Core Insights - United Parks & Resorts reported revenue of $384.38 million for the quarter ended December 2024, reflecting a year-over-year decline of 1.2% [1] - The earnings per share (EPS) for the quarter was $0.53, down from $0.62 in the same quarter last year, indicating a surprise of -14.52% against the consensus estimate of $0.62 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $377.31 million by 1.88% [1] Financial Performance Metrics - Total revenue per capita was $78.75, slightly below the four-analyst average estimate of $79.26 [4] - Attendance figures reached 4,881, surpassing the average estimate of 4,839 based on four analysts [4] - Admissions per capita stood at $43.61, lower than the three-analyst average estimate of $44.52 [4] - In-Park per capita spending was $35.14, exceeding the average estimate of $34.70 from three analysts [4] - Food, merchandise, and other revenue totaled $171.52 million, above the three-analyst average estimate of $167.76 million [4] - Admissions revenue was reported at $212.86 million, slightly below the three-analyst average estimate of $215.31 million [4] Stock Performance - Shares of United Parks & Resorts have returned +5.2% over the past month, contrasting with a -2.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - United Parks & Resorts reported quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.62 per share, representing a year-over-year decline from $0.62 per share [1] - The company posted revenues of $384.38 million for the quarter, surpassing the Zacks Consensus Estimate by 1.88%, but down from $388.97 million a year ago [2] Earnings Performance - The earnings surprise for the recent quarter was -14.52%, and the company has surpassed consensus EPS estimates only once in the last four quarters [1][2] - A quarter ago, the company was expected to post earnings of $2.20 per share but reported $2.08, resulting in a surprise of -5.45% [1] Stock Performance - United Parks & Resorts shares have declined approximately 2.8% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.22 on revenues of $298.03 million, while the estimate for the current fiscal year is $4.50 on revenues of $1.74 billion [7] - The trend of estimate revisions for United Parks & Resorts has been unfavorable ahead of the earnings release [6] Industry Context - The Leisure and Recreation Services industry is currently ranked in the top 19% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Total revenue for Q4 2024 was $384.4 million, a decrease of $4.6 million or 1.2% from Q4 2023[10] - Net income for Q4 2024 was $27.9 million, a decrease of $12.2 million or 30.3% from Q4 2023[10] - Adjusted EBITDA for Q4 2024 was $144.5 million, a decrease of $6.0 million or 4.0% from Q4 2023[10] - For fiscal 2024, total revenue was $1,725.3 million, a decrease of $1.3 million or 0.1% from fiscal 2023[16] - Fiscal 2024 net income was $227.5 million, a decrease of $6.7 million or 2.9% from fiscal 2023[16] - Net revenues for Q4 2024 were $212.8 million, a decrease of 7.67% from $220.5 million in Q4 2023[38] - Total revenues for the year ended December 31, 2024, were $939.6 million, down 1.5% from $954.0 million in 2023[38] - Operating income for Q4 2024 was $75.75 million, reflecting a decline of 15.1% compared to $89.27 million in Q4 2023[38] - Basic earnings per share for Q4 2024 were $0.51, down from $0.63 in Q4 2023[38] - Total costs and expenses for the year ended December 31, 2024, were $1,262.0 million, a slight decrease of 0.4% from $1,266.0 million in 2023[38] Attendance and Guest Metrics - Attendance in Q4 2024 was 4.9 million guests, a decrease of approximately 79,000 guests or 1.6% compared to Q4 2023[10] - Total revenue per capita for fiscal 2024 increased by 0.2% to a record $80.07 compared to fiscal 2023[18] - Attendance for the three months ended December 31, 2024, was 4,881, a decline of 1.6% from 4,960 in 2023[44] - In-Park per capita spending for the year ended December 31, 2024, was $36.46, an increase of 2.0% from $35.75 in 2023[44] Cash Flow and Capital Expenditures - Free Cash Flow is highlighted as a key liquidity measure, although it excludes mandatory debt service requirements, making it not fully representative of discretionary cash flow[30] - Free cash flow for the year ended December 31, 2024, was $140,500, an increase of 140.6% compared to $58,300 in 2023[43] - Capital expenditures for the year ended December 31, 2024, totaled $248,430, a decrease of 18.5% from $304,836 in 2023[43] - Capital expenditures during the period reflect investments in park rides, attractions, maintenance activities, and park expansion projects[58] Debt and Financial Management - The company repurchased 9.4 million shares of common stock in fiscal 2024 at a total cost of approximately $482.9 million, representing about 15% of total shares outstanding[19] - The company refinanced approximately $1.5 billion in Term Loans in December 2024, resulting in approximately $8 million in annual interest savings[20] - Total long-term debt, including current maturities, increased to $2,263,442 as of December 31, 2024, from $2,125,500 in 2023[41] - Interest expense increased by 37.7% in Q4 2024, totaling $49.91 million compared to $36.25 million in Q4 2023[38] - The company reported a loss on early extinguishment of debt of $1.487 million in Q4 2024, with no comparable figure in Q4 2023[38] Management Insights and Expectations - Management emphasizes the importance of Adjusted EBITDA as it reflects the company's underlying operating performance, which is crucial for investors and analysts[28] - Forward-looking statements indicate potential risks affecting attendance and guest spending, including economic uncertainties and labor shortages[36] - The company acknowledges the impact of external factors such as inflation, supply chain issues, and geopolitical events on its operations and financial performance[36] - Management's expectations and projections are subject to uncertainties, and actual results may vary significantly from these forward-looking statements[36] - The Company expects to realize estimated savings over the following 24-month period related to restructurings and cost savings initiatives[55] Operational Highlights - United Parks & Resorts Inc. operates 13 parks across the U.S. and Abu Dhabi, offering diverse experiences and maintaining a large zoological collection[32] - The company has a legacy of rescuing over 41,000 animals, showcasing its commitment to animal welfare and conservation efforts[32] Performance Metrics - Key performance metrics include total revenue per capita, admission per capita, and in-park per capita spending, which help assess park operations on a per attendee basis[31] - Total revenues are calculated as total revenues divided by attendance, providing insights into revenue generation efficiency[58] - Admissions revenue is calculated as admissions revenue divided by attendance, indicating the performance of ticket sales[58] - Food, merchandise, and other revenue are calculated as revenue divided by attendance, highlighting additional revenue streams[58] - Adjusted EBITDA is defined as net income (loss) before income tax expense, interest expense, depreciation, and amortization, adjusted for certain non-cash items[54] Compliance and Reporting - Covenant Adjusted EBITDA is significant for compliance with financial covenants in the company's credit agreements, providing transparency to investors[29] - The Company’s Debt Agreements allow for the calculation of certain covenants based on Covenant Adjusted EBITDA, which is defined as Adjusted EBITDA for the last twelve-month period further adjusted for net annualized estimated savings related to specified actions[55] - Covenant Adjusted EBITDA includes adjustments for recruiting and retention expenses, public company compliance costs, and litigation costs as permitted by the Debt Agreements[56] - The company provides contact information for investor relations and media inquiries, ensuring transparency and accessibility for stakeholders[37]

