NYSE$PRKS

United Parks & Resorts Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

United Parks & Resorts reported an increase in attendance and revenue, achieving a record level for in-park per capita spending.

United Parks & Resorts Inc. reported its financial results for the second quarter of fiscal year 2024, with an increase in attendance, total revenue, and net income compared to the second quarter of 2023. The company highlighted a record level for in-park per capita spending.

  • Attendance increased by 0.8% to 6.2 million guests.
  • Total revenue increased by 0.3% to $497.6 million.
  • Net income increased by 4.7% to $91.1 million.
  • In-park per capita spending increased 2.5% to a record $37.76.

Headline financials

Total Revenue

$498M

Previous: $496M+0.3%
EPS (adj)

$1.46

Previous: $1.35+8.1%
Capital Expenditures

-$167M

Previous: -$146M-14.6%
Free Cash Flow

-$75.7M

Previous: -$58.5M-29.3%
Net Income

$91.1M

Previous: $87.1M+4.7%
Operating Income

$164M

Previous: $155M+5.8%
Gross Profit

$228M

Previous: $458M-50.1%
Cash & Equivalents

$232M

Previous: $147M+58.1%
Total Assets

$2.76B

Previous: $2.51B+10.0%
Stock-Based Comp

$2.85M

Previous: $3.73M-23.5%

Revenue & EPS history

United Parks & Resorts · Revenue · Quarterly

$498M

Q2 2024+0.3%vs Q2 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

United Parks & Resorts · $548M total across 2 segments · Q3 2023

  • Admissions
    $300M
  • Food, merchandise & other
    $248M

Forward guidance

For the full year 2024, the company continues to expect to deliver new records in revenue and Adjusted EBITDA.

Tailwinds

  • Encouraged by the booking trends at Discovery Cove property.
  • Group bookings continue to run well ahead of 2023.
  • International visitation was up for the quarter compared to prior year.
  • Very excited about remaining summer events.
  • Popular Halloween events will be followed by Christmas events.

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 Q2 2024

Historical avgQ2 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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