United Parks Q3 revenue misses estimates on weather and international headwinds
PRKS•United Parks & Resorts’ third-quarter revenue fell 1.1% year over year to $506.5 million, below the $511.74 million analyst estimate. Adjusted EBITDA was $205.1 million, slightly below estimates, as weather, calendar effects and reduced international visitation weighed on attendance.
1. Quarterly results
Revenue declined 1.1% year over year to $506.5 million, missing the $511.74 million consensus estimate. Adjusted EBITDA was $205.1 million, slightly below the $206.58 million estimate; net income was $80 million and earnings per share were $1.74.
2. Attendance and outlook
The company attributed lower attendance mainly to unfavorable weather, calendar impacts and reduced international visitation. A planned reduction in promotional admissions products also lowered attendance, while pricing initiatives and product mix lifted admission and in-park per-capita spending. United Parks expects attendance, revenue, Adjusted EBITDA and free cash flow to increase in 2027 and beyond; 2027 forward-booking revenue for Discovery Cove and group business was up double digits year over year.