Core Insights - United Parks & Resorts Inc. reported strong financial results for Q4 and fiscal year 2024, achieving near record attendance and revenue per capita despite adverse weather conditions [2][4][10] Fourth Quarter 2024 Highlights - Attendance was approximately 4.9 million guests, a decrease of about 79,000 guests from Q4 2023 [10][11] - Total revenue reached $384.4 million, down $4.6 million or 1.2% from Q4 2023 [10][12] - Net income was $27.9 million, a decrease of $12.2 million from Q4 2023 [10][12] - Adjusted EBITDA was $144.5 million, down $6.0 million from Q4 2023 [10][12] - Total revenue per capita increased by 0.4% to $78.75, while admission per capita decreased by 1.9% to $43.61, and in-park per capita spending increased by 3.5% to a record $35.14 [10][12][40] Fiscal 2024 Highlights - Total attendance for the year was approximately 21.5 million guests, a decrease of about 59,000 guests or 0.3% from fiscal 2023 [14][16] - Total revenue for the year was $1,725.3 million, a slight decrease of $1.3 million or 0.1% from fiscal 2023 [14][16] - Net income for the year was $227.5 million, down $6.7 million or 2.9% from fiscal 2023 [14][16] - Adjusted EBITDA for the year was $700.2 million, a decrease of $13.3 million or 1.9% from fiscal 2023 [14][16] - Total revenue per capita increased by 0.2% to a record $80.07, while admission per capita decreased by 1.2% to $43.61, and in-park per capita spending increased by 2.0% to a record $36.46 [14][16][40] Share Repurchase and Financial Strategy - The company repurchased 9.4 million shares, approximately 15% of total shares outstanding, at a total cost of about $482.9 million during fiscal 2024 [4][19] - In Q4 2024, the company repurchased approximately 0.8 million shares for about $37.7 million [19] - The refinancing of Term Loans in December 2024 resulted in approximately $8 million in annual interest savings and extended debt maturities [20] Future Outlook - The company is optimistic about 2025, expecting meaningful growth and new records in revenue and Adjusted EBITDA, assuming no worse weather than in 2024 [8] - Booking trends for 2025 show mid-single-digit growth in international sales and double-digit growth in group bookings [8] Industry Recognition - The company received several accolades in 2024, including SeaWorld Orlando being voted as the 3 Nation's Best Amusement Park and Aquatica Orlando as the 2 for the Nation's Best Outdoor Water Park by USA Today readers [9]

