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Sep 30, 2023
United Parks & Resorts Q3 2023 Earnings Report
SeaWorld Entertainment experienced a decrease in attendance and revenue for Q3 2023, but in-park per capita spending reached a record level.
Key Takeaways
SeaWorld Entertainment, Inc. reported a decrease in attendance and total revenue for the third quarter of 2023 compared to the same period in 2022. Attendance was 7.1 million guests, a decrease of 2.8%. Total revenue was $548.2 million, a decrease of 3.0%. Net income was $123.6 million, a decrease of 8.2%. However, in-park per capita spending increased by 1.6% to a record $34.85.
Attendance decreased by 2.8% to 7.1 million guests due to adverse weather conditions.
Total revenue decreased by 3.0% to $548.2 million.
Net income decreased by 8.2% to $123.6 million.
In-park per capita spending increased by 1.6% to a record $34.85.
Revenue by Segment
Forward Guidance
Looking beyond the holiday season into 2024, we are pleased to see 2024 revenue bookings trending up double-digit percentage ahead of prior year for both 2024 groups and our Discovery Cove property. In addition, we recently launched our best pass benefits program ever which we expect will help drive increases in pass sales and a strong pass base for next year.
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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