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Mar 31, 2023
United Parks & Resorts Q1 2023 Earnings Report
SeaWorld Entertainment, Inc. reported record financial results for Q1 2023, driven by increased per capita spending despite a slight decrease in attendance.
Key Takeaways
SeaWorld Entertainment, Inc. reported record total revenue and Adjusted EBITDA for the first quarter of 2023. Total revenue reached $293.3 million, an 8.4% increase year-over-year, while Adjusted EBITDA was $72.4 million, up 9.8% from the previous year. Net loss was $16.5 million. Attendance was 3.4 million guests.
Attendance was 3.4 million guests, a decrease of approximately 25,000 guests from the first quarter of 2022.
Total revenue was a record $293.3 million, an increase of $22.7 million or 8.4% from the first quarter of 2022.
Net loss was $16.5 million, an increase of $7.5 million from the first quarter of 2022.
Adjusted EBITDA was a record $72.4 million, an increase of $6.5 million or 9.8% from the first quarter of 2022.
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 continues to expect to deliver meaningful growth and new records in revenue and Adjusted EBITDA for 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income