Key Points Comcast, Six Flags, and United Parks all saw their stocks fall 20% to 68% in 2025. Comcast, United Parks, and Disney are trading for 7 to 15 times this year's projected earnings. Last year seemed like a perfect climate for the industry, but it didn't happen. Today's pessimism is a good thing. 10 stocks we like better than Comcast › 2025 should have been a great year for the publicly traded operators of national theme parks and regional amusement parks. Comcast (NASDAQ: CMCSA) opened t ...

We came across a bullish thesis on United Parks & Resorts Inc. on Open Insights’s Substack. In this article, we will summarize the bulls’ thesis on PRKS. United Parks & Resorts Inc.'s share was trading at $37.49 as of January 13th. PRKS’s trailing and forward P/E were 11.33 and 7.35, respectively according to Yahoo Finance. Most Profitable Pet Businesses to Start Today wavebreakmedia/Shutterstock.com United Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment ...

Core Insights - SeaWorld is launching an expanded nationwide concert series in 2026, enhancing its live entertainment offerings across U.S. parks during the spring and summer seasons [1][2]. Concert Series Overview - The concert series will feature a mix of nostalgia-driven and contemporary artists, including acts like Flo Rida, Boyz II Men, and The Beach Boys, providing guests with multiple opportunities to enjoy full-length live concerts [2][4]. - Concerts are included with park admission, and an Annual Pass offers flexible access to the entire concert lineup throughout the season [3][10]. Park-Specific Highlights - **SeaWorld Orlando**: The live music series will run from late January through mid-May, featuring over 30 performances spanning six decades of music [4]. - **SeaWorld San Diego**: The series will include 16 live concerts from spring through late summer, integrated with seasonal events like the Seven Seas Food Festival [5][8]. - **SeaWorld San Antonio**: A new live music component will be added to the Seven Seas Food Festival, featuring select concerts during the spring season [9]. Performance Details - The concert lineup will cover various genres, including pop, hip-hop, rap, country, classic rock, and more, with performances scheduled at venues like Bayside Stadium and Bayside Amphitheater [8][18]. - Specific performance dates and artists have been announced, with additional surprise performers expected to be revealed [16][17][23].

Group 1: Tariffs and Legal Developments - The Supreme Court is expected to rule on the legality of tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) [3][4] - If deemed unlawful, the U.S. government may need to refund over $133.5 billion in duties to importers [6] Group 2: Alibaba and Nvidia - Alibaba's shares rose by 3.1% following reports that China may approve the import of Nvidia's H200 AI chips [6][7] - Alibaba is reportedly inquiring about purchasing over 200,000 units of the H200 chips to enhance its large language models and compete with U.S. firms [8] Group 3: Disney's Investment in China - Disney CEO Bob Iger announced plans to continue expanding investments in China, expressing confidence in the country's development [9] - Iger's visit may suggest potential plans for opening another theme park in China, as Disney currently operates Shanghai Disneyland [10]

Core Viewpoint - iQIYI announced the opening of its first offline theme park, Yangzhou iQIYI Park, scheduled for February 8, 2026, and appointed the cast of the variety show "Zhong Di Ba" as global ambassadors for the park [2][4]. Group 1: Theme Park Features - Yangzhou iQIYI Park is positioned as a small-scale, rapidly iterating, and highly interactive indoor theme park, differentiating itself from traditional outdoor parks [4]. - The park's core features include "nationally created IP + cutting-edge technology," transforming iQIYI's rich film and television IP into diverse immersive entertainment products [4]. - The park aims to create an engaging environment where visitors can "enter the story" and experience their own narratives through various interactive elements [4]. Group 2: Experience Offerings - The park will include seven core experience areas: immersive theater, interactive light and shadow space, immersive stage performances, iconic film scene check-ins, spontaneous character interactions, social party games, and IP-specific dining and retail [4]. - In the immersive theater, visitors can engage in adventures from "Tang Dynasty Strange Stories" and relive classic scenes from "A Chinese Odyssey" [5]. - The interactive light and shadow space will utilize digital technology to recreate fantastical experiences, allowing visitors to feel the seasonal changes of the vast grasslands from "My Alashan" or encounter romantic scenes from "Canglan Jue" [5]. - The immersive stage performance area will feature panoramic performances with cutting-edge effects, recreating moments from "Lotus House" [5]. - The park will also replicate several iconic film scene check-in locations, allowing visitors to explore settings from "Kuang Biao" and "My Alashan," and interact with real NPCs to trigger exclusive hidden storylines [5].

