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Jun 30
United Parks & Resorts Q2 2025 Earnings Report
United Parks & Resorts Inc. reported its financial results for the second quarter of fiscal year 2025, showing a decrease in total revenue and net income despite a slight increase in attendance.
Key Takeaways
United Parks & Resorts Inc. experienced a challenging second quarter in 2025, with total revenue decreasing by 1.5% to $490.2 million and net income falling by 12.1% to $80.1 million. Despite these declines, attendance saw a modest increase of 0.8% to 6.2 million guests, primarily due to a favorable calendar shift of holidays, though this was partially offset by adverse weather conditions.
Total revenue for Q2 2025 was $490.2 million, a 1.5% decrease from Q2 2024.
Net income for Q2 2025 was $80.1 million, a 12.1% decrease from Q2 2024.
Attendance increased by 0.8% to 6.2 million guests in Q2 2025, driven by a favorable calendar shift of holidays.
The Board of Directors recommended a new $500 million share buyback authorization, subject to shareholder approval.
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
United Parks & Resorts Inc. is optimistic about its future performance, anticipating strong financial results in the second half of the year despite earlier headwinds. The company is focused on operational and financial improvements, with positive trends in group business and Discovery Cove bookings.
Positive Outlook
- Encouraging forward booking trends in group business and Discovery Cove, up mid to high single digits for the remainder of the year.
- Very strong booking trends for 2026 in both group business and Discovery Cove.
- Excitement for upcoming special events like "Bands, Brew & BBQ," "Summer Spectacular," "Red, White & BBQ," and "Bier Fest Brews & BBQ."
- Early forward booking ticket sales for Howl O' Scream events are ahead of the prior year.
- Confidence in delivering meaningful increases in revenue, Adjusted EBITDA, and total shareholder value through operational and financial improvements.
Challenges Ahead
- Headwinds impacted performance in the first half of the year, taking the company off its initial pace.
- Adverse weather conditions significantly impacted attendance in the second quarter.
- Total revenue per capita decreased due to lower admissions per capita and in-park per capita spending.
- The new $500 million share buyback authorization is subject to approval by non-Hill Path shareholders.
- No specific negative forward guidance points were explicitly stated beyond the impact of past headwinds.