STOCK TITAN

SeaWorld Entertainment, Inc. Changing Its Corporate Name to United Parks & Resorts Inc.

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
SeaWorld Entertainment, Inc. (NYSE: SEAS) is changing its name to United Parks & Resorts Inc., effective Feb. 12, 2024. The stock ticker symbol on the New York Stock Exchange will change from SEAS to PRKS, with trading as PRKS to begin Feb. 13, 2024. The name change only affects the parent company, while the award-winning portfolio of parks retains their respective names. The company's CEO, Marc Swanson, emphasizes the commitment to providing diverse park brands and experiences. The company has 12 park locations across the United States and a 13th park, SeaWorld Abu Dhabi, opened in the United Arab Emirates in 2023. The main website and investors website domains will change to UnitedParks.com and UnitedParksInvestors.com on Feb. 13, 2024.
Positive
  • None.
Negative
  • None.

Company is starting the new year with a new name uniting its world-class, award-winning portfolio of iconic parks and experiences

ORLANDO, Fla., Jan. 30, 2024 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today announced it will change its name to United Parks & Resorts Inc., effective Feb. 12, 2024. The new name unites the Company's world-class portfolio of seven brands across 13 parks in the United States and Abu Dhabi.

The Company's stock ticker symbol on the New York Stock Exchange will change from SEAS to PRKS, with trading as PRKS to begin Feb. 13, 2024.

The name change affects only the name of the parent company – SeaWorld Entertainment, Inc. The Company's award-winning portfolio of parks – SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Water Country USA, Adventure Island, and Aquatica – retain their respective park names.

"Our new company name, United Parks & Resorts Inc., better reflects that we have been, and will continue to be, a diverse collection of park brands and experiences. Each of our iconic parks, including the four SeaWorld parks in Orlando, San Antonio, San Diego and Abu Dhabi, will continue to operate under the same names our guests know and love. What also remains unchanged is our deep commitment to creating experiences that matter for our guests and inspiring them to help protect animals and the wild wonders of the world," said Marc Swanson, the Company's Chief Executive Officer.

The Company has 12 park locations across the United States, and a 13th park, SeaWorld Abu Dhabi, opened in the United Arab Emirates in 2023.

As part of the name change, the Company's main website and investors website domains will change to UnitedParks.com and UnitedParksInvestors.com on Feb. 13, 2024.

Copies of this and other news releases as well as additional information about SeaWorld Entertainment, Inc. can be obtained online at www.seaworldentertainment.com. Shareholders and prospective investors can also register to automatically receive the Company's press releases, SEC filings and other notices by e-mail by registering at that website.

Forward-Looking Statements

Statements in this press release regarding the Company that are not historical facts are "forward-looking statements" within the meaning of the federal securities laws and are based upon current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond management's control. All expectations, beliefs, estimates, and projections are expressed in good faith and the Company believes there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, estimates and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Securities and Exchange Commission ("SEC") filings, including, but not limited to, the risk factors and Special Note Regarding Forward-Looking Statements set forth in these filings and any updates to such risk factors and Special Note Regarding Forward-Looking Statements contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

CONTACTS:

Investor Relations: 
Matthew Stroud 
Investor Relations 
888-410-1812
Investors@SeaWorld.com 

Media: 
Libby Panke 
Communications 
314-719-7521
Libby.Panke@Fleishman.com

SWPE (PRNewsfoto/SeaWorld Parks & Entertainment)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/seaworld-entertainment-inc-changing-its-corporate-name-to-united-parks--resorts-inc-302047191.html

SOURCE SeaWorld Entertainment, Inc.

FAQ

When will the stock ticker symbol on the New York Stock Exchange change?

The stock ticker symbol will change from SEAS to PRKS, with trading as PRKS to begin on Feb. 13, 2024.

How many park locations does the company have across the United States?

The company has 12 park locations across the United States.

When did SeaWorld Abu Dhabi open?

SeaWorld Abu Dhabi opened in the United Arab Emirates in 2023.

What will be the new name of the Company's main website and investors website domains?

The main website and investors website domains will change to UnitedParks.com and UnitedParksInvestors.com on Feb. 13, 2024.

United Parks & Resorts Inc.

NYSE:SEAS

SEAS Rankings

SEAS Latest News

SEAS Stock Data

3.23B
36.10M
1.6%
110.07%
4.51%
Amusement and Theme Parks
Arts, Entertainment, and Recreation
Link
US
Orlando

About SEAS

seaworld parks & entertainment® inspires millions, through the power of entertainment, to celebrate, connect with and care for the natural world. one of the most respected companies in the themed entertainment sector, beginning with busch gardens® tampa opening in 1959, the company has a five-decade legacy of creating innovative entertainment experiences that blend imagination with nature. seaworld parks & entertainment is best known for its 11 u.s. theme parks, attractions that hosted more than 23 million guests in 2013 and include the beloved seaworld®, busch gardens® and sesame place® brands. the parks offer guests a variety of up-close experiences, from animal encounters that invite exploration and appreciation of the natural world, to thrilling rides and spectacular shows. seaworld parks & entertainment has been expanding its popular brands into media and entertainment platforms to connect people to nature and animals through television, and digital media; plus lines of licensed c