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Jun 30, 2021
United Parks & Resorts Q2 2021 Earnings Report
Achieved record revenue, net income, and Adjusted EBITDA.
Key Takeaways
SeaWorld Entertainment, Inc. reported strong second-quarter financial results, including record revenue, net income, and Adjusted EBITDA, driven by pricing and product strategies and strong consumer demand.
Attendance was 5.8 million guests, an increase of 5.5 million guests from the second quarter of 2020.
Total revenue was a record $439.8 million, an increase of $421.8 million from the second quarter of 2020.
Net income was a record $127.8 million, an increase of $258.8 million from the second quarter of 2020.
Total revenue per capita increased 14.2% to a record $75.71 from the second quarter of 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
SeaWorld is planning strategically adding operating days in the second half of the year versus 2019. They are making progress on building Sesame Place in San Diego and look forward to opening that park next year. In addition, SeaWorld Abu Dhabi, the first SeaWorld park outside of the United States, is on track to complete construction by the end of 2022
Positive Outlook
- Adding operating days in the second half of the year versus 2019
- Making progress on building Sesame Place in San Diego
- Looking forward to opening Sesame Place next year
- SeaWorld Abu Dhabi is on track to complete construction by the end of 2022
- Beginning Halloween events including SeaWorld Spooktacular and Howl-O-Scream
Challenges Ahead
- Continuing to operate in a highly challenging and COVID-19 impacted environment
- Potential COVID-19 related impacts including capacity limitations
- Potential modified/limited operations at parks
- Incidents or adverse publicity concerning the Company’s theme parks
- A decline in discretionary consumer spending or consumer confidence
Revenue & Expenses
Visualization of income flow from segment revenue to net income