United Parks & Resorts has reported its financial results for the second quarter and first six months of this year, posting increases in attendance, revenue and income.
In the second quarter, attendance at the company's theme parks was 6.2 million guests, an 8 percent increase from the prior-year second quarter. Revenue was $497.6 million, a 3 percent increase from Q2 2023. Net income was $497.6m, an increase of 4.7 percent.
In the first six months of 2024, attendance was 9.6 million guests, an increase of 1.3 percent from the first six months of 2023. Revenue was a record $795m and income was $79.9m, increases of 7 percent and 13.2 percent respectively.
"We are pleased to report another quarter of strong financial results," saidMarc Swanson, CEO of United Parks & Resorts, formerly SeaWorld.
"We grew attendance and revenue during the quarter despite not seeing any material improvement in weather during the quarter compared to prior year."
Swanson said international attendance at United parks was still down compared to 2019, but visitor numbers increased in Q2 2024 compared to Q2 2023.
"For the full year 2024, we continue to expect to deliver new records in revenue and adjusted EBITDA," he added.
"We have high confidence in our ability to continue to deliver operational and financial improvements that will result in meaningful increases in revenue, adjusted EBITDA and shareholder value."
Strong financial results at SeaWorld parks
In more news, United Parks & Resorts is planning to expandSeaWorld San Antonioin Texas with a new $6 million themed area.
In Florida, SeaWorld Orlandohas openedPenguin Trek, its first family launch coaster. The new ride has an innovative design and is the park’s eighth coaster.
SeaWorld Entertainmentrecently changed its corporate name toUnited Parks & Resortsto unite its portfolio of seven brands across 13 theme parks in the US andAbu Dhabi.
Images courtesy of United Parks & Resorts
