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United Parks & Resorts Inc. Reports First Quarter 2025 Results
Prnewswire· 2025-05-12 10:30
Core Insights - United Parks & Resorts Inc. reported strong financial results for Q1 2025 despite challenges from the timing of Easter and Spring Break holidays, which shifted to Q2 compared to the previous year [3][6] - In-park per capita spending reached a record level, increasing by 1.1% for the quarter, marking growth for 19 of the last 20 quarters [3][6] - The company anticipates significant revenue and Adjusted EBITDA growth for 2025, driven by new attractions and improved offerings across its parks [3][4] Financial Performance - Attendance for Q1 2025 was approximately 3.4 million guests, a decrease of 59,000 guests or 1.7% from Q1 2024 [6][7] - Total revenue was $286.9 million, down $10.5 million or 3.5% from the same quarter in 2024 [6][9] - The net loss for the quarter was $16.1 million, an increase of $4.9 million from Q1 2024 [6][9] - Adjusted EBITDA was $67.4 million, a decrease of $11.7 million or 14.8% from the prior year [6][9] Key Metrics - Total revenue per capita decreased by 1.8% to $84.62, while admission per capita fell by 4.2% to $46.04 [6][31] - In-park per capita spending increased to $38.58, reflecting a 1.1% rise [6][31] - The company repurchased approximately 100,000 shares for about $4.6 million during the quarter [10][6] Future Outlook - The company is optimistic about 2025 bookings for its Discovery Cove property, group bookings, and international ticket sales, all of which are ahead of 2024 [3][4] - Significant investments have been made in new rides and attractions, with a focus on enhancing guest experiences [3][4] - The company expects to achieve new records in revenue and Adjusted EBITDA in 2025, with 75% of historical attendance and revenue opportunities still ahead as of April 30, 2025 [3][4] New Attractions - New attractions include "Jewels of the Sea" at SeaWorld San Diego and "Expedition Odyssey" at SeaWorld Orlando, among others [4][12] - The company continues to enhance its offerings with family-friendly attractions and themed events across its parks [4][12] Animal Rescue Efforts - In Q1 2025, the company aided 205 animals in need, contributing to a total of over 42,000 animals helped throughout its history [11][12] - The company is recognized as a leader in animal rescue, working closely with various agencies to provide urgent care to wildlife [12][22]
Countdown to United Parks & Resorts (PRKS) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2025-05-08 14:21
Core Insights - United Parks & Resorts (PRKS) is expected to report a quarterly loss of $0.23 per share, a decline of 35.3% year-over-year, with revenues forecasted at $293.9 million, reflecting a decrease of 1.2% compared to the previous year [1] - The consensus EPS estimate has been revised down by 3.6% over the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue and Attendance Metrics - Analysts project 'Food, merchandise and other' revenues to reach $131.88 million, a year-over-year increase of 0.2% [5] - 'Admissions' revenue is estimated at $163.59 million, indicating a year-over-year decline of 1.3% [5] - 'Total revenue per capita' is forecasted to be $87.12, compared to $86.21 from the previous year [5] Attendance and Spending Metrics - Attendance is expected to be 3,370, down from 3,450 in the same quarter last year [6] - 'Admissions per capita' is projected at $48.42, slightly up from $48.06 year-over-year [6] - 'In-Park per capita spending' is forecasted to reach $39.04, compared to $38.15 from the previous year [6] Stock Performance - Over the past month, shares of United Parks & Resorts have returned +2.7%, while the Zacks S&P 500 composite has increased by +11.3% [7] - Currently, PRKS holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near future [7]
Earnings Preview: United Parks & Resorts (PRKS) Q1 Earnings Expected to Decline
ZACKS· 2025-05-05 15:05
United Parks & Resorts (PRKS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Ma ...
