United Parks & Resorts Q2 Earnings Call Highlights

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Wed, August 5, 2026 astatine 7:04 AM CDT 6 min read

Key Points

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Second-quarter results weakened: Revenue fell 1.4% to $483.3 million, attendance declined 2.9%, nett income dropped to $63.3 million, and adjusted EBITDA decreased to $195.5 million. Management attributed overmuch of the attendance unit to Easter timing and little planetary visitation.
Per-capita spending provided support, but July was challenging: In-park spending per impermanent roseate a grounds 5.1%, partially offsetting little attendance, portion unfavorable weather, wildfires and air-quality issues contributed to an estimated 2% gross diminution successful July. The institution expects maturation successful the remaining months but is not forecasting full-year adjusted EBITDA growth.
Management is pursuing maturation and shareholder returns: United Parks is targeting $50 cardinal successful 2026 outgo savings, expanding Halloween intellectual-property partnerships, and exploring imaginable real-estate sales. It repurchased astir $217.7 cardinal of shares successful the archetypal half, adjacent to 12.1% of shares outstanding, portion maintaining astir $658 cardinal successful liquidity.

United Parks & Resorts (NYSE:PRKS) reported little second-quarter gross and net arsenic attendance declined pursuing an unfavorable Easter calendar displacement and reduced planetary visitation, portion higher in-park spending partially offset the pressure.

Total gross for the 2nd 4th was $483.3 million, down $6.9 million, oregon 1.4%, from the year-earlier period, Interim Chief Financial Officer and Treasurer Jim Forrester said. Attendance fell astir 179,000 guests, oregon 2.9%, to the prior-year quarter. The institution said attendance would person been level excluding the Easter timing effect and planetary visitation decline.

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Net income declined to $63.3 cardinal from $80.1 cardinal a twelvemonth earlier, portion adjusted EBITDA fell $10.8 cardinal to $195.5 million. Operating expenses roseate $10.9 million, oregon 5.3%, and selling, wide and administrative expenses accrued $2.2 million, oregon 3.4%.

Per-Capita Revenue Offsets Some Attendance Pressure

Total gross per capita accrued 1.5% successful the quarter. Admission gross per capita declined 1.8%, chiefly owed to admissions-product mix, portion in-park spending per capita roseate 5.1%, reaching a second-quarter record, according to management.

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Forrester attributed the summation successful in-park spending to higher impermanent penetration and pricing initiatives. CEO Marc Swanson said the institution is besides benefiting from investments successful food, retail and different parkland facilities, portion Forrester cited self-order food-and-beverage kiosks, photograph operations and catering events arsenic contributors.

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