United Parks & Resorts (NYSE: PRKS) saw its stock price plummet 5.67% in pre-market trading on Thursday following the release of its third-quarter earnings report, which fell short of analyst expectations across key metrics.

The theme park operator reported a significant decline in its financial performance for Q3 2025. Revenue dropped 6.2% year-over-year to $511.9 million, missing the analyst consensus estimate of $537.361 million. Net income took an even harder hit, falling 25.4% to $89.3 million. Earnings per share (EPS) came in at $1.61, well below the expected $2.27 and representing a 22.6% decrease from the same period last year.

United Parks & Resorts attributed the disappointing results to several factors, including an unfavorable calendar shift, poor weather during peak holiday periods, reduced international visitation, and suboptimal execution. The company also reported a 3.4% decline in attendance, with approximately 240,000 fewer guests compared to Q3 2024. As the company prepares to launch its annual Christmas events at SeaWorld, Busch Gardens, and Sesame Place Langhorne later this month, investors appear concerned about the company's ability to reverse these negative trends in the upcoming holiday season.