Financial Performance - Total revenue for the second quarter of 2024 was $497.6 million, a 0.3% increase from the second quarter of 2023[5] - Net income for the second quarter of 2024 was $91.1 million, reflecting a 4.7% increase from the second quarter of 2023[5] - Adjusted EBITDA for the second quarter of 2024 was $218.2 million, a decrease of 2.7% from the second quarter of 2023[5] - For the first six months of 2024, total revenue reached a record $795.0 million, up 0.7% from the same period in 2023[2] - Net income for the first six months of 2024 was $79.9 million, an increase of 13.2% compared to the first six months of 2023[2] - Net revenues for Q2 2024 were $497.59 million, a slight increase of 0.3% compared to $496.03 million in Q2 2023[20] - Operating income for Q2 2024 was $164.30 million, reflecting an increase of 5.8% from $155.38 million in Q2 2023[20] - Net income for Q2 2024 was $93.31 million, up 4.7% from $89.31 million in Q2 2023[20] - Earnings per share (diluted) for Q2 2024 were $1.46, compared to $1.35 in Q2 2023, representing an increase of 8.15%[20] - Net income for the three months ended June 30, 2024, was $91,124, an increase of $4,069 or 4.7% compared to $87,055 for the same period in 2023[21] - Adjusted EBITDA for the three months ended June 30, 2024, was $218,153, a decrease of $6,094 or 2.7% from $224,247 in the prior year[21] Attendance and Guest Engagement - Attendance for the second quarter of 2024 was 6.2 million guests, an increase of 0.8% from the second quarter of 2023[5] - In-park per capita spending for the second quarter of 2024 increased 2.5% to a record $37.76[5] - Attendance for the three months ended June 30, 2024, was 6,186, an increase of 47 or 0.8% compared to 6,139 in the same period last year[25] - Total revenue per capita for the six months ended June 30, 2024, was $82.50, a decrease of $0.44 or 0.5% from $82.94 in the prior year[25] - The company anticipates continued growth in user engagement and attendance, despite potential economic challenges[18] - Future guidance indicates a cautious optimism for revenue growth, with expectations of increased attendance and spending per guest[18] Costs and Expenses - Total costs and expenses for Q2 2024 were $333.29 million, a decrease of 2.2% from $340.91 million in Q2 2023[20] Share Repurchase and Capital Expenditures - The company repurchased 4.1 million shares for approximately $213.4 million during the second quarter, with $286.6 million remaining under the Share Repurchase Program[3] - Capital expenditures for the six months ended June 30, 2024, totaled $166,814, an increase of $21,227 or 14.6% compared to $145,587 in the same period of 2023[24] Debt and Financial Position - Long-term debt, including current maturities, increased to $2,271,183 as of June 30, 2024, compared to $2,125,500 at the end of 2023[23] - Deferred revenue as of June 30, 2024, was $230,496, an increase from $155,614 at the end of 2023[23] - The company reported a total stockholders' deficit of $(364,940) as of June 30, 2024, compared to $(208,216) at the end of 2023[23] - Interest expense for the three months ended June 30, 2024, was $39,386, an increase of $2,432 or 6.6% from $36,954 in the same period last year[21] International Visitation - International visitation showed improvement compared to the previous year, although it remains down compared to 2019[3] Future Outlook - The company expects to achieve new records in revenue and Adjusted EBITDA for the full year 2024[3] - The company is focused on expanding its market presence and enhancing guest experiences through new attractions and technology[18]

ORLANDO, Fla., Aug. 7, 2024 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS), a leading theme park and entertainment company, today reported its financial results for the second quarter and first six months of fiscal year 2024. Second Quarter 2024 Highlights Attendance was 6.2 million guests, an increase of approximately 0.05 million guests or 0.8% from the second quarter of 2023. Total revenue was $497.6 million, an increase of $1.6 million or 0.3% from the second quarter of 2023. Net income was $9 ...

Wall Street analysts forecast that United Parks & Resorts (PRKS) will report quarterly earnings of $1.54 per share in its upcoming release, pointing to a year-over-year increase of 14.1%. It is anticipated that revenues will amount to $499.79 million, exhibiting an increase of 0.8% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective rec ...

