Overview

• United Parks Q3 revenue declines 6.2% yr/yr, missing analyst expectations

• Adjusted EBITDA for Q3 misses estimates, declining 16.3% yr/yr

• Company repurchased over 635,000 shares, totaling approximately $32.2 mln

Outlook

• Company expects 2026 forward-booking revenue for Discovery Cove to be up over 20%

• United Parks plans new attractions and upgrades for 2026, including SEAQuest in Orlando

• Company aims to improve attendance and operational efficiencies in 2026

Result Drivers

• CALENDAR AND WEATHER IMPACT - Co attributes attendance decline to unfavorable calendar shifts and poor weather during peak holiday periods

• INTERNATIONAL VISITATION DECLINE - Co notes a decline in international visitors by approximately 90,000 guests, reversing earlier trends

• IN-PARK SPENDING GROWTH - Co reports growth in in-park per capita spending, marking growth in 20 of the last 22 quarters

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the leisure & recreation peer group is "buy"

• Wall Street's median 12-month price target for United Parks & Resorts Inc is $57.50, about 19.6% above its November 5 closing price of $46.22

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPn58cWZDa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)