PRKSSeaWorld Entertainment Inc
Earnings Recap
• Reported GAAP EPS of $0.28 down -45.10% YoY • Reported revenue of $373.55M down -2.82% YoY • United Parks & Resorts expects Discovery Cove advanced booking revenue to be up high single digits and group booking revenue to pace up over 50% for 2026, with a $30M-plus sponsorship revenue opportunity.
Bullish
United Parks & Resorts achieved record in-park per capita spending and is investing in new attractions for 2026. The company demonstrated strong cash flow through share repurchases and received numerous industry accolades in 2025.
Bearish
United Parks & Resorts experienced significant net income and Adjusted EBITDA decreases due to cost management issues and one-time write-offs. Attendance and revenue per capita declined, impacted by lower international visitation and external factors, alongside inherent industry risks.