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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35883 United Parks & Resorts Inc. (Exact name of registrant as specified in its charter) Delaware 27-1220297 (State or othe ...

Financial Data and Key Metrics - Total revenue for Q3 2024 was $545.9 million, a decrease of $2.3 million or 0.4% compared to Q3 2023, primarily due to a decrease in attendance partially offset by an increase in total revenue per capita [33] - Attendance decreased by approximately 100,000 guests or 1.4% in Q3 2024 compared to the prior year quarter, largely due to adverse weather and a negative calendar shift, which combined impacted approximately 320,000 guests [34] - Total revenue per capita increased by 1.0%, with admission per capita up 0.5% and in-park per capita spending up 1.6% [35] - Net income for Q3 2024 was $119.7 million, down from $123.6 million in Q3 2023, while adjusted EBITDA decreased by $8 million to $258.4 million [38] - Year-to-date revenue for 2024 was $1.34 billion, a 0.2% increase, with net income up $5.5 million to $199.6 million and adjusted EBITDA down 1.3% to $555.7 million [39] Business Line Performance - In-park per capita spending reached a record high, with growth in 17 of the last 18 quarters, driven by pricing initiatives [9][35] - The mobile app saw over 12 million downloads, up from 10.7 million in Q2, with a 35% increase in average transaction value for food and beverage orders compared to point-of-sale transactions [26] - The premium pass program launched recently saw sales increase by over 10%, contributing to a double-digit rise in group bookings and Discovery Cove bookings for 2025 [15][44] Market Performance - Hurricane Milton in October significantly impacted attendance, resulting in 14 operating day closures in Florida and extended recovery in Tampa, though attendance rebounded by 8% in the three weeks post-hurricane [12][67] - The Halloween season saw record-breaking attendance for the Howl-O-Scream event, excluding the Tampa park [11] - The company is optimistic about the upcoming Christmas events, expecting them to be the best ever, with new attractions and holiday offerings [13] Strategic Direction and Industry Competition - The company announced new rides, attractions, and upgrades for 2025, including immersive experiences and animal-themed attractions across multiple parks [17][18][19][20] - The company is focusing on cost-saving initiatives, with $20 million in new initiatives planned for 2025 and an additional $7 million in run-rate impact from 2024 initiatives [24] - The company is exploring opportunities to monetize its real estate holdings, including hotel development and other strategic projects [29][77] Management Commentary on Operating Environment and Future Outlook - Management highlighted the impact of adverse weather and calendar shifts on Q3 results but remains optimistic about demand trends for 2025, with double-digit increases in intended date ticket sales and group bookings [8][15] - The company is confident in its ability to recover from weather-related impacts and grow through new attractions and initiatives, aiming to return to record performance levels [54][55] - Management emphasized the strength of the balance sheet, with a net total leverage ratio of 2.98x and $759 million in total available liquidity, providing flexibility for future investments [23][40] Other Key Information - The company repurchased 4.9 million shares, or over 8% of outstanding shares, since June, totaling 9.4 million shares or 15% of outstanding shares year-to-date [10][21] - Deferred revenue as of September 2024 was $155.7 million, a 3.3% decrease compared to September 2023, with month-to-month pass holder revenue not reflected in deferred revenue [42][43] - CapEx for Q3 2024 was $55.4 million, with $35.1 million allocated to core CapEx and $20.3 million to expansion or ROI projects [45] Q&A Session Summary Question: Impact of Weather on 2024 Results and 2025 Outlook - Management acknowledged that record revenue and EBITDA for 2024 are unlikely due to adverse weather, particularly Hurricane Milton, which impacted October results [53] - For 2025, the company expects to recover from weather-related losses and grow through new attractions and initiatives, aiming to return to record performance levels [54][55] Question: Competition in Orlando Market - The company believes its differentiated product, value proposition, and ease of access will help it compete effectively against new entrants in the Orlando market [58][59][60][61][62] Question: Attendance Trends and Q4 Outlook - Attendance trends in Q3 were impacted by weather and calendar shifts, but post-Hurricane Milton, attendance rebounded by 8% in the three weeks ending November 3 [66][67][68] - Management expects strong demand for upcoming Christmas events and is optimistic about Q4 performance [13][68] Question: Cost Efficiency Opportunities - The company has identified $20 million in new cost-saving initiatives for 2025 and expects an additional $7 million in run-rate impact from 2024 initiatives [24][69] Question: Revenue to EBITDA and Cash Flow Walk - The decrease in EBITDA was driven by higher labor-related costs and third-party consulting expenses, partially offset by lower non-cash fixed asset write-offs [36][38] - Cash flow from operations was impacted by working capital adjustments, but management noted no significant concerns [73][74][75] Question: Real Estate Monetization - The company is exploring opportunities to monetize its real estate holdings, including hotel development and other strategic projects, with discussions ongoing with potential partners [29][77] Question: Capital Allocation Priorities - The company is nearing completion of its $500 million share repurchase program and is considering future capital allocation options, including dividends and real estate investments [80][81] Question: Hurricane Impact on EBITDA - Hurricane Milton had a significant EBITDA impact, estimated at $9-10 million, with potential lingering effects into Thanksgiving and Christmas [83][84][85] Question: Pricing Strategy and App Penetration - The company sees opportunities to increase pricing, particularly in Orlando, and is focused on growing mobile app penetration, which currently accounts for less than one-third of transactions [103][104][105][108] Question: Forward Booking Trends - 2025 intended date ticket sales are pacing up double digits, with strong demand for premium passes and group bookings [15][111][112] Question: CapEx Allocation and ROI Projects - ROI projects focus on food and beverage offerings, exit retail, and technology-driven efficiencies, with significant opportunities in dynamic pricing and mobile app integration [120][121][122][123][124]

For the quarter ended September 2024, United Parks & Resorts (PRKS) reported revenue of $545.9 million, down 0.4% over the same period last year. EPS came in at $2.08, compared to $1.92 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $551.75 million, representing a surprise of -1.06%. The company delivered an EPS surprise of -5.45%, with the consensus EPS estimate being $2.20.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

United Parks & Resorts (PRKS) came out with quarterly earnings of $2.08 per share, missing the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.45%. A quarter ago, it was expected that this theme park operator would post earnings of $1.54 per share when it actually produced earnings of $1.50, delivering a surprise of -2.60%.Over the last four qua ...

Exhibit 99.1 United Parks & Resorts Inc. Reports Third Quarter and First Nine Months 2024 Results ORLANDO, FL, November 7, 2024 - United Parks & Resorts Inc. (NYSE: PRKS), a leading theme park and entertainment company, today reported its financial results for the third quarter and first nine months of fiscal year 2024. Third Quarter 2024 Highlights • Attendance was 7.0 million guests, a decrease of approximately 0.1 million guests or 1.4% from the third quarter of 2023. • Total revenue was $545.9 million, ...

ORLANDO, Fla., Nov. 7, 2024 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS), a leading theme park and entertainment company, today reported its financial results for the third quarter and first nine months of fiscal year 2024.Third Quarter 2024 Highlights Attendance was 7.0 million guests, a decrease of approximately 0.1 million guests or 1.4% from the third quarter of 2023. Total revenue was $545.9 million, a decrease of $2.3 million or 0.4% from the third quarter of 2023. Net income was $119.7 mi ...

The upcoming report from United Parks & Resorts (PRKS) is expected to reveal quarterly earnings of $2.19 per share, indicating an increase of 14.1% compared to the year-ago period. Analysts forecast revenues of $551.75 million, representing an increase of 0.6% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 6.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. ...