secwatch.observer — SEC 8-K summary
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Issuer:     United Parks & Resorts Inc. (PRKS)
CIK:        0001564902
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019111
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SeaWorld Q1 revenue record $293.3M (+8.4%); net loss widens to $16.5M, adjusted EBITDA record $72.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564902/000095017023019111/0000950170-23-019111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564902/000095017023019111/seas-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer