NYSE$PRKS
United Parks & Resorts Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
United Parks & Resorts Inc. reported its financial results for the third quarter and first nine months of fiscal year 2025, showing declines in attendance, revenue, and net income for the quarter.
United Parks & Resorts Inc. experienced a challenging third quarter of 2025, with attendance decreasing by 3.4% to 6.8 million guests and total revenue falling by 6.2% to $511.9 million. Net income also saw a significant drop of 25.4% to $89.3 million. The company attributed these declines to an unfavorable calendar shift, poor weather, reduced international visitation, and execution issues, despite an increase in in-park per capita spending.
- Attendance for Q3 2025 decreased by 3.4% to 6.8 million guests compared to Q3 2024.
- Total revenue for Q3 2025 was $511.9 million, a 6.2% decrease from the same period last year.
- Net income for Q3 2025 fell by 25.4% to $89.3 million.
- In-park per capita spending increased by 1.1% to $35.82, marking continued growth in this metric.
Headline financials
Revenue & EPS history
United Parks & Resorts · Revenue · Quarterly
$512M
Revenue by segment
United Parks & Resorts · $548M total across 2 segments · Q3 2023
- Admissions$300M—54.7%
- Food, merchandise & other$248M—45.3%
Forward guidance
United Parks & Resorts Inc. is focused on improving operational and financial performance in 2026 and beyond, with new attractions planned and positive forward-booking trends for Discovery Cove and group business.
Tailwinds
- Growth in in-park per capita spending, which has increased in 20 of the last 22 quarters.
- Meaningful year-over-year growth from separately ticketed Halloween events, including record attendance in Orlando and San Diego for Howl-O-Scream.
- Forward-booking revenue trends into 2026 for Discovery Cove property and group business are up over 20% compared to the same time last year.
- Stockholders granted authority for additional share repurchases, with $32.2 million already repurchased through November 4, 2025.
- Upcoming new rides and attractions for 2026 at SeaWorld Orlando, SeaWorld San Diego, SeaWorld San Antonio, and Busch Gardens Tampa Bay.
Headwinds
- Performance in the quarter was negatively impacted by an unfavorable calendar shift.
- Poor weather during peak holiday periods contributed to attendance decline.
- A decline in international visitation of approximately 90,000 guests during the quarter.
- Less than optimal execution impacted overall results.
- The consumer environment in the U.S. appears inconsistent, affecting leisure and hospitality businesses.
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 2025
-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
| Quarter | Report date | Reaction (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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