United Parks & Resorts Q1 2023 Earnings Report
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
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