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Mar 31, 2021
United Parks & Resorts Q1 2021 Earnings Report
SeaWorld Entertainment, Inc. reported financial results, showing increased revenue per capita and positive Adjusted EBITDA compared to both 2020 and 2019, despite attendance declines due to COVID-19 related impacts.
Key Takeaways
SeaWorld Entertainment, Inc. reported a 12.0% increase in total revenue to $171.9 million compared to Q1 2020, and a net loss of $44.9 million, an improvement of 20.6% from Q1 2020. Adjusted EBITDA was $25.2 million, a significant increase from the prior year. Total revenue per capita increased by 17.2% to $77.63.
Attendance was 2.2 million guests, a 4.5% decrease from Q1 2020.
Total revenue increased by 12.0% to $171.9 million compared to Q1 2020.
Net loss improved by 20.6% to $44.9 million compared to Q1 2020.
Total revenue per capita increased 17.2% to $77.63 from Q1 2020.
United Parks & Resorts
United Parks & Resorts
United Parks & Resorts Revenue by Segment
Revenue by Segment
Admissions Revenue
CapyFin.comFood, Merchandise and Other Revenue
CapyFin.com Forward Guidance
The company expects parks will return to a more normalized operating environment as the year progresses and anticipates significant opportunities to improve execution and drive growth when capacity limitations and event restrictions are lifted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income