secwatch.observer — SEC 8-K summary
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Issuer:     United Parks & Resorts Inc. (PRKS)
CIK:        0001564902
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-073334
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Parks reports 2025 revenue down 3.6%, net income down 26%; repurchased 6.7M shares
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- Fiscal 2025 attendance 21.2M (-1.8% YoY); revenue $1.7B (-3.6%); net income $168.4M (-26.0%).
- Adjusted EBITDA $605.1M (-13.6% YoY); Q4 net income $15.1M (-46%) included $7.6M bad debt write-off.
- Record in-park per capita $36.81 (+1.0%); total revenue per capita $78.54 (-1.9%).
- Repurchased 4.2M shares in FY2025 for $157M; additional 2.5M shares in early 2026 for $90.1M.
- CEO says FY2025 results did not meet expectations; cites cost issues, international tourism headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564902/000119312526073334/0001193125-26-073334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564902/000119312526073334/prks-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-073334

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