United Parks & Resorts Q1 2021 Earnings Report
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
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