Earnings summaries and quarterly performance for United Parks & Resorts.
Executive leadership at United Parks & Resorts.
Marc Swanson
Detailed
Chief Executive Officer
CEO
BM
Bill Myers
Detailed
Chief Accounting Officer
BS
Byron Surrett
Detailed
Chief Park Operations Officer – Non-Florida Parks
CD
Chris Dold
Detailed
Chief Zoological Officer
CF
Chris Finazzo
Detailed
Chief Commercial Officer
JF
Jim Forrester Jr.
Detailed
Interim Chief Financial Officer and Treasurer
KM
Kyle Miller
Detailed
Chief Park Operations Officer – Florida Parks
MR
Michael Rady
Detailed
Chief Human Resources Officer
TT
Tony Taylor
Detailed
Chief Legal Officer, General Counsel and Corporate Secretary
Board of directors at United Parks & Resorts.
AD
Aayushi Dalal
Detailed
Director
JC
James Chambers
Detailed
Director
KS
Kimberly Schaefer
Detailed
Director
NL
Nathaniel Lipman
Detailed
Director
NN
Neha Narang
Detailed
Director
SR
Scott Ross
Detailed
Chairman of the Board
TM
Thomas Moloney
Detailed
Director
TH
Timothy Hartnett
Detailed
Lead Independent Director
WG
William Gray
Detailed
Director
YM
Yoshikazu Maruyama
Detailed
Director
Research analysts who have asked questions during United Parks & Resorts earnings calls.
SW
Steven Wieczynski
Stifel
6 questions for PRKS
Also covers: BYD, CCL, CUK +11 more
Thomas Yeh
Morgan Stanley
6 questions for PRKS
Also covers: AMCX, DIS, FUN +4 more
James Hardiman
Citigroup
5 questions for PRKS
Also covers: BC, CCL, CUK +14 more
AK
Arpine Kocharian
UBS Group AG
3 questions for PRKS
Also covers: CALY, FUN, LTH +4 more
Chris Woronka
Deutsche Bank AG
3 questions for PRKS
Also covers: CAR, DRH, FUN +13 more
ED
Elizabeth Dove
Goldman Sachs
3 questions for PRKS
Also covers: ARMK, CAR, CCL +12 more
LD
Lizzie Dove
Goldman Sachs
3 questions for PRKS
Also covers: CAR, CCL, CHH +13 more
AK
Artem Kocharyan
UBS
1 question for PRKS
BC
Ben Chaiken
Mitsui
1 question for PRKS
Also covers: BYD, CCL, CHDN +10 more
BC
Benjamin Chaiken
Mizuho Financial Group, Inc.
1 question for PRKS
Also covers: BYD, CCL, CHDN +14 more
Brandt Montour
Barclays PLC
1 question for PRKS
Also covers: BALY, BYD, CCL +23 more
EW
Eric Wold
B. Riley Securities
1 question for PRKS
Also covers: AMC, BOWL, CNK +15 more
MB
Matthew Boss
JPMorgan Chase & Co.
1 question for PRKS
Also covers: , AEO, ANF +39 more
Michael Swartz
Truist Securities
1 question for PRKS
Also covers: BC, CWH, FOXF +11 more
PG
Paul Golding
Macquarie Capital
1 question for PRKS
Also covers: CIFR, CLSK, CORZ +12 more
SR
San Roy
Citigroup
1 question for PRKS
Recent press releases and 8-K filings for PRKS.
United Parks & Resorts Reports Q4 2025 Results and Provides 2026 Outlook
PRKS
Earnings
Guidance Update
New Projects/Investments
- United Parks & Resorts reported Adjusted EBITDA of $605 million and Normalized 2025 Levered Free Cash Flow between $316 million and $341 million for 2025.
- The company anticipates ~$50 million in gross cost savings for 2026 across labor, OpEx, SG&A, and COGS , with 2026 capital expenditures estimated at ~$225 million, including ~$175 million for core capex and ~$50 million for expansion/ROI capex.
- Illustrative Adjusted EBITDA for 2026 is projected to reach ~$900 million with a return to 2019 attendance levels, or ~$1,000 million with a return to 2008 peak attendance , supported by a $15 million (growing) sponsorship pipeline for 2026 and high single-digit to double-digit increases in 2026 bookings for Discovery Cove and group sales in Orlando.
4 days ago
United Parks & Resorts Reports Q4 and Full Year 2025 Results, Outlines 2026 Strategic Initiatives
PRKS
Earnings
Guidance Update
Share Buyback
- United Parks & Resorts reported Q4 2025 total revenue of $373.5 million, a 2.8% decrease year-over-year, and fiscal year 2025 total revenue of $1.66 billion, a 3.6% decrease from the prior year, primarily due to lower attendance and admission per capita.
- The company repurchased 6.7 million shares in 2025 and through February 24, 2026, representing approximately 12% of shares outstanding, and maintains a strong balance sheet with a net total leverage ratio of 3.4 times and approximately $789 million in total available liquidity as of December 31, 2025.
