NYSE$PRKS

United Parks & Resorts Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

SeaWorld Entertainment, Inc. reported strong Q4 2019 results with increased attendance and revenue.

SeaWorld Entertainment, Inc. reported a 2.2% increase in attendance, reaching 4.7 million guests, and a 6.4% increase in total revenue, amounting to $298.0 million. The company experienced a net loss of $24.2 million, while Adjusted EBITDA increased by 29.9% to $83.9 million.

  • Attendance increased by 2.2% to 4.7 million guests.
  • Total revenue increased by 6.4% to $298.0 million.
  • Net loss increased to $24.2 million.
  • Adjusted EBITDA increased by 29.9% to $83.9 million.

Headline financials

Total Revenue

$298M

Previous: $280M+6.4%
EPS (adj)

$0.10

Previous: $0.01+900.0%
Attendance

4.7M

Previous: 4.6M+2.2%
Total Revenue per Capita

$63.42

Previous: $60.88+4.2%
Admission per Capita

$37.89

Previous: $35.46+6.9%
In-Park per Capita Spending

$25.53

Previous: $25.42+0.4%
Capital Expenditures

$42.3M

Previous: $38.9M+8.9%
Free Cash Flow

-$7.6M

Previous: -$12.4M+38.8%
Net Income

-$24.2M

Previous: -$11.1M-118.8%
Operating Income

-$5.29M

Previous: $10.7M-149.6%
Gross Profit

$140M

Previous: $84.9M+64.4%
Cash & Equivalents

$39.9M

Previous: $34.1M+17.2%
Total Assets

$2.3B

Previous: $2.12B+8.7%
Stock-Based Comp

$2.66M

Previous: $3.53M-24.6%

Revenue & EPS history

United Parks & Resorts · Revenue · Quarterly

$298M

Q4 2019+6.4%vs Q4 2018

Revenue by segment

United Parks & Resorts · $298M total across 2 segments · Q4 2019

  • Admissions
    $178M+9.2%
  • Food, merchandise & other
    $120M+2.6%

Forward guidance

SeaWorld anticipates a strong 2020 with a focus on new rides, attractions, and events, expecting to achieve the higher end of its 2020 goal of $475 million to $500 million in Adjusted EBITDA.

Tailwinds

  • Strong lineup of new rides, attractions and events planned for 2020.
  • Introduction of one-of-a-kind, record-breaking roller coasters across five major theme parks.
  • Thrilling, record-breaking new slides across water parks this year.
  • Five of the 10 most anticipated roller coasters of 2020, according to USA Today, opening in SeaWorld parks.
  • Ongoing focus on and refinement of strategic marketing and communication, pricing, and cost initiatives.

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 Q4 2019

Historical avgQ4 2019

-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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