United Parks Q1 record revenue $297.4M, record Adjusted EBITDA $79.2M, net loss narrows to $11.2M

United Parks & Resorts Inc.

2024-Q1 EPS reported -$0.17 revenue$297,423,000

Revenue $297.4M (+1.4% YoY), record; Adjusted EBITDA $79.2M (+9.3% YoY), record.
Net loss $11.2M, improved by $5.3M from Q1 2023; attendance 3.5M guests (+2.1%).
In-park per capita spending up 4.0% excluding one-time Abu Dhabi revenue; 16th consecutive quarter of in-park growth.
New $500M share repurchase program approved; repurchased ~1.9M shares for ~$100.8M through May 6, 2024.
Raised $380M add-on to Term B-2 Loans; redeemed $227.5M senior secured notes due May 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

United Parks & Resorts Inc. reported first quarter of 2024 results: revenue $297.4 million, net income Net loss of $11.2 million.

Period: first quarter of 2024
Revenue: $297.4 million
Net income: Net loss of $11.2 million
Result: reported results

Exact text from the filing

United Parks & Resorts Inc. Reports First Quarter 2024 Results ORLANDO, FL, May 8 , 2024 - United Parks & Resorts Inc. (NYSE: PRKS), a leading theme park and entertainment company, today reported its financial results for the first quarter of 2024. First Quarter 2024 Highlights • Attendance was 3.5 million guests, an increase of approximately 72,000 guests or 2.1% from the first quarter of 2023. • Total revenue was a record $297.4 million, an increase of $4.1 million or 1.4% from the first quarter of 2023. • Net loss was $11.2 million, the second smallest net loss in the first quarter and an improvement of $5.3 million from the first quarter of 2023.

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Source: SEC EDGAR

accession 0000950170-24-055040

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