NYSE$PRKS

United Parks & Resorts Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

SeaWorld Parks reported Q4 2025 revenue of $373.5M with net income of $15.1M.

Fourth-quarter total revenue was $373.5 million (-2.8% YoY) with net income of $15.1 million and adjusted EBITDA of $115.2 million. Attendance declined on lower international visitation; in-park per capita spending rose to a record $35.89. Full-year revenue was $1.7 billion with net income of $168.4 million.

  • Q4 revenue $373.5M; NI $15.1M.
  • In-park per capita record $35.89.
  • FY revenue $1.7B; NI $168.4M.
  • 2026 Discovery Cove bookings up high single digits.
  • Group bookings pacing +50%.

Headline financials

Total Revenue

$374M

Previous: $384M-2.8%
EPS (adj)

$0.39

Previous: $0.50-22.0%
Attendance

4.8M

Previous: 4.9M-2.6%
Total Revenue per Capita

$78.56

Previous: $78.75-0.2%
Admission per Capita

$42.67

Previous: $43.61-2.2%
In-Park per Capita Spending

$35.89

Previous: $35.14+2.1%
Adjusted EBITDA

$115M

Previous: $144M-20.3%
Animals Rescued (Q4)

178

No prior period
Animals Rescued (Total)

42.0K

No prior period
Net Income

$15.1M

Previous: $27.9M-45.9%
Operating Income

$56.4M

Previous: $75.8M-25.5%

Revenue & EPS history

United Parks & Resorts · Revenue · Quarterly

$374M

Q4 2025-2.8%vs Q4 2024
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

2026 group and Discovery Cove bookings strong; sponsorship viewed as $30M+ opportunity.

Tailwinds

  • Record in-park spending per guest.
  • Cost controls support adjusted EBITDA.

Headwinds

  • International attendance softness.
  • Weather and scheduling impacts on parks.

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 2025

Historical avgQ4 2025

-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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