United Parks Q2 net income down 21% to $63.3M; revenue falls 1.4% to $483.3M

United Parks & Resorts Inc.

Attendance fell 2.9% to 6.1M guests; total revenue per capita rose 1.5% to $79.82.
In-park per capita spending hit a record $39.51, up 5.1% YoY; admission per capita down 1.8%.
Adjusted EBITDA decreased 5.2% to $195.5M; net income dropped 21% to $63.3M.
Repurchased 3.3M shares for ~$125M in Q2; H1 total 5.9M shares (12.1% of outstanding) for $217.7M.
CEO cites Easter shift and international visitation decline; forward bookings for Discovery Cove and group business up double-digits.

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