By Denny Jacob
United Parks & Resorts posted a wider loss and lower revenue in its latest quarter as the timing of certain holidays weighed on results.
The theme-park operator behind brands including SeaWorld and Busch Gardens reported a deeper loss of $16.1 million, or 29 cents a share, compared with $11.2 million, or 17 cents a share, in the prior-year period. Revenue edged down to $286.9 million from $297.4 million.
United Parks said first-quarter results were impacted by the timing of Easter and spring break holidays moving into the second quarter of this year compared to being in the first quarter last year. It added that the change also impacted admissions per capita and in park per capita.
Attendance in the quarter came in at 3.4 million guests, down by about 59,000 guests from the prior-year period.
Admission per capita decreased 4.2% to $46.04, while in-park per capita spending increased 1.1% to $38.58.
"With approximately 75% of our historical attendance and revenue opportunity still ahead of us as of April 30, we continue to expect new records in revenue and adjusted Ebitda in 2025," said Chief Executive Marc Swanson.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 12, 2025 06:55 ET (10:55 GMT)
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