Dec 31, 2021

United Parks & Resorts Q4 2021 Earnings Report

Reported record financial results, with significant increases in attendance, revenue, and net income compared to the fourth quarter of 2020.

Key Takeaways

SeaWorld Entertainment, Inc. reported record financial results for the fourth quarter of 2021, marked by significant increases in attendance, total revenue, and net income compared to the fourth quarter of 2020. The company's performance was driven by strong consumer demand and successful implementation of its business plan, despite ongoing challenges related to COVID-19.

Attendance was 5.0 million guests, an increase of 2.7 million guests from the fourth quarter of 2020.

Total revenue was a record $370.8 million, an increase of $216.7 million from the fourth quarter of 2020.

Net income was a record $71.5 million, an increase of $117.1 million from the fourth quarter of 2020.

Total revenue per capita increased 7.9% to $74.87 from the fourth quarter of 2020.

Total Revenue
$371M
Previous year: $154M
+140.7%
EPS
$0.92
Previous year: -$0.58
-258.6%
Attendance
5M
Previous year: 2.2M
+127.3%
Total revenue per capita
$74.9
Admission per capita
$43.7
Previous year: $41.4
+5.3%
Gross Profit
$142M
Previous year: $56.5M
+151.1%
Cash and Equivalents
$444M
Previous year: $434M
+2.3%
Free Cash Flow
$31.3M
Previous year: -$46.5M
-167.3%
Total Assets
$2.61B
Previous year: $2.57B
+1.7%

United Parks & Resorts

United Parks & Resorts

United Parks & Resorts Revenue by Segment

Forward Guidance

The Company continues to be highly confident that it can deliver even more operational and financial improvements that it expects will lead to meaningful increases in shareholder value.

Revenue & Expenses

Visualization of income flow from segment revenue to net income