Core Insights - SeaWorld Orlando is enhancing its Seven Seas Food Festival with new performers and the return of Mardi Gras festivities, offering a vibrant experience for guests [2][3] Festival Highlights - The Seven Seas Food Festival will feature a diverse lineup of performers across various genres, including R&B, reggae, rock, and country, with concerts scheduled on select Fridays, Saturdays, and Sundays [2][4] - Mardi Gras celebrations will take place from February 27 to March 2, March 4, and March 6-9, featuring parades, live jazz, and Cajun music, creating an immersive New Orleans experience [3][4] Culinary Offerings - Guests can enjoy a variety of food and drink options, including Gulf Coast-inspired dishes and festive cocktails, enhancing the overall festival experience [5][8] - The festival offers tasting lanyards, with options for 10 samples at $75 and 15 samples at $90, providing guests with a cost-effective way to explore the culinary offerings [6] Ticketing and Membership - The SeaWorld Orlando 2025 Fun Card is available for $136.99, granting admission through December 31, 2025, and access to multiple seasonal events [6] - Annual Passes offer unlimited visits and additional benefits, including early access to new attractions and discounts on merchandise [6] Company Overview - SeaWorld is a leading marine life theme park and accredited zoo, focusing on education and conservation, welcoming millions of guests annually [7] - 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 [7]