- For 2026, the company plans $50 million in gross cost reductions and expects to invest approximately $225 million in capital expenditures (comprising $175 million core and $50 million for growth/ROI projects) to support new attractions and growth initiatives.
- Despite 2025 results being impacted by an uneven consumer environment, negative international tourism, and volatile weather, early 2026 indicators show Discovery Cove advanced bookings up high single digits and company-wide group bookings pacing up over 50%.
4 days ago
United Parks & Resorts Reports Q4 2025 Results, Highlights 2026 Initiatives and Share Buybacks
PRKS
Earnings
Share Buyback
Guidance Update
- United Parks & Resorts' Q4 and fiscal 2025 results did not meet expectations, impacted by lower international visitation, fewer operating days, and volatile weather, though the company reported record in-park per capita spending in Q4.
- The company repurchased 6.7 million shares in 2025 and through February 24, 2026, representing approximately 12% of shares outstanding, and ended 2025 with a net total leverage ratio of 3.4 times and $789 million of total available liquidity.
- For 2026, Discovery Cove advanced booking revenue is up high single digits and company-wide group booking revenue is pacing up over 50%; the company is targeting $50 million in gross cost reductions and views its sponsorship business as a $30 million+ revenue opportunity in the coming years.
- Management believes its shares are materially undervalued, trading at a significant discount compared to peers and replacement value, and is focused on new attractions, enhanced marketing, and operational efficiency to drive demand and spending.
4 days ago
United Parks & Resorts Reports Q4 and Full-Year 2025 Results, Details 2026 Initiatives
PRKS
Earnings
Share Buyback
New Projects/Investments
- United Parks & Resorts reported a 2.8% decrease in total revenue to $373.5 million and a 2.6% decrease in attendance for Q4 2025 compared to Q4 2024, primarily due to lower international visitation and fewer operating days.
- For fiscal year 2025, total revenue decreased 3.6% to $1.66 billion, with Adjusted EBITDA reaching $605.1 million and net income at $168.4 million.
- The company repurchased 6.7 million shares in 2025 and through February 24, 2026, representing approximately 12% of shares outstanding, and maintained a strong balance sheet with a net total leverage ratio of 3.4x and $789 million of total available liquidity as of December 31, 2025.
- Management plans to implement $50 million in gross cost reductions for 2026 and expects to invest approximately $225 million in CapEx, including $175 million for core CapEx and $50 million for growth and ROI projects.
- Early demand indicators for 2026 show Discovery Cove advanced booking revenue up high single digits and company-wide group booking revenue pacing up over 50%.
4 days ago
United Parks & Resorts Inc. Reports Q4 and Fiscal 2025 Results
PRKS
Earnings
Share Buyback
Demand Weakening
- United Parks & Resorts Inc. reported a 2.8% decrease in Q4 2025 total revenue to $373.5 million and a 46.0% decrease in net income to $15.1 million, with fiscal year 2025 total revenue down 3.6% to $1.7 billion and net income down 26.0% to $168.4 million.
- Attendance declined 2.6% in Q4 2025 to 4.8 million guests and 1.8% for fiscal year 2025 to 21.2 million guests, primarily due to lower international visitation and other factors.
- Despite overall declines, in-park per capita spending reached a record $35.89 in Q4 2025 (up 2.1%) and $36.81 for fiscal year 2025 (up 1.0%).
- The company repurchased approximately 4.2 million shares for $157.0 million in fiscal 2025, and an additional 2.5 million shares for $90.1 million from Q1 2026 through February 24, 2026, totaling 6.7 million shares or approximately 12% of shares outstanding.
- Management acknowledged that fiscal 2025 results did not meet expectations due to an uneven consumer environment, negative international tourism trends, and volatile weather, and has implemented plans and investments for 2026 to drive attendance and guest spending.
5 days ago
United Parks & Resorts Inc. Reports Fourth Quarter and Fiscal Year 2025 Results
PRKS
Earnings
Demand Weakening
New Projects/Investments
- United Parks & Resorts Inc. reported a decrease in financial results for both Q4 and fiscal year 2025. For Q4 2025, total revenue was $373.5 million, a 2.8% decrease from Q4 2024, and net income was $15.1 million, down 46%. Fiscal year 2025 total revenue was $1.7 billion, a 3.6% decrease, and net income was $168.4 million, down 26% from fiscal 2024.
- Attendance declined by 2.6% in Q4 2025 to 4.8 million guests and by 1.8% for fiscal 2025 to 21.2 million guests. Despite this, in-park per capita spending increased to a record $35.89 in Q4 2025 and $36.81 for fiscal 2025.
- The company repurchased approximately 4.2 million shares for $157.0 million during fiscal 2025. CEO Marc Swanson acknowledged that 2025 results did not meet expectations due to an uneven consumer environment and negative international tourism, but highlighted new rides and attractions and enhanced marketing plans for 2026 to drive demand.
