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Mar 31, 2024
United Parks & Resorts Q1 2024 Earnings Report
United Parks & Resorts reported first quarter results with record revenue and Adjusted EBITDA.
Key Takeaways
United Parks & Resorts reported a record total revenue of $297.4 million, a 1.4% increase from Q1 2023. Attendance increased by 2.1% to 3.5 million guests. Net loss was $11.2 million, an improvement of $5.3 million from the prior year. Adjusted EBITDA reached a record $79.2 million, up 9.3% year-over-year.
Attendance increased by 2.1% year-over-year, reaching 3.5 million guests.
Total revenue reached a record $297.4 million, a 1.4% increase compared to Q1 2023.
Net loss improved by $5.3 million from the first quarter of 2023, totaling $11.2 million.
Adjusted EBITDA was a record $79.2 million, reflecting a 9.3% increase from the previous year.
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 new records in revenue and Adjusted EBITDA for 2024.
Positive Outlook
- Exceptional line-up of new, one-of-a kind rides, attractions and events
- Improved in park venues and offerings across our parks
- Launched SeaWorld Parks 60th anniversary celebration featuring special events, shows and attractions that will continue throughout the year
- Encouraged by the booking trends at our Discovery Cove property
- Group bookings which are running well ahead of 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income