Loading...
•
Dec 31, 2023
United Parks & Resorts Q4 2023 Earnings Report
Reported record attendance and in-park per capita spending despite adverse weather impacts and an unfavorable calendar shift.
Key Takeaways
United Parks & Resorts Inc. reported a slight decrease in total revenue and net income for Q4 2023, despite record attendance and in-park per capita spending. The company hosted 5.0 million guests, with total revenue of $389.0 million and net income of $40.1 million.
Attendance was a record 5.0 million guests, an increase of approximately 23,000 guests from Q4 2022.
Total revenue was $389.0 million, a decrease of $1.6 million or 0.4% from Q4 2022.
Net income was $40.1 million, a decrease of $9.0 million from Q4 2022.
Total revenue per capita decreased 0.9% to $78.42, while in-park per capita spending increased 1.5% to a record $33.96.
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
The company expects meaningful growth and new records in revenue and Adjusted EBITDA for 2024, driven by new rides, attractions, events, and improved in-park venues.
Positive Outlook
- Incredible line-up of new, one-of-a kind rides, attractions and events
- Improved in park venues and offerings across our parks
- Celebrating SeaWorld Parks 60th anniversary this year
- New rides and attractions are all currently scheduled to open before the peak summer season
- 2024 bookings trending ahead of prior year for both group sales and our Discovery Cove Property
Revenue & Expenses
Visualization of income flow from segment revenue to net income