United Parks & Resorts Inc. has recently released its 10-Q report, offering a detailed look into the company's financial standing and operational performance. United Parks & Resorts Inc. operates as a leading theme park and entertainment company in the United States, owning or licensing a portfolio of recognized brands, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove, and Sesame Place. The company operates a diversified portfolio of 13 differentiated theme parks in key markets across the United States and the United Arab Emirates.
In the 10-Q report, United Parks & Resorts Inc. outlined the principal factors and trends affecting its results of operations. The company's revenues are primarily driven by attendance in its theme parks and the level of per capita spending for admission, food and beverage, merchandise, and other in-park products. Total revenue per capita, admission per capita, and in-park per capita spending are key performance metrics used to assess the operating performance of its parks on a per attendee basis.
The report also discussed the level of attendance in its theme parks, which is influenced by various factors such as affordability, new attractions and shows, competitive offerings, weather, marketing and sales efforts, and global and regional economic conditions. Additionally, the company highlighted the seasonality of the theme park industry, with the highest revenues historically generated in the second and third quarters of each year.
In terms of financial performance, the 10-Q report provided a comparison of the three months ended June 30, 2025, to the same period in 2024. It revealed that net revenues for the three months ended June 30, 2025, decreased by 1.5% compared to the same period in 2024. Admissions revenue declined by 3.1%, primarily due to a decrease in admission per capita, despite a slight increase in total attendance. Food, merchandise, and other revenue saw a marginal increase of 0.4%, attributed to an increase in attendance, partially offset by a decrease in in-park per capita spending.
The report also detailed the costs and expenses incurred by the company, including operating expenses, selling, general, and administrative expenses, and depreciation and amortization. Operating income for the three months ended June 30, 2025, decreased by 14.6% compared to the same period in 2024, while net income decreased by 12.1%.
The market has reacted to these announcements by moving the company's shares 7.65% to a price of $49.69. Check out the company's full 10-Q submission here.