Core Points - SeaWorld San Diego has announced its 2025 Summer Spectacular Concert lineup featuring iconic R&B, hip-hop, and rap artists from the 90s and early 2000s [1] - The concert series will take place every Saturday night from June 21 to August 23, 2025, at the Bayside Amphitheater [2] - All concerts are included with park admission, with options for premium seating and drink tickets [3] Concert Lineup - June 21: Baby Bash, known for hits like "Suga Suga" and collaborations with T-Pain and Akon [4] - June 28: Ying Yang Twins, famous for "Whistle While You Twurk" and "Salt Shaker" [5] - July 12: Soulja Boy and Bow Wow, both chart-topping artists with iconic tracks [6] - July 19: Fat Joe, a legendary figure in hip-hop with hits since 1993 [7] - July 26: Waka Flocka Flame, known for his high-energy performances and trap music [8] - August 2: I Love the 90's Tour featuring artists like Treach of Naughty by Nature and Rob Base [9] - August 9: Trina, a prominent figure in hip-hop with a career spanning over 19 years [10][11] - August 16: Ginuwine, recognized for his hit "Pony" and soulful performances [12] - August 23: Turnt Up Tour featuring Petey Pablo, Paul Wall, J-Kwon, and Twista [12] Additional Activities - Guests can enjoy various activities at SeaWorld San Diego, including parades, stunt shows, educational presentations, and animal exhibits [13] - The park offers a range of rides from family-friendly to high-speed thrills, along with fireworks shows to conclude the day [13] Membership Benefits - Becoming an Annual Pass Member provides unlimited access to events and concerts, starting at $13.50 a month, with additional perks like free guest tickets and exclusive events [14]

ORLANDO, Fla., Feb. 5, 2025 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS) announced today that it will release its fourth quarter and fiscal 2024 financial results before the market opens on Wednesday, February 26, 2025. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet on Wednesday, February 26, 2025, at 9 a.m. Eastern Time. The release and the conference call can be accessed via the Company's website at www.UnitedParksIn ...

Guests who purchase an Annual Pass will get exclusive, first access to explore North America's most immersive kid-friendly adventure realm before it opens to the publicDOWNLOAD MEDIA ASSETSTAMPA, Fla., Jan. 29, 2025 /PRNewswire/ -- Busch Gardens Tampa Bay today announced exciting new details about Wild Oasis, including new animal species coming to the park, a new drop tower ride and new interactive climbing structures, splash pad and more. Located within the Jungala area of the park, the all-new Wild Oasis ...

Core Insights - SeaWorld is set to launch new attractions in Spring 2025 across its parks in Orlando, San Antonio, and San Diego, enhancing family-friendly experiences and marine life education [1][2][3] Group 1: New Attractions - SeaWorld Orlando will introduce an immersive experience that simulates a journey to the Arctic, featuring encounters with marine life such as humpback whales and orcas [3][4] - SeaWorld San Diego will unveil the "Jewels of the Sea: A Jellyfish Experience," showcasing various jellyfish species and interactive exhibits, including a 14-foot-tall jellyfish cylinder [5][6] - SeaWorld San Antonio will launch the "Rescue Jr. hub," an interactive zone focused on animal rescue and rehabilitation, designed for young guests [8][9] Group 2: Experience Enhancements - The new attractions aim to blend adventure with education, encouraging guests to learn about marine conservation while enjoying thrilling experiences [2][3] - The "Journey to Atlantis" ride at SeaWorld San Diego will be reinvented in 2025, incorporating new elements while honoring its original version [7] Group 3: Annual Pass Benefits - SeaWorld is promoting its 2025 Annual Pass, which allows members to be the first to experience the new attractions before they open to the public [10] - The Annual Pass includes exclusive previews of the new attractions across all parks, enhancing the value for frequent visitors [10] Group 4: Company Overview - SeaWorld is recognized as a leading marine life theme park and accredited zoo, focusing on education and conservation efforts, having rescued over 41,000 animals to date [11] - The company has contributed over $20 million to marine conservation research through its non-profit foundation since 2003 [11]

Become a 2025 Pass Member and be the first to experience the new attractions before they open to the public DOWNLOAD HIGH-RES IMAGES & B-ROLL TAMPA, Fla., Jan. 13, 2025 /PRNewswire/ -- Busch Gardens is thrilled to announce its exciting line-up of all-new rides and realms opening in Spring 2025. Guests to the award-winning Busch Gardens parks in Tampa Bay and Williamsburg can look forward to thrilling and immersive experiences the whole family can enjoy. New attractions include North America's longest invert ...