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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
Members will be among the first to ride beginning May 16 during the park's monumental 50thAnniversary Celebration festivities, including a special lookback presentation, 1970s music, fireworks and moreDOWNLOAD MEDIA ASSETS HEREWILLIAMSBURG, Va., May 1, 2025 /PRNewswire/ -- Hear the howl as The Big Bad Wolf: The Wolf's Revenge, Busch Gardens Williamsburg's newest and most immersive family attraction is unleashed on May 23 as North America's longest family inverted coaster. Members will be among the first to ...
UNITED PARKS & RESORTS INC. ANNOUNCES FIRST QUARTER EARNINGS RELEASE DATE AND CONFERENCE CALL INFORMATION
Prnewswire· 2025-04-30 20:05
ORLANDO, Fla., April 30, 2025 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS) announced today that it will release its first quarter financial results before the market opens on Monday, May 12, 2025. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the internet on Monday, May 12, 2025, 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 those unable to ...
Busch Gardens Tampa Bay Launches Nearly $40 Million Park Transformation Under New Leadership
Prnewswire· 2025-04-29 14:00
New Park President, Jeff Davis, unveils sweeping additions and upgrades—including new Wild Oasis at Jungala, new animals and animal habitats, new and improved food experiences, and Adventure Island expansion Big Splash at Adventure Island — New Rides, New Energy: Adventure Island, Tamps Bay's #1 water park, continues to expand its thrills with exciting attractions designed for guests of all ages. As part of the recent investments, families can embark on an aquatic adventure at the brand-new interactive spla ...
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
Interested candidates should apply online at Careers.SeaWorldParks.com. About United Parks & Resorts Inc. ORLANDO, Fla., April 28, 2025 /PRNewswire/ -- United Parks & Resorts, global theme park and entertainment company, is hosting a national summer hiring event from May 5-9 to fill over 5,000 positions across all seven award-winning park brands, including SeaWorld®, Busch Gardens®, Discovery Cove, Sesame Place®, Water Country USA, Adventure Island and Aquatica®. The parks are hiring for a variety of season ...
济宁方特多巴胺元气狂欢 解锁“五一”欢乐荷尔蒙
Qi Lu Wan Bao· 2025-04-28 02:40
多巴胺焰火秀 《岁月如歌》荣耀回归 "五一"假期将至,济宁方特东方欲晓乐园将于5月1日至5日推出"多巴胺元气节"主题活动。活动期间, 夜场限时回归,并将营业时间延长至21:00,打造集活力、创意、文化于一体的沉浸式假日体验。 即日起至4月30日,乐园推出多重特惠票种:129元特惠夜场票、165元特惠夜场套票、199元特惠标准 票,以及99元大学生票,限时返场热卖至5月4日,无论是全天深度畅玩,还是夜场专属狂欢,游客均可提前锁 定超值福利,尽享"五一"假日欢乐。 "五一"惊喜彩蛋: 本次活动,济宁方特以"多巴胺"元素为亮点,打造视觉与互动的双重体验。从入口至主舞台区域,乐园 地面铺设花样地贴,搭配两侧建筑上的巨型花朵装饰,形成"一路生花"梦幻长廊,随手一拍便是活力大片。 "五一"期间,济宁方特将推出"多巴胺焰火秀"限定彩蛋,以缤纷色彩配合梦幻焰火交织升空,宛如七彩 星河倾泻,尽显璀璨烂漫氛围。 各大热门项目附近,"呲水小分队"与"挨锤小分队"将随机发动水枪突袭和充气锤"暴击";《抓捕鬼子 兵》《我是主角》等互动剧情也将同步上线,游客可化身"戏精",加入真人"剧本杀",在爆笑中释放压力,收 获欢乐。 此外,备受期 ...
Six Flags' Stock Reflects Best-Case Scenario—Analyst Warns Of Growth & Cost Risks
Benzinga· 2025-02-28 18:37
Core Insights - J.P. Morgan analyst Matthew R. Boss reiterated an Underweight rating on Six Flags Entertainment Corp (FUN) with a price forecast of $46.00, citing a significant EBITDA miss in Q4 [1] - FUN's Q4 EBITDA fell approximately 30% short of the Street's estimate of $190 million, driven by revenue and cost discrepancies [1][2] - Revenue increased 3.6% year-over-year to $687 million, but was below the Street's forecast of $704 million, resulting in an EBITDA margin of 19.0%, well below the expected 27.0% [2] Attendance and Growth Projections - FUN reported a total of 10.7 million visitors, marking a 6.2% year-over-year increase, slightly missing the Street's projected 6.5% growth [2] - Management indicated a target of 55 million attendees by 2027, with 2025 being a volume-focused year contributing to long-term growth [4] - The company expects a 3% compound annual growth rate (CAGR) from 2025 to 2027, with 2025 likely below this average [4] Pricing and Revenue Strategy - In 2025, the primary focus will be on driving volume, which may involve less aggressive pricing strategies, potentially leading to negative year-over-year growth in admissions per capita [5] - The Street had forecasted a growth of +0.8% in admissions per capita, which is now expected to face downward pressure [5] Market Position and Valuation - The combined entity of FUN, with 42 parks, is well-positioned within the regional theme park sector, benefiting from geographic diversification and opportunities to enhance guest experience [6] - However, these advantages are already reflected in the current valuation, suggesting limited upside potential [6] Risks and Challenges - Potential risks include challenges in regaining attendance, pricing pressure on admissions and in-park spending, and a higher cost base due to differing starting points of the two brands [7] - An elevated capital expenditure cycle required to improve Six Flags' assets could pressure free cash flow and capital allocation, especially given current debt leverage of around 4.8x [7] Stock Performance - FUN shares are trading higher by 2.35% at $44.38 as of the last check [8]
United Parks & Resorts Inc. Reports Fourth Quarter and Fiscal 2024 Results
Prnewswire· 2025-02-26 11:30
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]