United Parks Q2 Revenue Falls 1.4% as Attendance Drops, In-Park Spending Hits Record

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United Parks & Resorts reported second-quarter revenue fell 1.4% to $483.3 million as attendance declined 2.9%, partly offset by record in-park spending per capita that rose 5.1%. Net income dropped to $63.3 million from $80.1 million a year earlier, while adjusted EBITDA decreased to $195.5 million. Management attributed the attendance pressure to an Easter calendar shift and lower international visitation, and said July revenue declined an estimated 2% due to unfavorable weather, wildfires, and air-quality issues. The company is targeting $50 million in cost savings for 2026, expanding Halloween intellectual-property partnerships with Sony Pictures, and exploring potential real-estate sales. It repurchased approximately $217.7 million of shares in the first half, equal to 12.1% of shares outstanding, and maintained about $658 million in liquidity.

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Consumer Discretionary · 1 stocks
United Parks & Resorts Inc
PRKS
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Q2 revenue and net income fell, with attendance down and July revenue declining due to weather and wildfires.