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Dec 31, 2019
United Parks & Resorts Q4 2019 Earnings Report
SeaWorld Entertainment, Inc. reported strong Q4 2019 results with increased attendance and revenue.
Key Takeaways
SeaWorld Entertainment, Inc. reported a 2.2% increase in attendance, reaching 4.7 million guests, and a 6.4% increase in total revenue, amounting to $298.0 million. The company experienced a net loss of $24.2 million, while Adjusted EBITDA increased by 29.9% to $83.9 million.
Attendance increased by 2.2% to 4.7 million guests.
Total revenue increased by 6.4% to $298.0 million.
Net loss increased to $24.2 million.
Adjusted EBITDA increased by 29.9% to $83.9 million.
United Parks & Resorts
United Parks & Resorts
United Parks & Resorts Revenue by Segment
Forward Guidance
SeaWorld anticipates a strong 2020 with a focus on new rides, attractions, and events, expecting to achieve the higher end of its 2020 goal of $475 million to $500 million in Adjusted EBITDA.
Positive Outlook
- Strong lineup of new rides, attractions and events planned for 2020.
- Introduction of one-of-a-kind, record-breaking roller coasters across five major theme parks.
- Thrilling, record-breaking new slides across water parks this year.
- Five of the 10 most anticipated roller coasters of 2020, according to USA Today, opening in SeaWorld parks.
- Ongoing focus on and refinement of strategic marketing and communication, pricing, and cost initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income