Group 1 - iQIYI announced the opening of its first offline theme park, Yangzhou iQIYI Park, scheduled for February 8, 2026, and appointed the cast of the variety show "Zhong Di Ba" as global ambassadors for the park [1][3] - The park is designed as a small-scale, rapidly iterative, and highly interactive indoor theme park, focusing on "nationally created IP + cutting-edge technology" as its core features [3][4] - Yangzhou iQIYI Park aims to create an immersive entertainment experience by transforming iQIYI's rich film and television IP into diverse interactive products, allowing visitors to "enter the drama" and participate in their own stories [3][4] Group 2 - The park will feature seven core experience areas, including a sensory theater, interactive light and shadow space, immersive stage performances, iconic film scene check-in spots, spontaneous character interactions, social party games, and IP-specific dining and retail [3][4] - The sensory theater will allow visitors to engage with narratives from popular shows like "Tang Dynasty Strange Stories" and "A Chinese Odyssey," while the interactive space will recreate dreamlike scenes from "My Alashan" and "Canglan Jue" using digital technology [4] - Visitors will also have the opportunity to explore recreated iconic scenes from various shows and interact with real NPCs to trigger exclusive hidden storylines, enhancing the immersive experience [4]

Core Insights - Disney is at a pivotal moment as its streaming segment shows improved profitability while theme park operations remain robust despite industry challenges [2] Streaming Segment Performance - The direct-to-consumer operating income for streaming reached $352 million in Q4 fiscal 2025, marking a 39% increase year over year [2] - Full-year streaming operating income totaled $1.3 billion, a significant recovery from a $4 billion loss three years prior [3] - Combined subscriptions for Disney+ and Hulu reached 196 million, with an addition of 12.4 million subscribers from the previous quarter [3] - Disney+ Core achieved 132 million subscribers, and plans to fully integrate Hulu into Disney+ by 2026 were announced [3] - Management anticipates 10% operating margins for Disney+ and Hulu in fiscal 2026 [3] Theme Parks Performance - The Experiences segment reported a record operating income of $1.9 billion in Q4, up 13%, and a full-year operating income of $10 billion, up 8% [4] - Domestic parks saw a 9% increase in operating income to $920 million, while international parks surged 25% to $375 million, driven by strong performance at Disneyland Paris [4] - Despite a slight 1% decline in domestic attendance, guest spending increased by 5% in Q1 fiscal 2026 [5] - The company projects high single-digit percentage growth for Experiences' operating income in fiscal 2026, with growth expected to be weighted towards the second half [5] Strategic Outlook - Disney's shift towards streaming validates its direct-to-consumer strategy, while the parks continue to thrive through premium pricing [6] - Management forecasts double-digit adjusted earnings growth through fiscal 2027, supported by rising streaming margins [6] Industry Comparisons - Comcast's Universal theme parks experienced a 19% revenue growth to $2.72 billion, driven by the opening of Epic Universe [7] - Six Flags reported a 1% increase in attendance but a 2% decline in revenues, attributing the decline to promotional activities and changes in attendance demographics [8] Valuation and Estimates - Disney shares have returned 1.1% over the past three months, outperforming the Zacks Consumer Discretionary sector's 4.8% decline [9] - The stock is trading at a forward 12-month price/earnings ratio of 16.81X, compared to the industry average of 18.74X [13] - The Zacks Consensus Estimate for Disney's earnings is $6.60 for fiscal 2026, indicating an 11.3% year-over-year growth [15]

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corp. on behalf of investors who acquired shares during the specified Class Period, alleging that the merger with Cedar Fair L.P. was misrepresented regarding the company's operational and capital needs [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement for the merger did not accurately reflect Six Flags' true operational and capital requirements, indicating a history of underinvestment that necessitated significant spending to maintain market share [3]. - Investors who purchased Six Flags securities during the Class Period have until January 5, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Stock Performance - Following the merger's closure on July 1, 2024, Six Flags' stock price initially traded above $55 per share but subsequently plummeted to as low as $20, representing a nearly 64% decline [4].

Core Viewpoint - Six Flags Entertainment Corporation is set to open its first theme park outside the U.S. in Saudi Arabia, marking a significant milestone for the travel and leisure sector [3] Company Summary - Six Flags Qiddiya City in Saudi Arabia is scheduled to open next week, expanding the company's international presence [3]

Core Viewpoint - The chairman of Haichang Ocean Park, Yu Faxiang, has been detained amid investigations into alleged mismanagement related to defaults on multibillion-yuan wealth products issued by a company under his control, highlighting ongoing government efforts to regulate China's shadow banking system [1][2]. Company Summary - Yu Faxiang has been placed under "criminal compulsory measures" as part of a police investigation into his alleged wrongdoings, with Haichang confirming the situation following notification from Yu's family [2]. - Haichang Ocean Park is the largest marine theme park operator in mainland China, and its shares fell by 6.3% to HK$0.45 following the news of Yu's detention [6]. - Sunriver Holding Group, controlled by Yu, recently acquired a 39% stake in Haichang for HK$2.3 billion (approximately US$295.7 million) just six months prior to his arrest [3]. Industry Summary - A redemption crisis has impacted thousands of investors linked to wealth management products associated with a real estate project operated by Sunriver Holding, with delays in repayment being reported [5]. - Wealth management products are a significant component of China's shadow banking system, primarily targeting low-risk depositors and typically investing in fixed-income and money market instruments [6]. - Approximately 10 billion yuan of borrowings by Sunriver Holding matured this month, indicating potential liquidity issues within the company [8].