ORLANDO, Fla., Oct. 24, 2024 /PRNewswire/ -- SeaWorld is proud to honor those that serve and their families by extending the Military Annual Pass to include veterans as well as active duty military for a limited time. Previously, the Military Annual Pass offer was only available to active duty military. Now, veterans who purchase a Military Annual Pass will enjoy unlimited admission with no blockout dates and free parking through the end of 2025. Veterans and active duty United States Armed Forces personnel ...

ORLANDO, Fla., Oct. 17, 2024 /PRNewswire/ -- Following Hurricane Milton, United Parks & Resorts is showing its appreciation to first responders and lineworkers by offering FREE admission to its parks. First responders and lineworkers are eligible to redeem up to two free tickets as a thank you for their round-the-clock support through and following the storm. First responders' tickets can be redeemed online between now and October 31 at either SeaWorld Orlando or Busch Gardens Tampa Bay and are valid for on ...

ORLANDO, Fla., Oct. 9, 2024 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS) announced today that it will release its third quarter financial results before the market opens on Thursday, November 7, 2024. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet on Thursday, November 7, 2024, at 9 a.m. Eastern Time. The release and the conference call can be accessed via the Company's website at www.UnitedParksInvestors.com. For thos ...

Core Viewpoint - SeaWorld Orlando has welcomed a rescued Pacific walrus calf named Ukiaq, who is receiving specialized care after being deemed non-releasable by the US Fish & Wildlife Service [2][3][4] Group 1: Ukiaq's Background and Arrival - Ukiaq was found orphaned on the beaches of Utqiagvik, Alaska, and was transported to the Alaska SeaLife Center for immediate medical care [6][9] - The walrus calf arrived at SeaWorld Orlando on September 18, weighing approximately 220 pounds [2][3] - SeaWorld Orlando was selected as Ukiaq's long-term home due to its experienced staff and existing walrus herd, which provides a nurturing environment [3][4] Group 2: Care and Rehabilitation - SeaWorld's animal care specialists are providing 24/7 care, including a tailored feeding plan and ongoing medical evaluations [4][6] - Ukiaq will not be introduced to guest-facing habitats immediately, allowing her time to acclimate to her new surroundings [5][6] Group 3: Conservation and Education Efforts - Ukiaq's story emphasizes the importance of global collaboration in marine mammal rescue, involving community members, the Alaska SeaLife Center, and SeaWorld Orlando [9] - As she grows stronger, Ukiaq will serve as an ambassador for her species, educating the public about the challenges Pacific walruses face in the wild [10] Group 4: SeaWorld's Commitment to Conservation - SeaWorld has a long-standing commitment to wildlife rescue and rehabilitation, having helped over 41,000 animals to date [11] - The SeaWorld Conservation Fund has provided more than $20 million to advance critical research globally [11]

MarijanaPlay The last decade has unquestionably been tumultuous for United Parks & Resorts (NYSE:PRKS), and it seems many investors still view the business as having a bit of an "ick" factor, given its baggage from the Blackwater documentary. But looking forward, there is reason to believe that brighter days are ahead. In February of this year, the company changed its name to the current moniker to reflect its broader range of properties. They've finally regained leadership stability in the popular Marc Swa ...

