NYSE$PRKS
United Parks & Resorts Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported record financial results in Q1 2022, with attendance and revenue increases, and the smallest net loss reported in a first quarter.
SeaWorld Entertainment, Inc. reported record financial results for the first quarter of 2022. Attendance increased by 53.7% compared to Q1 2021, reaching 3.4 million guests. Total revenues reached a record of $270.7 million, a 57.5% increase from the previous year. The net loss was $9.0 million, the smallest net loss the Company has reported in a first quarter.
- Attendance increased by 53.7% from the first quarter of 2021, reaching 3.4 million guests.
- Total revenues was a record $270.7 million, up 57.5% from the first quarter of 2021.
- Net loss was $9.0 million, an improvement of 80.0% from the first quarter of 2021.
- Adjusted EBITDA was a record $65.9 million, an increase of 161.8% from the first quarter of 2021.
Headline financials
Revenue & EPS history
United Parks & Resorts · Revenue · Quarterly
$271M
Revenue by segment
United Parks & Resorts · $271M total across 2 segments · Q1 2022
- Admissions$151M+57.5%55.7%
- Food, merchandise & other$120M+57.4%44.3%
Forward guidance
Forward demand indicators are encouraging, the pass base is at a record high, international and group business is returning, and pricing power and efficiency initiatives are expected to offset cost pressures and expand margins. New rides and attractions have been well-received, and the new Sesame Place San Diego park is showing promising early results. The company expects to continue delivering operational and financial improvements, leading to meaningful increases in shareholder value.
Tailwinds
- Forward demand indicators are encouraging.
- Pass base is at a record high.
- International and group business is returning.
- Pricing power and efficiency initiatives are expected to offset cost pressures and expand margins.
- New rides and attractions have been well-received.
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 2022
-0.3%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+3.7%
Avg return
30 days after
48%
27 / 56 earnings
Positive
+21.1%
Q2 2018
Best reaction
-36.1%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.2% | -8.0% | +12.2% | |
| 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 | — | — | — |
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