United Parks PRKS Q1 2026 Earnings Transcript

Image source: The Motley Fool.

Date

Monday, May 11, 2026 astatine 9 a.m. ET

Call participants

• Chief Executive Officer — Marc Swanson

• Interim Chief Financial Officer and Treasurer — James Forrester

Full Conference Call Transcript

Marc Swanson, Chief Executive Officer, and James Forrester, Interim Chief Financial Officer and Treasurer. This morning, we volition reappraisal our archetypal 4th fiscal results, and past we volition unfastened the telephone to your questions. Before we begin, I would similar to punctual everyone that our comments contiguous volition incorporate forward-looking statements wrong the meaning of the national securities laws. These statements are taxable to a fig of risks and uncertainties that could origin existent results to beryllium materially antithetic from those forward-looking statements, including those identified successful the Risk Factors conception of our Annual Report connected Form 10-Ks and Quarterly Reports connected Form 10-Q filed with the Securities and Exchange Commission.

These hazard factors whitethorn beryllium updated from clip to clip and volition beryllium included successful our filings with the SEC that are disposable connected our website. We undertake nary work to update immoderate forward-looking statements. In addition, connected the call, we whitethorn notation non-GAAP measures and different fiscal metrics specified arsenic adjusted EBITDA and escaped currency flow. More accusation regarding our forward-looking statements and reconciliations of non-GAAP measures to the astir comparable GAAP measurement is included successful our net merchandise disposable connected our website and tin besides beryllium recovered successful our filings with the SEC. Now, I would similar to crook the telephone implicit to our Chief Executive Officer, Marc Swanson. Marc?

Marc Swanson: Thank you, Matthew. Good morning, everyone, and convey you for joining us. Our archetypal 4th results fell abbreviated of our expectations chiefly owed to unfavorable upwind and a diminution successful planetary attendance. As galore of you apt experienced yourselves, the upwind was unfavorable successful San Diego and Florida successful January and February, and again successful Florida and Texas during their highest outpouring interruption periods. Our planetary attendance diminution was accordant with the broader United States planetary tourism declines resulting from geopolitical and different dynamics. Attendance successful the archetypal 4th was negatively impacted by astir 140,000 guests owed to weather, and astir 80,000 guests owed to declines successful planetary visitation.

Adjusting for these impacts, attendance would person accrued much than 1% for the quarter. We delivered different beardown 4th of in-park execution, increasing our in-park per capita and producing different 4th of grounds results. We besides saw beardown walk income show during the 4th with paid walk income up astir 10% during the 4th and up astir 12% done 04/30/2026. Looking ahead, our precocious bookings gross for Discovery Cove and our radical concern are some presently outpacing 2025 levels, with Discovery Cove bookings up a double-digit percentage. We proceed to powerfully judge our banal is materially undervalued and, arsenic such, continued to repurchase shares successful the archetypal quarter, buying astir 2.6 cardinal shares for astir $93 million.