Core Viewpoint - The near-term performance of United Parks & Resorts (PRKS) is expected to remain weak due to a poor discretionary spending environment, declining foot traffic data, and negative comments from peers [2][5][13] Company Overview - PRKS operates theme parks in the United States under various brands, including SeaWorld and Busch Gardens, and generates revenue from ticket sales and food, merchandise, and other sources [3] Earnings Results Update - In 2Q24, PRKS reported total revenue of $498 million, with admissions revenue at $264 million and food, merchandise, and other revenue at $233.6 million; attendance grew by 80 basis points year-over-year, but admissions revenue per capita fell by 2.9% [4] - The gross margin remained flat, while the adjusted EBITDA margin decreased by approximately 140 basis points [4] Attendance Outlook - The outlook for PRKS's attendance is bleak, influenced by weak discretionary spending and negative indicators from both the company and leisure peers [5][6] - Season pass unit sales declined by 2% in 2Q24, indicating weak demand, and comments from Disney's management highlighted similar concerns about park demand [6] Foot Traffic Data - Foot traffic data for 3Q24 shows a negative trend compared to the previous year, suggesting continued pressure on demand and poor performance expectations for PRKS [8] Revenue and EBITDA Estimates - Consensus estimates for FY24 project revenues of $1.75 billion and EBITDA of $727 million, but achieving these targets may be challenging due to declining foot traffic and a difficult discretionary spending environment [9] Share Buyback Program - PRKS has been actively buying back shares, with approximately 6.7 million shares repurchased year-to-date, valued at around $350 million, which is about 10% of the FY23 market cap [10] Valuation - PRKS's valuation is expected to remain pressured, trading around 7x forward EBITDA, with comparisons to Six Flags Entertainment Corp. (FUN) being more appropriate than to Disney [12] Conclusion - The combination of a challenging discretionary spending environment, declining foot traffic, and negative peer comments leads to a neutral outlook for PRKS, despite the positive share buyback activity [13]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share PRKS New York Stock Exchange 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 June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EX ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $497.6 million, an increase of $1.6 million or 0.3% compared to Q2 2023 [13] - Attendance increased by approximately 47,000 guests or 0.8% year-over-year [14] - Net income for Q2 2024 was $91.1 million, up from $87.1 million in Q2 2023 [16] - Adjusted EBITDA was $218.2 million, a decrease of $6.1 million compared to Q2 2023 [16] - For the first half of 2024, total revenue was $795 million, an increase of $5.6 million or 0.7% [16] Business Line Data and Key Metrics Changes - In-park per capita spending increased by 2.5%, while total revenue per capita decreased by 0.4% [14] - Admission per capita decreased by 2.9% due to lower pricing on certain promotional admission products [14] Market Data and Key Metrics Changes - International visitation was up compared to the prior year, although still down compared to 2019 [6] - The deferred revenue balance as of June 30, 2024, was $230.5 million, an increase of approximately 3.5% compared to June 2023 [18] Company Strategy and Development Direction - The company is focused on driving total revenue and believes it can grow per capita spending over time through various initiatives [21][22] - There is a strong emphasis on cost management, with expected realized savings of approximately $50 million in 2024 [10] - The company is investing in digital transformation, including CRM capabilities and a mobile app to enhance customer engagement [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving new records in revenue and adjusted EBITDA for the full year 2024 [7] - The company is optimistic about upcoming events such as Halloween and Christmas, which are expected to drive attendance and revenue [20] - Management noted that the business has remained resilient even in challenging economic conditions [34] Other Important Information - The company repurchased approximately $6.3 million shares since the end of March through August 5, 2024, representing nearly 10% of outstanding shares [5] - The June 30, 2024, net leverage ratio was 2.76 times, with total liquidity of approximately $605 million [9][17] Q&A Session Summary Question: Can you provide more color on the pressure seen in admissions per capita? - Management indicated that they are focused on driving total revenue and may use promotional offers that could impact per capita metrics [21][22] Question: What is the outlook for the second half of the year regarding EBITDA? - Management highlighted various initiatives, including events and cost efficiencies, to drive performance in the second half [25][26] Question: How is the consumer health picture evolving? - Management noted that in-park per capita spending is up, indicating a positive consumer sentiment [39] Question: What are the plans for marketing ahead of Universal's new park opening? - Management confirmed that they will ramp up marketing efforts and leverage their unique value proposition to attract visitors [51][54] Question: What is the strategy for the 2025 pass product lineup? - Management stated that they will continue to offer compelling benefits to pass holders and aim to secure their commitment [55]

For the quarter ended June 2024, United Parks & Resorts (PRKS) reported revenue of $497.59 million, up 0.3% over the same period last year. EPS came in at $1.50, compared to $1.35 in the year-ago quarter. The reported revenue represents a surprise of -0.44% over the Zacks Consensus Estimate of $499.79 million. With the consensus EPS estimate being $1.54, the EPS surprise was -2.60%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

United Parks & Resorts (PRKS) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.60%. A quarter ago, it was expected that this theme park operator would post a loss of $0.29 per share when it actually produced a loss of $0.17, delivering a surprise of 41.38%. Over the last four quart ...