secwatch.observer — SEC 8-K summary
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Issuer:     United Parks & Resorts Inc. (PRKS)
CIK:        0001564902
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564902/000095017024055040/0000950170-24-055040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564902/000095017024055040/prks-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055040

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