decrease of $10.5 million or 3.5% from the same period in 2024.
The net loss for the first quarter of 2025 was $16.1 million, which represents a decrease of $4.9 million from the first quarter of 2024.
Adjusted EBITDA for the same period was $67.4 million, reflecting a decrease of $11.7 million or 14.8% from the first quarter of 2024.
The company also noted that total revenue per capita decreased 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.
Moreover, in the first quarter of 2025, the company repurchased approximately 100,000 shares for an aggregate total of approximately $4.6 million.
The press release highlighted that the first quarter results were negatively impacted by the timing of Easter and spring break holidays moving to the second quarter of 2025, as opposed to being in the first quarter of 2024, which affected attendance, total revenue, and per capita spending metrics.
Despite these challenges, the company expressed optimism about the remainder of the year, citing significant investments across its parks and business, including new rides, attractions, events, and improved in-park venues and offerings. The company also noted that its 2025 bookings for its Discovery Cove property, group bookings, and international ticket sales were running ahead of 2024.
Additionally, the company highlighted its commitment to animal rescue efforts, having aided 205 animals in need during the first quarter of 2025, bringing the total number of animals helped to more than 42,000 over its history.
The company will hold a conference call to discuss its first quarter 2025 financial results on May 12, 2025.
United Parks & Resorts Inc. is a leading theme park and entertainment company that owns or licenses a diverse portfolio of award-winning park brands and experiences, including SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Water Country USA, Adventure Island, and Aquatica. Following these announcements, the company's shares moved 2.9%, and are now trading at a price of $47.18. For more information, read the company's full 8-K submission here.
