United Parks Stock Price, News & Analysis

United Parks & Resorts Inc. (NYSE: PRKS) has announced the release date for its third quarter financial results. The company will disclose the results before the market opens on Thursday, November 7, 2024. A conference call is scheduled for the same day at 9 a.m. Eastern Time, which will be broadcast live over the internet.

Investors can access both the financial release and the conference call through the company's website at www.UnitedParksInvestors.com. For those unable to participate in the live webcast, a replay will be available from approximately 12 p.m. Eastern Time on November 7, 2024, under the "Events & Presentations" tab of the website. Additionally, a telephonic replay will be accessible from November 7 to November 14, 2024, by dialing specific numbers for U.S., Canadian, and international callers.

United Parks & Resorts Inc. (NYSE: PRKS) has appointed James "Jim" Mikolaichik as its new Chief Financial Officer (CFO) and Treasurer, effective Nov. 11, 2024. Mikolaichik brings over 30 years of global financial and strategic planning experience to the company. He previously served as CFO of MyEyeDr and Executive Vice President and CFO at Diamond Resorts.

CEO Marc Swanson expressed confidence in Mikolaichik's ability to drive profitability and shareholder value. Mikolaichik, who holds an MBA from Columbia University, expressed excitement about joining the company and leveraging his experience to enhance strategic initiatives. He replaces Interim CFO James W. Forrester, Jr., who will remain with the company through the end of the year to ensure a smooth transition.

SeaWorld San Antonio has unveiled plans for the ALL-NEW Rescue Jr. hub, set to open in Spring 2025. This immersive adventure zone will feature interactive rides, climbing structures, and water features, designed to educate young guests about SeaWorld's animal rescue efforts. Key attractions include:

• Beach Rescue Racer: a 1,000-foot roller coaster
• Ocean Quest Express: a themed train ride
• Tide Pool Tumble: a seaside joy ride
• Seabird Swing: a virtual parasailing experience

SeaWorld also announced its 2025 Annual Pass, offering unlimited visits, free parking, guest tickets, in-park discounts, and exclusive experiences. For a time, pass holders will receive Aquatica for free. Prices start at $99.99.

SeaWorld Orlando has welcomed Ukiaq, an orphaned Pacific walrus calf rescued from Alaska, to its new home. The calf, found abandoned on the beaches of Utqiagvik, Alaska, received initial care at the Alaska SeaLife Center (ASLC) before being transferred to SeaWorld Orlando on September 18. Weighing approximately 220 pounds, Ukiaq will receive specialized care from SeaWorld's animal care specialists and veterinarians.

SeaWorld Orlando was chosen for its experience with walrus care and the presence of a female walrus capable of acting as a surrogate. The park's team is providing 24/7 care to ensure a smooth transition for Ukiaq. While not immediately introduced to guest-facing habitats, Ukiaq will eventually serve as an ambassador for her species, educating the public on challenges faced by Pacific walruses in the wild.

SeaWorld Orlando has unveiled plans for the world's first fully immersive Arctic flying theater, set to open in Spring 2025. This groundbreaking attraction will offer guests a 4:30-minute journey through the Arctic, featuring breathtaking views of icy landscapes, underwater scenes, and the Northern Lights. The ride, accommodating guests with a minimum height of 39 inches, will be housed in two multi-level theaters, each seating 30 people.

The attraction emphasizes SeaWorld's commitment to blending education with entertainment, showcasing the Arctic's diverse ecosystem. 2025 Annual Pass Members will have exclusive early access to the ride. SeaWorld is offering a -time promotion for 2025 passes, including a free tier upgrade and the opportunity to be among the first to experience this new attraction.

Busch Gardens Tampa Bay has unveiled plans for its ALL-NEW Wild Oasis realm, set to open in Spring 2025. This innovative attraction, located in the Jungala area, promises to be North America's most immersive kid-friendly adventure realm. The Wild Oasis will feature:

• A reimagined drop tower with state-of-the-art digital and sound effects
• An interactive water-play wonderland
• A multi-level climbing canopy
• A new multi-species animal habitat for up-close encounters

To celebrate this upcoming attraction, Busch Gardens is offering 2025 Annual Passes with exclusive benefits, including early access to Wild Oasis. For a time, pass purchasers will receive a free upgrade to the next pass tier level. The park continues to expand its world-class attractions, solidifying its position as a premier destination for thrill-seekers and families.

United Parks & Resorts Inc. (NYSE: PRKS) reported its Q2 and H1 2024 financial results. Key highlights include:

- Q2 attendance increased 0.8% to 6.2 million guests
- Q2 total revenue up 0.3% to $497.6 million
- Q2 net income rose 4.7% to $91.1 million
- Q2 Adjusted EBITDA decreased 2.7% to $218.2 million
- H1 total revenue reached a record $795.0 million, up 0.7%
- H1 net income increased 13.2% to $79.9 million

The company repurchased 4.1 million shares for $213.4 million in Q2. CEO Marc Swanson expressed confidence in delivering new records in revenue and Adjusted EBITDA for full-year 2024, citing strong booking trends and upcoming events.

United Parks & Resorts Inc. (NYSE: PRKS) has released preliminary second quarter results for 2024. Attendance increased to approximately 6.2 million guests, up from 6.1 million in Q2 2023. Total revenues are expected to be around $495-$500 million, compared to $496.0 million in Q2 2023. Net income is projected to be between $87-$95 million, in line with $87.1 million in Q2 2023. Adjusted EBITDA is estimated at $215-$220 million, down from $224.2 million in Q2 2023.

The company emphasizes that these figures are preliminary and subject to change as they complete their financial statements. The final Quarterly Report on Form 10-Q is expected to be filed by August 9, 2024.

Busch Gardens Tampa Bay has officially opened Phoenix Rising, North America's tallest and longest inverted family coaster, to the public. This highly anticipated attraction, the park's tenth roller coaster, features onboard audio and lighting - a first for the park. With a height requirement of just 42 inches, Phoenix Rising offers a thrilling experience for the whole family, reaching speeds of 44 miles per hour.

Inspired by the legendary phoenix, riders soar above the Serengeti Plain and navigate through Pantopia's skies. The park is currently offering a Summer Sale with up to 50% off on Tickets, Fun Cards, and Annual Passes, providing the best value for guests to enjoy Phoenix Rising and other attractions throughout the year.