The Legacy Continues: North America's Longest Inverted Family Coaster Opens at Busch Gardens Williamsburg on May 23 with the Return of the Big Bad Wolf
Prnewswire· 2025-05-01 17:00
Core Points - Busch Gardens Williamsburg is celebrating its 50th anniversary with a series of events starting May 16, 2025, including the opening of a new attraction, The Big Bad Wolf: The Wolf's Revenge, on May 23 [1][3][5] - The new coaster is designed to be family-friendly, featuring over 2,500 feet of track and speeds up to 40 miles per hour, with height requirements ensuring accessibility for children [2][8] - Special offers and events are planned for the anniversary, including discounted beer, commemorative merchandise, and free admission for visitors born in May 1975 [3][4] Anniversary Celebration - The 50th Anniversary Celebration includes a lookback presentation on May 16, featuring historical photos and stories, led by Park President Kevin Lembke [4] - The celebration will also feature a 1970s cover band, fireworks, and special photo opportunities throughout the park [3][4] - The first 1,000 guests on May 16 will receive a limited-edition 50th Anniversary item [4] New Attraction Details - The Big Bad Wolf: The Wolf's Revenge is North America's longest family inverted coaster, set in a Bavarian village theme [2] - The ride is designed for family enjoyment, with a minimum height requirement of 42 inches when accompanied by an adult and 48 inches unaccompanied [2][8] - A Grand Opening Ceremony for the new attraction will take place on May 23, featuring a ribbon-cutting and DJ dance party [5] Membership and Promotions - Busch Gardens is offering a limited-time flash sale with over 30% off Fun Cards and Memberships, which provide unlimited visits and additional perks [6][8] - Members will have exclusive early access to ride The Big Bad Wolf: The Wolf's Revenge from May 16 to 18 [8]
UNITED PARKS & RESORTS INC. ANNOUNCES FIRST QUARTER EARNINGS RELEASE DATE AND CONFERENCE CALL INFORMATION
Prnewswire· 2025-04-30 20:05
Company Announcement - United Parks & Resorts Inc. will release its first quarter financial results before the market opens on May 12, 2025 [1] - A conference call is scheduled for May 12, 2025, at 9 a.m. Eastern Time, which will be broadcast live on the company's website [1] Replay Information - A replay of the conference call will be available starting at approximately 12 p.m. Eastern Time on May 12, 2025 [2] - The replay can be accessed telephonically until 11:59 p.m. Eastern Time on May 19, 2025, using specific dialing codes for the U.S., Canada, and international locations [2] Company Overview - United Parks & Resorts Inc. is a global theme park and entertainment company with a diverse portfolio of brands, including SeaWorld®, Busch Gardens®, and Discovery Cove [3] - The company operates 13 parks across the United States and Abu Dhabi, offering various family-friendly experiences and educational presentations with wildlife [3] - United Parks & Resorts is recognized for its commitment to animal welfare and has a legacy of rescuing over 41,000 animals in need over the past 60 years [3]
Busch Gardens Tampa Bay Launches Nearly $40 Million Park Transformation Under New Leadership
Prnewswire· 2025-04-29 14:00
Core Insights - Busch Gardens Tampa Bay is making a significant investment of nearly $40 million to enhance the park's offerings and guest experiences under the new leadership of Park President Jeff Davis [1][2] Investment and Enhancements - The investment will cover infrastructure, operations, staff recruitment, and aesthetic improvements, including new animal habitats and dining experiences [2] - Recent years have seen consistent innovation with multimillion-dollar attractions like Iron Gwazi, Serengeti Flyer, and Phoenix Rising, reinforcing the park's status as a premier destination [2] New Attractions - The upcoming Wild Oasis at Jungala will feature animal encounters, rides, and interactive play zones, designed to provide unforgettable family experiences [3] - New animal species, including capybaras, giant anteaters, squirrel monkeys, and meerkats, will be introduced, alongside enhancements to existing habitats [4] Culinary Experiences - Executive Chef Lavon Smith is introducing new culinary offerings, including full-service venues and a Food & Wine Festival featuring diverse global cuisines [5] Entertainment and Events - Summer Nights will return with extended hours, new shows, and a nighttime spectacular, enhancing the park's entertainment offerings [6] - Adventure Island will also see new attractions, including the interactive splash area Castaway Falls, aimed at providing fun for all ages [7] Annual Pass Benefits - Annual Pass Members will receive early access to new attractions and exclusive perks, with passes available starting at $15.75 per month [8] Company Overview - Busch Gardens Tampa Bay is a 300-acre theme park that combines thrilling rides with an AZA accredited zoo, offering a unique experience for guests of all ages [9]
United Parks & Resorts Kicks Off Nationwide Recruitment Week for 5,000 Summer Positions Coast to Coast Across All Parks
Prnewswire· 2025-04-28 14:00