ORLANDO, Fla., July 29, 2024 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS) (the "Company"), a leading theme park and entertainment company, today announced its preliminary second quarter financial results. The Company's financial statements for the three and six months ended June 30, 2024 are not yet complete. Accordingly, the Company is presenting the following preliminary estimates for the three and six months ended June 30, 2024. Given the timing of these estimates, the Company has not complet ...

All guests can now feel the rush of the wind and the thrill of flight aboard North America's Tallest and Longest Inverted Family Coaster TAMPA, Fla., July 22, 2024 /PRNewswire/ -- Busch Gardens Tampa Bay today announced the grand opening of Phoenix Rising, the most anticipated coaster of 2024. Now open to the public, guests can ride on the wings of the legendary phoenix aboard North America's tallest and longest inverted family coaster, only at Busch Gardens Tampa Bay. Phoenix Rising is the park's tenth rol ...

About United Parks & Resorts Inc. For those unable to participate in the live webcast, a replay will be available beginning at approximately 12 p.m. Eastern Time on August 7, 2024, under the "Events & Presentations" tab of www.UnitedParksInvestors.com. A replay of the call can also be accessed telephonically from 12 p.m. Eastern Time on August 7, 2024, through 11:59 p.m. Eastern Time on August 14, 2024, by dialing (877) 344-7529 from anywhere in the U.S., (855) 669- 9658 from anywhere in Canada, or (412) 31 ...

Aboard Phoenix Rising, riders will be immersed in an exciting, family-friendly adventure as they soar above Busch Gardens Tampa Bay's Serengeti Plain and navigate through thrilling twists and turns above the skies of Pantopia. Inspired by the legend of the phoenix, this suspended roller coaster offers surprises and speeds reaching 44 miles per hour. With a height requirement of just 42 inches, guests of all ages can let their imagination—and their adrenaline—soar as they feel the rush of the wind and the th ...

Core Insights - SeaWorld Orlando has launched a new attraction, Penguin Trek, which is a family launch coaster located in the newly developed Antarctica Realm [1][2] - The ride features innovative design elements, accommodating riders from 42 inches to 77 inches tall, and includes two powerful launches reaching speeds of up to 43 mph along a 3,020-foot track [2][3] - The Antarctica Realm also includes dining options and wildlife encounters, enhancing the overall guest experience [4] Company Developments - Penguin Trek is positioned as a significant addition to SeaWorld Orlando's coaster lineup, joining award-winning rides like Mako and Ice Breaker [3] - The new attraction emphasizes SeaWorld's commitment to animal care and conservation, culminating in an immersive penguin habitat experience [2][3] Guest Experience Enhancements - The Antarctica Realm features air-conditioned queue lines and unique snowmobile-styled ride cars, providing comfort and excitement for guests [2] - Dining options include South Pole Sips for beverages and the reopened Expedition Café, offering a diverse menu [4] Marketing and Promotions - Club Wyndham has partnered with SeaWorld to offer a themed suite inspired by the Antarctica Realm, with a portion of bookings supporting the SeaWorld Conservation Fund [5][7] - The Club Wyndham SeaWorld Suite includes amenities and themed experiences, available for reservations during specific dates [8][13] Annual Pass and Ticket Sales - SeaWorld is promoting its Annual Pass and Fun Card options, with discounts of up to 55% available until July 14, 2024 [10] - The Fun Card provides park admission through December 31, 2024, at a price of $99.99, making it an attractive option for frequent visitors [10]

DOWNLOAD HIGH-RES IMAGES HERE From going behind-the-scenes with sharks to experiencing thrilling rides inspired by the oceans' VIPs (Very Important Predators), there's "So Much More to Sea" at SeaWorld this year as its 60th Anniversary celebrations continue. Available for a limited time during the week-long shark celebration happening July 7th to 14th, this exclusive ticket offers guests the chance to encounter 21 different species and nearly 300 sharks that call SeaWorld home in Orlando, San Antonio and Sa ...

United Parks & Resorts Inc. (NYSE:PRKS) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Matthew Stroud - Investor Relations Marc Swanson - Chief Executive Officer James Forrester - Interim Chief Financial Officer & Treasurer Conference Call Participants Steven Wieczynski - Stifel Matthew Boss - JPMorgan Chris Woronka - Deutsche Bank James Hardiman - Wedbush Securities Thomas Yeh - Morgan Stanley Paul Golding - Macquarie Lizzie Dove - Goldman Sachs Operator Good day, and welcome ...