NYSE$PRKS

United Parks & Resorts Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reports solid financial results impacted by weather and calendar shift.

United Parks & Resorts Inc. reported a slight decrease in total revenue and net income for Q3 2024, with revenue at $545.9 million and net income at $119.7 million. Attendance decreased by 1.4% to 7.0 million guests, while total revenue per capita increased by 1.0% to $77.66.

  • Attendance decreased by 1.4% to 7.0 million guests due to weather and calendar shifts.
  • Total revenue decreased slightly by 0.4% to $545.9 million.
  • Net income decreased by 3.1% to $119.7 million.
  • Total revenue per capita increased by 1.0% to $77.66.

Headline financials

Total Revenue

$546M

Previous: $548M-0.4%
EPS

$2.08

Previous: $1.92+8.3%
Attendance

7.0M

Previous: 7.1M-1.4%
Total Revenue per Capita

$77.66

Previous: $76.90+1.0%
Admission per Capita

$42.24

Previous: $42.05+0.5%
In-Park per Capita Spending

$35.42

Previous: $34.85+1.6%
Adjusted EBITDA

$258M

No prior period
Capital Expenditures

-$222M

Previous: -$234M+5.1%
Free Cash Flow

-$103M

Previous: -$111M+7.3%
Net Income

$120M

Previous: $124M-3.1%
Operating Income

$201M

Previous: $203M-1.1%
Cash & Equivalents

$76.8M

Previous: $215M-64.3%
Total Assets

$2.58B

Previous: $2.58B+0.2%
Stock-Based Comp

$3.19M

Previous: $4.6M-30.7%

Revenue & EPS history

United Parks & Resorts · Revenue · Quarterly

$546M

Q3 2024-0.4%vs Q3 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

The company is pleased with forward demand indicators for 2025, with intended date ticket sales, group bookings, and Discovery Cove bookings all trending up double-digit percentages ahead of the prior year. The company also launched a new and improved premium pass program which features the best benefits ever and has seen strong sales since launch – with sales up over 10% to date.

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 Q3 2024

Historical avgQ3 2024

-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

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