Loading...
•
Sep 30
United Parks & Resorts Q3 2025 Earnings Report
United Parks & Resorts Inc. reported its financial results for the third quarter and first nine months of fiscal year 2025, showing declines in attendance, revenue, and net income for the quarter.
Key Takeaways
United Parks & Resorts Inc. experienced a challenging third quarter of 2025, with attendance decreasing by 3.4% to 6.8 million guests and total revenue falling by 6.2% to $511.9 million. Net income also saw a significant drop of 25.4% to $89.3 million. The company attributed these declines to an unfavorable calendar shift, poor weather, reduced international visitation, and execution issues, despite an increase in in-park per capita spending.
Attendance for Q3 2025 decreased by 3.4% to 6.8 million guests compared to Q3 2024.
Total revenue for Q3 2025 was $511.9 million, a 6.2% decrease from the same period last year.
Net income for Q3 2025 fell by 25.4% to $89.3 million.
In-park per capita spending increased by 1.1% to $35.82, marking continued growth in this metric.
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 focused on improving operational and financial performance in 2026 and beyond, with new attractions planned and positive forward-booking trends for Discovery Cove and group business.
Positive Outlook
- Growth in in-park per capita spending, which has increased in 20 of the last 22 quarters.
- Meaningful year-over-year growth from separately ticketed Halloween events, including record attendance in Orlando and San Diego for Howl-O-Scream.
- Forward-booking revenue trends into 2026 for Discovery Cove property and group business are up over 20% compared to the same time last year.
- Stockholders granted authority for additional share repurchases, with $32.2 million already repurchased through November 4, 2025.
- Upcoming new rides and attractions for 2026 at SeaWorld Orlando, SeaWorld San Diego, SeaWorld San Antonio, and Busch Gardens Tampa Bay.
Challenges Ahead
- Performance in the quarter was negatively impacted by an unfavorable calendar shift.
- Poor weather during peak holiday periods contributed to attendance decline.
- A decline in international visitation of approximately 90,000 guests during the quarter.
- Less than optimal execution impacted overall results.
- The consumer environment in the U.S. appears inconsistent, affecting leisure and hospitality businesses.