United Parks Misses Q1 Revenue, EBITDA Estimates; Weather Blamed for 3% Revenue Drop
Summary
United Parks & Resorts reported Q1 revenue declined 3% year-over-year to $278.30 million, slightly missing analyst expectations of $279.95 million. Adjusted EBITDA also missed estimates, falling 14% to $58 million against a consensus of $62.27 million. The company attributed the revenue and attendance decline primarily to unfavorable weather conditions in key markets like San Diego, Florida, and Texas, as well as a decrease in international visitation. While in-park per capita spending increased, the overall misses on both top-line and profitability metrics are material and indicate weaker-than-expected operational performance for the quarter. Investors will be watching if new attractions and advanced bookings can drive a recovery and deliver on the company's commitment to growth in 2026.
At the time of this announcement, PRKS was trading at $37.80 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $28.77 to $56.95. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.