earnings
confidence high
sentiment positive
materiality 0.65
SeaWorld Q1 revenue record $293.3M (+8.4%); net loss widens to $16.5M, adjusted EBITDA record $72.4M
United Parks & Resorts Inc.
2023-Q1 EPS reported
-$0.26
revenue$293,346,000
- Revenue record $293.3M, up 8.4% YoY; per capita spending record $86.84, up 9.2%.
- Attendance 3.4M guests, down ~25k from Q1 2022; net loss $16.5M vs $9.0M loss a year ago.
- Adjusted EBITDA record $72.4M, up 9.8% YoY; adjusted EBITDA margin improved.
- After quarter-end, repurchased 235k shares for $13.9M; $42.4M remains in buyback program.
- SeaWorld Abu Dhabi opening May 23, 2023; group booking trends running well ahead of 2022.