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Jun 30, 2024
United Parks & Resorts Q2 2024 Earnings Report
United Parks & Resorts reported an increase in attendance and revenue, achieving a record level for in-park per capita spending.
Key Takeaways
United Parks & Resorts Inc. reported its financial results for the second quarter of fiscal year 2024, with an increase in attendance, total revenue, and net income compared to the second quarter of 2023. The company highlighted a record level for in-park per capita spending.
Attendance increased by 0.8% to 6.2 million guests.
Total revenue increased by 0.3% to $497.6 million.
Net income increased by 4.7% to $91.1 million.
In-park per capita spending increased 2.5% to a record $37.76.
Revenue by Segment
Forward Guidance
For the full year 2024, the company continues to expect to deliver new records in revenue and Adjusted EBITDA.
Positive Outlook
- Encouraged by the booking trends at Discovery Cove property.
- Group bookings continue to run well ahead of 2023.
- International visitation was up for the quarter compared to prior year.
- Very excited about remaining summer events.
- Popular Halloween events will be followed by Christmas events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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