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ORLANDO - United Parks & Resorts Inc. (NYSE:PRKS) reported first quarter 2025 financial results that fell short of analyst expectations on Monday.
The company’s shares were down 0.38% in pre-market trading following the release.
The theme park operator posted a net loss of $16.1 million, or $0.29 per share, compared to a loss of $11.2 million, or $0.17 per share, in the same quarter last year. Analysts had expected a smaller loss of $0.21 per share.
Revenue declined 3.5% year-over-year to $286.9 million, missing the consensus estimate of $295.77 million. The company attributed the revenue drop primarily to lower attendance and admission per capita, partially offset by higher in-park spending.
Attendance fell 1.7% to 3.39 million guests compared to Q1 2024. United Parks said results were negatively impacted by the timing shift of Easter and Spring Break holidays from Q1 to Q2 this year.
"Despite the negative calendar shift, in-park per capita spending increased 1.1% during the first quarter to a record level and has now grown for 19 of the last 20 quarters," said CEO Marc Swanson.
Looking ahead, the company remains optimistic about the remainder of 2025, citing strong bookings trends and new attractions opening across its parks. United Parks expects to set new records in revenue and adjusted EBITDA for the full year.
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