5 days ago
United Parks & Resorts Reports Q3 2025 Financial Results with Revenue and Attendance Declines
PRKS
Earnings
Demand Weakening
New Projects/Investments
- United Parks & Resorts reported Q3 2025 total revenue of $511.9 million, a 6.2% decrease compared to Q3 2024, driven by a 3.4% decrease in attendance. Net income for the quarter was $89.3 million, down from $119.7 million in Q3 2024, and Adjusted EBITDA was $216.3 million.
- As of September 30, 2025, the company maintained a strong balance sheet with a net total leverage ratio of 3.2 times and approximately $872 million of total available liquidity, including $221 million in cash on hand.
- Management expressed disappointment in cost management during the quarter, but highlighted strategic progress including the mobile app reaching over 16.8 million downloads and driving a 37% increase in average transaction value for in-app food and beverage purchases.
- The company is investing in new attractions across its parks and expects to spend approximately $175 to $200 million on core CapEx and $50 million on growth and ROI projects for the full year 2025. Discovery Cove is on track for record attendance and revenue in 2025, with 2026 bookings up over 20% compared to the prior year.
Nov 6, 2025, 2:00 PM
United Parks and Resorts Reports Q3 2025 Results, Announces Share Repurchase Program, and Appoints Interim CFO
PRKS
Earnings
Share Buyback
CFO Change
- United Parks and Resorts (PRKS) reported a 6.2% decrease in total revenue to $511.9 million and a 3.4% decrease in attendance for Q3 2025, primarily attributed to unfavorable calendar shifts, poor weather, and a decline in international visitation. Net income for the quarter was $89.3 million and Adjusted EBITDA was $216.3 million.
- The company's Board authorized a $500 million share repurchase program, with $32.2 million already used to repurchase 635,020 shares through November 4, 2025. PRKS maintains a strong balance sheet with $872 million of total available liquidity and a net total leverage ratio of 3.2 times as of September 30, 2025.
- PRKS is investing in new attractions for 2026, including "Legends of the Deep" at SeaWorld Orlando and "Barracuda Strike" at SeaWorld San Antonio. The mobile app has reached 16.8 million downloads and shows a 37% increase in average transaction value for in-app food and beverage purchases.
- Jim Forrester was introduced as the incoming Interim Chief Financial Officer and Treasurer. The company noted its pass base was down approximately 4% through October 2025 compared to the prior year.
Nov 6, 2025, 2:00 PM
United Parks & Resorts Reports Q3 2025 Financial Results with Revenue Decline
PRKS
Earnings
Demand Weakening
Share Buyback
- United Parks & Resorts reported Q3 2025 total revenue of $511.9 million, a 6.2% decrease compared to Q3 2024, with net income of $89.3 million and adjusted EBITDA of $216.3 million. Year-to-date 2025, total revenue was $1.29 billion, a 3.9% decrease, and adjusted EBITDA was $490 million.
- The decline in Q3 2025 revenue was primarily due to a 3.4% decrease in attendance (approximately 240,000 guests) and a 6.3% decrease in admissions per capita, partially offset by a 1.1% increase in in-park per capita spending. Attendance was negatively impacted by an unfavorable calendar shift and a decline in international visitation.
- As of September 30, 2025, the company maintained a strong balance sheet with a net total leverage ratio of 3.2 times, approximately $872 million in total available liquidity, and $221 million in cash on hand.
- The Board approved a $500 million share repurchase program, and the company repurchased 635,020 shares for $32.2 million through November 4, 2024. For 2025, the company expects to spend $175 million-$200 million on core CapEx and $50 million on growth and ROI projects.
- Strategic initiatives include progress on international partnerships with one MOU signed and another expected, aiming for approximately $20 million in annual sponsorship revenue in coming years, and continued investment in new attractions for 2025 and 2026 across its parks.
Nov 6, 2025, 2:00 PM
United Parks & Resorts Reports Q3 2025 Financial Results with Revenue and Attendance Declines
PRKS
Earnings
Demand Weakening
Share Buyback
- United Parks & Resorts reported Q3 2025 total revenue of $511.9 million, a 6.2% decrease from Q3 2024, with attendance down 3.4% or 240,000 guests. Net income for the quarter was $89.3 million, and Adjusted EBITDA was $216.3 million.
- The decline was primarily attributed to an unfavorable calendar shift, poor weather during peak holiday periods, and a 90,000 guest decrease in international visitation.
- Despite the overall decline, in-park per capita spending increased by 1.1% in Q3 2025, and October saw an increase in attendance and positive per capita spending.
- The company repurchased 635,020 shares for $32.2 million through November 4, 2024, under a $500 million share repurchase program. As of September 30, 2025, the company had a strong balance sheet with $872 million in total available liquidity and a net total leverage ratio of 3.2 times.
- United Parks & Resorts is investing in new attractions for 2025 and 2026, expanding internationally with one MOU signed, and its mobile app is showing a 37% increase in average transaction value for food and beverage purchases.
Nov 6, 2025, 2:00 PM
Quarterly earnings call transcripts for United Parks & Resorts.
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