Core Insights - United Parks & Resorts is hosting a national summer hiring event from May 5-9 to fill over 5,000 positions across its seven theme park brands [1][2] - The company is hiring for various roles including Lifeguards, Ride Operations, Food & Beverage, Retail, Guest Services, and more [2] - United Parks & Resorts emphasizes a positive work environment with perks such as free park admission, discounts, and exclusive events for employees [3] Company Overview - United Parks & Resorts Inc. operates a diverse portfolio of award-winning park brands including SeaWorld®, Busch Gardens®, and Discovery Cove, among others [5] - The company manages 13 parks across seven markets in the United States and Abu Dhabi, offering thrilling rides and educational wildlife experiences [5] - United Parks & Resorts is recognized for its commitment to animal welfare and has rescued over 41,000 animals in nearly 60 years of operation [5]
Busch Gardens Parks Honor Military Appreciation Month with Free Park Admission to Active-Duty U.S. Military, Veterans and Their Families Through Annual Waves of Honor Program
Prnewswire· 2025-04-23 16:00
Core Points - Busch Gardens parks are offering free one-day admission for U.S. military veterans and up to three guests in honor of Military Appreciation Month, with registration open until May 11 and visits allowed until July 6 [1][3] - The Waves of Honor program has provided complimentary park access to over 10 million military guests, including active-duty members, veterans, and their families over the past 20 years [2] - Active-duty military and their guests can enjoy complimentary admission year-round, with additional discounts available through MWR and ITT offices [4] Company Overview - Busch Gardens Tampa Bay features 300 acres of attractions, including an AZA accredited zoo with over 16,000 animals and more than 200 species, offering a unique blend of rides and seasonal events [5] - Busch Gardens Williamsburg is themed around European adventures, featuring over 100 acres of attractions, top-rated roller coasters, and award-winning entertainment [6] - Both parks are part of United Parks & Resorts, Inc. (NYSE: PRKS), a leading theme park and entertainment company focused on providing meaningful experiences and promoting wildlife conservation [5][6]
SeaWorld Parks Honor Military Appreciation Month with Free Park Admission to Active-Duty U.S. Military, Veterans and Their Families Through Annual Waves of Honor Program
Prnewswire· 2025-04-23 16:00
Group 1 - SeaWorld parks are offering free one-day admission for U.S. military veterans and up to three guests as part of Military Appreciation Month, with registration open until May 11 and visits allowed until July 6 [1][3] - The Waves of Honor program has provided complimentary park access to over 10 million military guests, including active-duty members, veterans, and their families over the past 20 years [2] - Active-duty military personnel and their dependents can enjoy one complimentary admission per year, with additional discounts available through military base programs [4] Group 2 - SeaWorld is recognized as a leading marine life theme park and accredited zoo, focusing on education and conservation, welcoming millions of guests annually [6] - The company has contributed over $20 million to nearly 1,400 organizations for marine conservation research since the establishment of the SeaWorld Conservation Fund in 2003 [6] - SeaWorld operates parks in Orlando, San Antonio, San Diego, and Abu Dhabi, and is part of the United Parks & Resorts portfolio [6]
Expedition Odyssey to Open May 1 at SeaWorld Orlando -- A First-of-Its-Kind Arctic Adventure
Prnewswire· 2025-04-18 14:00
Core Concept - SeaWorld Orlando is set to open Expedition Odyssey, an innovative Arctic-themed attraction on May 1, 2025, which combines advanced ride technology with real-world footage and wildlife encounters to create an immersive experience [1][8]. Attraction Features - Expedition Odyssey features a next-generation ride system that offers a wide range of motion, enhancing the realism of the experience as guests navigate through glaciers, tundra, and the Arctic Ocean [2][3]. - The attraction includes custom-shot video footage from remote Arctic locations, providing authenticity and showcasing iconic Arctic wildlife such as polar bears, orcas, and walruses [3]. Family-Friendly Experience - Designed for adventurers of all ages, Expedition Odyssey has a height requirement of only 39 inches, allowing both children and adults to enjoy the experience together [4]. - The attraction is fully indoors, ensuring a year-round experience regardless of weather conditions [4]. Animal Encounters - After the ride, guests can engage in face-to-face encounters with real Arctic animals, including beluga whales and seals, enhancing the educational aspect of the attraction [5][6]. - Uki, a rescued Pacific walrus calf, will be introduced in her new habitat, providing a unique connection for guests [6]. Exclusive Experiences - SeaWorld offers behind-the-scenes experiences, such as the Beluga Whales Up-Close Tour, allowing guests to learn about marine mammals and their conservation [7]. Annual Pass Benefits - An Annual Pass provides unlimited visits, early access to Expedition Odyssey, free parking, and discounts on food and merchandise [9][10]. Company Overview - SeaWorld is a leading marine life theme park and accredited zoo, focusing on education and conservation, welcoming millions of guests annually [11]. - The company has a strong commitment to marine life conservation, having rescued over 41,000 animals and contributed more than $20 million to research initiatives [11].