NYSE$PRKS

United Parks & Resorts Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

SeaWorld Entertainment, Inc. reported financial results, showing increased revenue per capita and positive Adjusted EBITDA compared to both 2020 and 2019, despite attendance declines due to COVID-19 related impacts.

SeaWorld Entertainment, Inc. reported a 12.0% increase in total revenue to $171.9 million compared to Q1 2020, and a net loss of $44.9 million, an improvement of 20.6% from Q1 2020. Adjusted EBITDA was $25.2 million, a significant increase from the prior year. Total revenue per capita increased by 17.2% to $77.63.

  • Attendance was 2.2 million guests, a 4.5% decrease from Q1 2020.
  • Total revenue increased by 12.0% to $171.9 million compared to Q1 2020.
  • Net loss improved by 20.6% to $44.9 million compared to Q1 2020.
  • Total revenue per capita increased 17.2% to $77.63 from Q1 2020.

Headline financials

Total Revenue

$172M

Previous: $154M+12.0%
EPS (adj)

-$0.57

Previous: -$0.72+20.8%
Attendance

2.2M

Previous: 2.3M-4.5%
Total Revenue per Capita

$77.63

Previous: $66.25+17.2%
Admission per Capita

$43.25

Previous: $39.05+10.8%
In-Park per Capita Spending

$34.38

Previous: $27.20+26.4%
Capital Expenditures

-$15.3M

Previous: -$49.2M+68.9%
Free Cash Flow

-$60.2M

Previous: -$106M+43.1%
Net Income

-$44.9M

Previous: -$56.5M+20.6%
Operating Income

-$18.9M

Previous: -$57.6M+67.2%
Gross Profit

$49.2M

Previous: $7.46M+559.8%
Cash & Equivalents

$431M

Previous: $193M+123.4%
Total Assets

$2.57B

Previous: $2.44B+5.5%
Stock-Based Comp

$4.47M

Previous: -$3.6M+224.2%

Revenue & EPS history

United Parks & Resorts · Revenue · Quarterly

$172M

Q1 2021+12%vs Q1 2020
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

United Parks & Resorts · $172M total across 2 segments · Q1 2021

  • Admissions
    $95.8M+5.8%
  • Food, merchandise & other
    $76.1M+20.8%

Forward guidance

The company expects parks will return to a more normalized operating environment as the year progresses and anticipates significant opportunities to improve execution and drive growth when capacity limitations and event restrictions are lifted.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.3%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+3.4%

Avg return

30 days after

48%

27 / 56 earnings

Positive

+21.1%

Q2 2018

Best reaction

-36.1%

Q2 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.2%-8.0%
Q4 2025+6.2%+1.5%-12.0%
Q3 2025-24.2%-25.7%-23.1%
Q1 2025+3.8%+4.3%-10.0%
Q4 2024-3.2%-7.0%-15.2%
Q3 2024-0.1%+0.0%+5.2%
Q2 2024+0.7%+1.2%+11.5%
Q1 2024+9.2%+9.5%+2.9%
Q4 2023+5.2%+9.8%+15.2%
Q3 2023-3.1%-0.5%+9.9%
Q2 2023-5.9%-5.3%-11.1%
Q1 2023+4.5%+1.5%+2.7%
Q4 2022+1.6%+4.1%-7.7%
Q3 2022-1.3%+0.3%-6.9%
Q2 2022+7.5%+7.8%+4.7%
Q1 2022-9.6%-16.3%-19.7%
Q4 2021+7.1%-1.4%+8.7%
Q3 2021-6.0%-7.7%-6.7%
Q2 2021+19.6%+16.0%+8.9%
Q1 2021+0.9%-0.5%+5.2%
Q4 2020+20.1%+17.0%+22.7%
Q3 2020+1.9%+16.5%+27.7%
Q2 2020+7.2%+12.4%+27.6%
Q1 2020-5.4%-17.2%+30.8%
Q4 2019-7.0%-11.1%-54.1%
Q3 2019+13.5%+14.0%+14.9%
Q2 2019+2.9%+12.9%-1.0%
Q1 2019+3.8%+4.1%+17.5%
Q4 2018+6.6%+7.7%+1.8%
Q3 2018-3.1%-5.9%+5.6%
Q2 2018+21.1%+18.3%+42.2%
Q1 2018+5.6%+7.8%+28.6%
Q4 2017-7.1%-6.9%-5.8%
Q3 2017+8.8%+8.6%+15.2%
Q2 2017-6.1%-6.2%-9.3%
Q1 2017+8.7%+4.9%-5.1%
Q4 2016+0.6%-3.1%-9.9%
Q3 2016+15.1%+19.3%+30.5%
Q2 2016-11.0%-12.5%-11.3%
Q1 2016-5.1%
Q4 2015-10.3%
Q3 2015-7.1%
Q2 2015+3.8%
Q1 2015-2.6%
Q4 2014-7.9%
Q3 2014-8.5%
Q2 2014-36.1%
Q1 2014-0.8%
Q4 2011-2.5%
Q4 2013+0.6%
Q3 2012-4.0%
Q3 2013-3.9%
Q2 2012-7.8%
Q2 2013-4.2%
Q1 2012+0.7%
Q1 2013-1.7%
Q4 2012

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro