---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-021629"
form_type: "8-K"
ticker: "PRKS"
cik: "0001564902"
company_name: "United Parks & Resorts Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:48:47.655452+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# United Parks reports Q4 net income $40.1M; proposes $500M buyback subject to non-Hill Path vote

## Summary
- Q4 attendance record 5.0M guests; total revenue $389.0M (-0.4% YoY); net income $40.1M (-$9.0M).
- FY2023 revenue $1,726.6M, net income $234.2M (-19.6% YoY); Adj. EBITDA $713.5M (-2.0%).
- Total revenue per capita record $79.91 (+1.3%); in-park per capita record $35.75 (+2.4%).
- Board proposes $500M share buyback authorization, contingent on non-Hill Path shareholder approval.
- Amended Stockholders Agreement with Hill Path requires disinterested stockholder approval for future acquisitions and certain related-party transactions.

## SEC filing metadata
- accession: 0000950170-24-021629
- form_type: 8-K
- ticker: PRKS
- cik: 0001564902
- company_name: United Parks & Resorts Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/prks-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-021629
- JSON: https://secwatch.observer/filing/0000950170-24-021629.json
- Plain text: https://secwatch.observer/filing/0000950170-24-021629.txt

## Key facts
- Earnings Releases
  United Parks & Resorts Inc. reported fiscal year ended December 31, 2023 results: revenue $1,726.6 million, net income $234.2 million.
  - Period: fiscal year ended December 31, 2023
  - Revenue: $1,726.6 million
  - Net income: $234.2 million
  - Result: reported results
  source text: from the fourth quarter of 2022. Fiscal 2023 Highlights • Attendance was 21.6 million guests, a decrease of 0.3 million guests or 1.5% from fiscal 2022. • Total revenue was $1,726.6 million, a decrease of $4.7 million or 0.3% from fiscal 2022. • Net income was $234.2 million, a decrease of $57.0 million or 19.6% from fiscal 2022. • Adjusted EBITDA was $713.5
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm
- Earnings Releases
  United Parks & Resorts Inc. reported fourth quarter ended December 31, 2023 results: revenue $389.0 million, net income $40.1 million.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $389.0 million
  - Net income: $40.1 million
  - Result: reported results
  source text: Fourth Quarter 2023 Highlights • Attendance was a record 5.0 million guests, an increase of approximately 23,000 guests from the fourth quarter of 2022. • Total revenue was $389.0 million, a decrease of $1.6 million or 0.4% from the fourth quarter of 2022. • Net income was $40.1 million, a decrease of $9.0 million from the fourth quarter of 2022. • Adjusted EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm
- Material Agreements
  United Parks & Resorts Inc. entered into First Amendment to Stockholders Agreement with Hill Path Capital LP valued at Amends voting and approval provisions; requires Special Committee and Disinterested Stockholder Appr (effective 2024-02-27).
  - Action: entry
  - Counterparty: Hill Path Capital LP
  - Value: Amends voting and approval provisions; requires Special Committee and Disinterested Stockholder Appr
  - Effective: 2024-02-27
  source text: On February 27, 2024, United Parks & Resorts Inc. (the “Company”) and Hill Path Capital LP (“Hill Path”) entered into the First Amendment (the “Amendment”) to the Stockholders Agreement, dated as of May 27, 2019
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.