United Parks Stock Price, News & Analysis

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.

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

Investors can access both the financial results 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 August 7, 2024, under the 'Events & Presentations' tab of the website. Additionally, a telephonic replay will be accessible from August 7 to August 14, 2024.

Busch Gardens Tampa Bay has announced the grand opening of Phoenix Rising, North America's tallest and longest inverted family coaster. Pass Members will have exclusive early access from July 17-20, 2024, with the ride opening to the public on July 21. This new attraction, the park's tenth roller coaster, features on-board audio and lighting, reaches speeds of 44 mph, and has a height requirement of just 42 inches.

The coaster, inspired by the legend of the phoenix, offers a family-friendly adventure soaring above the Serengeti Plain and through Pantopia. Busch Gardens is offering a -time Summer Sale with up to 50% off on Tickets, Fun Cards, and Annual Passes, providing the best value for experiencing Phoenix Rising and other park attractions.

SeaWorld San Antonio announced the birth of a baby beluga whale and a Pacific white-sided dolphin, both born within two days at the park's Beluga Whale and Dolphin Stadium.

The park also recently welcomed a California sea lion, a harbor seal, and a critically endangered radiated tortoise. Experienced mothers Piquet, a 36-year-old Pacific white-sided dolphin, and Luna, a 23-year-old beluga whale, successfully gave birth to calves.

These births offer valuable research opportunities through SeaWorld's ongoing partnership with St. Mary's University, allowing for detailed observation and study of calf development and social interactions.

SeaWorld Orlando has launched its new family coaster, Penguin Trek, in the Antarctica Realm. The ride opened on July 7, 2024, and features air-conditioned queue lines, snowmobile-styled cars, and speeds up to 43 mph on a 3,020-foot track through indoor and outdoor environments. The experience ends with visitors exploring a penguin habitat, underscoring SeaWorld's conservation efforts.

The Antarctica Realm includes other attractions like the South Pole Sips bar and the revamped Expedition Café. Club Wyndham has also partnered with SeaWorld to offer an Antarctica-inspired suite at their Bonnet Creek resort, with part of the proceeds supporting the SeaWorld Conservation Fund.

Visitors can enjoy discounts on Annual Passes and Fun Cards through July 14, 2024, offering benefits like free parking and guest tickets.

SeaWorld has announced the return of its Ultimate Shark Experience ticket to celebrate its 60th anniversary. Available from July 7-14, this ticket allows guests to enjoy various shark-themed activities across its Orlando, San Antonio, and San Diego parks. Highlights include behind-the-scenes tours, feeding and touching sharks, front-of-the-line access to shark-inspired rides, dining with underwater views, and exclusive shark-themed souvenirs. A portion of the ticket proceeds will support the SeaWorld Conservation Fund's shark protection projects. SeaWorld emphasizes its commitment to shark conservation through partnerships and initiatives like the Association of Zoos and Aquariums SAFE Program.

SeaWorld Orlando is excited to announce the grand opening of its new family launch coaster, Penguin Trek, on July 7, 2024. This innovative ride is located in the new Antarctica Realm, offering a 3,020-foot track with speeds up to 43 mph and unique snowmobile-styled cars. Visitors can enjoy air-conditioned queues and a thrilling exploration ending in a penguin habitat.

Annual Pass Members get early access starting July 2. The new Antarctica Realm features dining options like South Pole Sips and the reopened Expedition Café. Penguin Trek joins SeaWorld's acclaimed coaster lineup, including Mako and Ice Breaker. Special promotions include up to 55% off tickets and passes during the 4th of July Sale.