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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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