United Parks & Resorts Inc. (NYSE: PRKS) saw its stock price plummet 5.68% in pre-market trading on Monday following the release of its first-quarter 2025 financial results, which fell short of analyst expectations.

The theme park operator reported a net loss of $0.29 per share for Q1, significantly wider than the FactSet consensus estimate of a $0.23 loss per share. This represents a 70.59% increase in losses compared to the same period last year when the company reported a loss of $0.17 per share. Revenue for the quarter came in at $286.9 million, missing the analyst consensus estimate of $294.02 million by 2.42% and marking a 3.53% decrease from the $297.4 million reported in Q1 2024.

The company attributed the disappointing results to several factors, including a 1.7% decrease in attendance and an unfavorable calendar shift of Easter and Spring Break holidays from the first quarter to the second quarter. United Parks & Resorts also experienced a 4.2% decline in admission per capita, primarily due to the impact of admissions product mix and lower realized pricing on certain admission products. Despite these challenges, the company did report a slight 1.1% increase in in-park per capita spending to a record $38.58.

Marc Swanson, Chief Executive Officer of United Parks & Resorts, remained optimistic about the company's future prospects, stating, "With approximately 75% of our historical attendance and revenue opportunity still ahead of us as of April 30, 2025, we continue to expect new records in revenue and Adjusted EBITDA in 2025." However, investors appear to be focusing on the immediate shortfall, leading to the significant pre-market drop in stock price.