NYSE$PRKS

United Parks & Resorts Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record financial results, with significant increases in attendance, revenue, and net income compared to the fourth quarter of 2020.

SeaWorld Entertainment, Inc. reported record financial results for the fourth quarter of 2021, marked by significant increases in attendance, total revenue, and net income compared to the fourth quarter of 2020. The company's performance was driven by strong consumer demand and successful implementation of its business plan, despite ongoing challenges related to COVID-19.

  • Attendance was 5.0 million guests, an increase of 2.7 million guests from the fourth quarter of 2020.
  • Total revenue was a record $370.8 million, an increase of $216.7 million from the fourth quarter of 2020.
  • Net income was a record $71.5 million, an increase of $117.1 million from the fourth quarter of 2020.
  • Total revenue per capita increased 7.9% to $74.87 from the fourth quarter of 2020.

Headline financials

Total Revenue

$371M

Previous: $154M+140.7%
EPS (adj)

$0.92

Previous: -$0.58+258.6%
Attendance

5.0M

Previous: 2.2M+127.3%
Total Revenue per Capita

$74.87

No prior period
Admission per Capita

$43.65

Previous: $41.44+5.3%
In-Park per Capita Spending

$31.22

Previous: $27.96+11.7%
Capital Expenditures

$55.3M

Previous: $33.5M+65.2%
Free Cash Flow

$31.3M

Previous: -$46.5M+167.3%
Net Income

$71.5M

Previous: -$45.5M+257.0%
Operating Income

$85.3M

Previous: -$23.4M+465.0%
Gross Profit

$142M

Previous: $56.5M+151.1%
Cash & Equivalents

$444M

Previous: $434M+2.3%
Total Assets

$2.61B

Previous: $2.57B+1.7%
Stock-Based Comp

$16.6M

Previous: $4.26M+288.5%

Revenue & EPS history

United Parks & Resorts · Revenue · Quarterly

$371M

Q4 2021+140.7%vs Q4 2020
Beat estimate in 3 of 4 quarters(75%)
ActualEstimate

Revenue by segment

United Parks & Resorts · $371M total across 2 segments · Q4 2021

  • Admissions
    $216M+135.0%
  • Food, merchandise & other
    $155M+149.1%

Forward guidance

The Company continues to be highly confident that it can deliver even more operational and financial improvements that it expects will lead to meaningful increases in shareholder value.

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 2021

Historical avgQ4 2021

-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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