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SeaWorld, Busch Gardens report lower attendance, revenue in Q4 and full-year results

United Parks & Resorts to drive spending and demand in 2026

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United Parks & Resorts, the owner and operator of SeaWorld and Busch Gardens parks, has reported a decline in attendance, revenue and earnings for both the fourth quarter and full-year 2025.

Starting with the full-year results, attendance was 21.2 million guests, a decrease of around 1.8 percent from the previous year.


Compared to the prior year, total revenue dropped by 3.6 percent to $1.7 billion, and net income dropped by 26 percent to $168.4 million.

Adjusted EBITDA was $605.1m, a decrease of 13.6 percent from 2024.

In a statement, United Parks & Resorts' CEO Marc Swanson said the company's fiscal 2025 results "did not meet our expectations".

2025 results 'did not meet expectations'

"While the consumer environment was uneven and our results were impacted by negative international tourism trends and volatile weather during certain peak visitation periods, we should have delivered better results, particularly on the cost side of the income statement," he said.

United Parks & Resorts has "updated and focused our plans and investments for 2026 designed to drive attendance and guest spending across our parks".

"These include a compelling lineup of new rides, shows and attractions, an updated events calendar, an expanded concert lineup, new and upgraded food and retail locations, a revamped and enhanced marketing plan and strategy as well as other investments that we expect will drive demand and spending across our parks," he added.

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These initiatives "position us to deliver strong financial performance in 2026".

As for the fourth quarter of 2025, attendance declined by 2.6 percent from Q4 2024 to 4.8 million guests.

Compared to the prior-year quarter, total revenue dropped by 2.8 percent to $373.5m, and net income decreased by 46 percent to $15.1m.

Adjusted EBITDA was $115.2m, a decline of 20.3 percent from Q4 2024.

The company's Q4 performance "was impacted by lower international visitation and fewer operating days" compared to Q4 2024.

Still, United Parks & Resorts reported record in-park per capita spending in the quarter, "underscoring that guests continue to respond positively to our offerings and spend when they visit our parks", Swanson said.

New attractions and experiences coming to United Parks & Resorts properties this year include SEAQuest: Legends of the Deep at SeaWorld Orlando and a reimagined version of Shark Encounter at SeaWorld San Diego.

SeaWorld San Antonio will debut Barracuda Strike, Texas' first inverted family coaster, while Busch Gardens Tampa Bay will open the new Lion & Hyena Ridge animal habitat.

At Busch Gardens Williamsburg, a reimagined indoor/outdoor multi-launch coaster called Verbolten - Forbidden Turn will debut this spring.

Images courtesy of United Parks & Resorts